Granite Research, LLC

Granite Research provides in-depth investment research and issuer ratings to publicly traded companies and institutional investors, producing periodic fundamental analysis reports and organizing investor meetings. Its clients are primarily corporations and institutions, and the firm may also consult or arrange meetings for companies it does not otherwise research.

The firm’s analysis emphasizes fundamental research—reviewing financial statements, management, competitive position, and market factors—to inform company valuations and sector assessments, with reports updated quarterly or as conditions warrant. Granite Research does not manage client investment portfolios, does not accept custody of client assets, and does not provide portfolio management services for individual investors.

Granite Research’s business model is atypical for a small independent advisor in that it sells non‑contingent, flat-fee research and issuer-paid ratings rather than charging percentage-of-assets fees or offering traditional portfolio management. To mitigate conflicts from issuer-paid research, the firm states it maintains editorial independence, enforces a Code of Ethics, and restricts employee trading in covered securities around report publication (a 10‑day pre- and 3‑day post-publication blackout).