Investment Research

Business Intelligence Advisors provides unique investment research based on behavioral analysis. BIA’s methodology systematically measures and analyzes corporate disclosures to help our clients guard against bias, identify hidden risks, build conviction and identify market-uncorrelated alpha-generating investment insights.

BIA’s proprietary Tactical Behavior Assessment® (TBA™) model was initially developed by the United States Intelligence Community (IC) and has been refined by BIA since 2001 while serving the world’s premier investment firms. Through its unique TBA methodology, BIA evaluates the completeness and reliability of verbal and textual corporate disclosures. Using behavioral analysis, the TBA™ model deciphers the nuances of phrasing, word choice and level of shared detail to reveal areas of hidden risk contained in public disclosures that others miss.

BIA investment research services analyze a wide range of company disclosures, such as earnings calls, press releases and television interviews, to filter out critical information from even the most carefully crafted corporate spin or rehearsed communications. By identifying where management communications are incomplete or lack transparency, BIA generates qualitative insights into key performance factors. Those insights help clients round out their fundamental analysis for a deeper understanding of the companies they invest in, strengthen their conviction in their investment theses, and heighten their objectivity and awareness of potential risks.

BIA’s investment research services provide an unbiased behavioral lens that can help you:

BIA clients use our analysis at all stages of their investment decision processes, from valuation to portfolio monitoring. At our clients’ request, BIA will also evaluate company disclosures over time, as well as compare disclosures from multiple companies within the same industry or sector. BIA investment research is offered through an entirely customized model, analyzing only those company disclosures selected by clients for their use.