Press Release

CFRA Announces Acquisition of Washington Analysis, LLC

01 October 2021
Washington Analysis is a top-rated independent institutional research firm focused on anticipating and analyzingchanges in public policy; acquisition strengthens CFRA’s suite of independent research offerings

Charlottesville, VA, October 1, 2021 – CFRA, one of the world’s largest providers of independent investment research, today announced that it has acquired Washington Analysis, LLC from Ontario Teachers’ Pension Plan Board and Alberta Investment Management Corporation.

With the addition of Washington Analysis, CFRA further strengthens its already robust research and data offerings. CFRA clients will now be able to leverage Washington Analysis’ unique and in-depth research specializing in identifying risks and opportunities across asset-classes emanating from U.S. courts, Congress, and regulators, at both the state and federal levels.

“CFRA continues to create new value for our clients across both the institutional investor and wealth management segments of the market,” said Peter de Boer, CEO of CFRA. “Public policy decisions impact our global clients and Washington Analysis helps to separate headline risk from fundamental changes to educate and empower investors in reaching their investment objectives with unique and high-valued added insights.”

Founded in 1973, and headquartered in Washington D.C., Washington Analysis keeps an eye towards identifying the non-consensus view and looks to correct widely held misperceptions by blending policy and financial analysis conducted by a long-tenured team of experienced analysts. In addition to subscription research services, the company also provides due diligence services and access to policy events and calls.

“I am thrilled to be joining CFRA, the leading independent investment research firm, and contributing to our future success,” states Ryan Schoen, CEO of Washington Analysis, who will continue to run the company under CFRA. “It is an exciting opportunity for Washington Analysis’ clients and employees as we look to leverage CFRA’s global resources to further expand and innovate upon our offerings.”


Founded in 1994, CFRA is one of the world’s largest providers of independent investment research. Through a differentiated methodology blending forensic accounting, fundamental equity research, and technical analysis, CFRA empowers its clients to confidently evaluate sectors, industries, funds, and companies with unique insights, alternative data, and proven results.

CFRA operates worldwide to help its more than 2,400 clients, including many of the world’s leading institutional investors, wealth advisors, corporations, academic institutions, governments, and individual investors to make sound investment and business decisions.

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CFRA Press Inquiries
Chris Sullivan
MacMillan Communications c/o CFRA
(212) 473-4442