Defining Best Practice in Research Procurement

Uncover Quality, Optimize Spend

At Substantive Research we provide transparency and analytics in investment research and market data to unlock value and drive outperformance.


Solutions for:

Research Managers

Broker Relations



Research Procurement

In an unbundled world, spend on investment research has come under much greater scrutiny with an increasing focus on maximizing value in research budgets. Substantive’s unique datasets across research payments, consumption, analyst moves and more provide transparency and actionable insights to optimize buyside firms’ overall spend.

Solutions for:

Market Data Procurement

Market Data Management


market data Procurement

In an opaque market, asset managers are struggling to understand whether they are paying the right price for the data they use. Each client’s use cases are complex, so Substantive has focused on providing “apples-to-apples” comparisons that provide actionable transparency.

Solutions for:

Chief investment officer

Head of Research

Portfolio Manager


ESG Specialist

Data Scientist

the investment function

Short on time and too much noise – a recurring theme for investment managers universally. Substantive’s investment research ecosystem is the trusted solution to discover publications, data sets and providers that match your needs.

Product spotlight

Spend Analytics

Market Data
Spend Analytics


ESG Data

Research Spend Analytics

Industry first apples-to-apples investment research price benchmarks for research procurement professionals across banks, brokers, independent research providers and experts.

Market Data Spend Analytics

Industry first apples-to-apples market data price benchmarks for market data procurement professionals across index providers, rating agencies, pricing and reference data, research/analytics and ESG.

Research Discovery

Investment research curation service with weekly content from over 300+ brokers and independent research providers matched to your specific areas of focus and needs.

ESG Data Providers

Discover and compare providers of ESG data, ratings and research with a searchable directory of more than 160 vendors with a truly independent, objective and up-to-date view.

Media & insights

media coverage