Mill Street Research

Mill Street Research provides non-discretionary investment research to institutional clients via subscription access to a suite of reports covering asset allocation, country allocation, sector and industry selection, and a global quantitative stock-selection process. The firm does not manage client assets or provide portfolio management services for individual clients and instead charges negotiable subscription fees for access to its research.

The firm’s analysis is data-driven, using publicly available financial-market, macroeconomic, company financial and aggregated earnings-estimate data analyzed with proprietary methodologies, and its reports discuss both U.S. and non‑U.S. equities, ETFs and asset-class considerations; reports can be tailored to client needs. Because Mill Street provides only non‑discretionary research, it does not custody client assets, execute trades, or provide periodic account reviews or regular account reports, leaving implementation to clients or their brokers.

Noteworthy features include a subscription-based publication model and disclosed distribution and compensation arrangements: Mill Street reports a revenue-sharing referral relationship with Blue Fox Advisors, may receive fixed fees from broker‑dealers for providing research, and can accept payment via clients’ use of soft dollars or commission‑sharing arrangements. The firm also differs from many independent peers by not using percentage‑of‑AUM billing and by focusing on institutional subscribers and published research rather than serving individual retail (non‑institutional) clients.