Also found in: Acronyms.
A department in a brokerage or institutional investor with the task of evaluating securities and other investment vehicles to determine which to recommend to brokers, clients, and other interested parties. The research department develops investment strategies depending on the current and projected future conditions of markets. It may use technical analysis, fundamental analysis, or any other technique in performing its duties. See also: Investment adviser, Advisory letter.
The group of individuals in a brokerage firm or institutional investment house that analyzes companies, economic matters, and securities. The research departments in institutional investment houses assist in selecting investments and devising investment strategies. Brokerage firm research departments assist the registered representatives in making customer purchase suggestions.