Updated: Sep 2025
AlphaSense is a market intelligence platform that uses AI and natural language processing to help professionals find insights from various content sources, including company filings, news, and expert interviews.
Timely and accurate analysis is critical in investment research. AlphaSense provides AI-driven search and a vast content library, but many users report a steep learning curve, making it challenging to adopt quickly. Additionally, its pricing can be a barrier for smaller teams or emerging firms. Analysts seeking a more intuitive, cost-effective solution that integrates seamlessly into their workflow may want to explore the alternatives listed below.
Alternatives
The table below highlights key features, strengths, and considerations of top equity research tools—scroll down for a deeper look at each one.
Summary
1. Hudson Labs
Hudson Labs Co-Analyst is a high-precision AI tool, purpose-built for investors. Get the data you need — fast, precise, and verifiable.
Hudson Labs Co-Analyst uncovers insights that can’t be found on a Bloomberg screen. It quickly tabulates time series data, reliably identifies hard and soft guidance across earnings calls and press releases, and collates information from multiple sources within seconds. Built by experts and trusted by institutional investors since 2021, our clients manage $1 trillion+ in AUM.
Key Features
- The precision of a terminal with the adaptability of AI:
- Any metric, any source, any format
- Turn ‘mid-single digits’ into structured time series
- Link management commentary directly to the numbers
- Get up to speed in 2 hours instead of 2 weeks:
- Key debates and catalysts
- Segment, product and market share trends
- Guidance tracking
- Strategy synthesis and risk assessment
- Ramp up for earnings — in one-third the time:
- Soft guidance captured — every word, every hedge. No missed forward-looking statements, no guesswork.
- All earnings documents, one answer. Filings, releases, decks, transcripts — synthesized so you don’t miss a line.
- Verbatim summaries — no spin, no paraphrase. The most important management statements, word-for-word.
- Interim call tracking — stay current between quarters. Know what changed before you step into earnings.
Get a 14-day trial or book a demo to learn more here.
2. FactSet
FactSet is a financial data and software platform for investment professionals, offering integrated solutions for research, analytics, trading, and risk management. It combines equity and fixed income analytics with real-time data in a single platform. Users can access customizable workspaces on desktop workstations, web browsers, and mobile apps. The platform integrates data from over 850 independent providers, giving access to more than 30 datasets.
Key Features
- Customizable Workspaces: Users can create personalized workspaces tailored to their specific workflow needs.
- Market Watch: Allows investors to establish real-time quote lists for various financial instruments.
- Research Management: Offers tools to streamline data analysis and decision-making processes.
- Trading Solutions: Provides comprehensive tools for trading and portfolio management.
- Analytics and Risk Management: Includes robust analytical tools and risk assessment capabilities.
- Data Integration: Consolidates data on global markets, public and private companies, and equity and fixed-income portfolios.
- Excel Integration: Allows data transfer to Excel using FactSet's add-in function.
- API Access: Offers application programming interface (API) for enhanced data integration.
3. DisclosureNet
DisclosureNet is a cloud-based disclosure research and peer analytics solution developed by Certent, now part of insightsoftware. It streamlines the disclosure process for financial professionals. The platform combines internal and external report creation with an integrated research engine, enabling users to search millions of public filings in seconds. It manages data throughout the disclosure process, providing a complete solution for regulatory reporting and compliance.
Key Features
- Rapid Document Search: Enables users to search through millions of public filings quickly.
- Integrated Research Engine: Combines internal and external report creation capabilities.
- Data Management: Allows users to manage their data throughout the entire disclosure process.
- XBRL Support: Offers XBRL tagging and validation reports.
- Software Training: Provides training to help users maximize the platform's potential.
- Cloud-Based Solution: Accessible via web browsers, offering flexibility and ease of use.
- Compliance Tools: Assists in meeting regulatory requirements, including SEC, FASB, and IFRS standards.
- Reporting Capabilities: Features over 400 pre-built reports to streamline reporting processes.
4. CapIQ
Capital IQ (CapIQ) is a financial data and analytics platform owned by S&P Global. It provides detailed financial data on public and private companies, mergers and acquisitions, private equity, fixed income, and macroeconomic indicators. The platform covers 99% of global market capitalization and offers features such as company analysis, screening tools, Excel integration, and real-time market data. Widely used in investment banking, equity research, and asset management, Capital IQ enables users to conduct financial analysis, create models, perform market research, and make informed investment decisions. Its user-friendly interface and powerful analytical tools make it essential for financial professionals seeking to streamline research and gain market insights.
Key Features
- Extensive Company Data: Covers 99% of global market capitalization, including public and private companies, financial statements, and corporate structures.
- Financial Analysis Tools: Offers standardized financials, multiples, and industry-specific data for 17 sectors.
- Excel Plugin: Allows users to embed data queries directly into spreadsheets and formulas, streamlining financial modeling.
- M&A and Transaction Data: Provides detailed information on mergers, acquisitions, public offerings, and other financial transactions.
- Screening Capabilities: Enables users to find comparable companies, people, and transactions based on various criteria.
- Real-time Market Data: Delivers up-to-date stock prices, market indices, and financial news.
- Research and Estimates: Includes sell-side equity research reports and consensus analyst estimates.
- Fixed Income Analysis: Offers bond data and credit analysis tools for fixed-income investors.
5. Verity
Verity is a research technology company that supports hundreds of institutional investors, including hedge funds and asset managers. Its solutions help investment teams centralize internal research, analyze public company data, and collaborate across teams and geographies. Verity’s solutions include VerityRMS for research and compliance workflows, VerityESG for engagement tracking, and VerityData for differentiated datasets and analysis.
Key Features
- VerityRMS (Research Management System)
- Centralized Repository: Store and search proprietary and external research
- Enterprise AI: Query research, summarize research, build reports, tag key themes
- Compliance & Audit Trail: Monitor restricted lists and flag activity for compliance
- Collaboration Tools: Share notes, create threads, and capture decision context
- Centralized Repository: Store and search proprietary and external research
- VerityData
- InFilings: Analyze 10-Ks, 10-Qs, press releases, and footnotes
- InsiderScore: Monitor insider buying, stock buybacks, and management changes
- Data Feeds & API: Integrate structured signals into your own models
- InFilings: Analyze 10-Ks, 10-Qs, press releases, and footnotes
- VerityESG
- Engagement Tracker: Record and report on ESG engagements across teams
- Outcome Reporting: Measure progress and outcomes over time
- Audit Support: Maintain a defensible record for stewardship and proxy teams
- Engagement Tracker: Record and report on ESG engagements across teams
6. Hebbia
Hebbia is an AI platform designed to enhance knowledge work in sectors such as finance, law, and Fortune 500 companies. Founded in 2020 and based in New York, Hebbia’s flagship product, Matrix, uses AI agents to break complex tasks into actionable steps. The platform enables users to extract, structure, and analyze millions of documents, automating workflows with generative AI. With its approach to enterprise search and document analysis, Hebbia aims to streamline decision-making and improve productivity in regulated industries.
Key Features
- AI-Powered Document Analysis: Capable of reading and comprehending unstructured, private data across various document types.
- Neural Search: Enables users to ask complex questions using natural language, searching across thousands of documents to provide instant, accurate answers.
- Multi-Modal Processing: Can reason over charts, tables, and process various document types including PDFs, images, email chains, and presentations.
- Workflow Automation: Decomposes complex tasks into single steps executed by AI agents, allowing for end-to-end process automation.
- Infinite Context Window: Provides comprehensive reasoning across extensive document sets.
- Enterprise Security: Built for regulated global institutions with end-to-end encryption.
- Customizable Dashboards: Allows users to collaborate, edit, update, and co-work with AI models in the Matrix interface.
7. BamSEC
BamSEC, is a financial research tool that streamlines how investment professionals use SEC filings and earnings transcripts. As a search engine and data extraction tool, BamSEC allows users to search, access, manipulate, and extract financial data from SEC filings and earnings call transcripts. It simplifies investment and market research by enabling users to download tables, link key financials to models, and conduct smart searches through public documents. Designed to enhance collaboration, save time, and improve research workflows, BamSEC serves over 100,000 investors and bankers each month. BamSEC is now owned by Alphasense.
Key Features
- Advanced Document Search: Enables users to search through millions of SEC filings and transcripts quickly and efficiently.
- Data Extraction: Allows users to download financial tables directly to Excel, saving time on manual data entry.
- Document Comparison: Highlights changes between different versions of filings, making it easy to identify updates and amendments.
- Earnings Call Transcripts: Provides access to S&P transcripts, including earnings calls and other company events.
- Real-time Email Alerts: Notifies users of new filings or transcripts for watched companies.
- Collaboration Tools: Offers highlighting, sharing, and linking features to enhance teamwork.
- Insider Transactions and Institutional Ownership: Provides quick access to buying and selling activities of insiders and institutional investors.
8. Fiscal.ai (formerly FinChat)
Fiscal.ai is a financial data platform that provides global coverage of public companies, ETFs, and funds. It includes standardized and as-reported financial statements, company-specific KPIs, ownership data, analyst estimates, and aggregated investor relations content such as filings, transcripts, and presentations. The platform offers APIs, customizable dashboards, and fast data updates with full sourcing.
Key Features
- Global Financial Data: Access to accurate fundamental data on global stocks, ETFs, and funds.
- Company-Specific KPIs: Detailed business segment metrics and key performance indicators tailored to individual companies.
- Investor Relations Content: Aggregated access to earnings calls, transcripts, slide decks, press releases, investor days, and filings.
- Ownership Data: Insights into ownership data and transactions for company insiders and prominent investors.
- Analyst Estimates: Consensus analyst forward estimates and recommendations on key financial figures.
- Dashboards: Customizable dashboards to track portfolios and watchlists with personalized notifications and tables.
- Data Visualization: Advanced charting infrastructure for easy visualization and comparison of data.
- Earnings Calendar: A comprehensive calendar to keep track of upcoming earnings releases.
- APIs: Access to Fiscal.ai data through their APIs.
9. Fintool
Fintool is an AI-powered financial research platform designed for public equity investors and investment professionals. Launched in 2024, it processes a range of of financial data, including SEC filings, earnings call transcripts, and conference presentations in real time. Fintool uses multiple AI models, such as GPT-4, LLama 3.3, Claude 3.5, and Google Gemini, to provide insights and analysis. The platform features real-time document processing, advanced screening tools, and a verification system to support financial document analysis and financial modeling.
Key Features
- AI-Driven Insights: Utilizes multiple AI models including GPT-4, LLama 3.3, Claude 3.5, and Google Gemini to analyze financial data.
- Comprehensive Data Processing: Processes over 70 million document chunks and 5TB of data in real-time.
- Screening Tools: Offers company screeners for industry trend analysis.
- Real-time AI Feed: Provides instant updates on financial news and SEC filings.
- Verification System: Employs a three-agent system for source verification and fact-checking.
- Customizable Alerts: Allows users to configure alerts for specific companies and information types.
- Document Analysis: Processes SEC filings (10-K, 10-Q, 8-K), earnings call transcripts, and conference presentations.
- Data Visualization: Organizes unstructured data, financial metrics, and KPIs into easy-to-use tables.
- Private Data Integration: Offers secure upload and integration of proprietary data for comprehensive analysis.
10. Perplexity AI
Perplexity AI is an AI-powered search engine that transforms how users find information. It combines large language models with real-time web search to provide direct answers instead of just links. Unlike traditional search engines, Perplexity generates comprehensive responses, cites sources, and allows natural follow-up questions. It also offers features like multimodality, file uploads, and project collaboration, making it a versatile tool for research, content creation, and data analysis across industries. Perplexity’s ability to provide real-time updates and source-specific information ensures that users access the most current and reliable data. In October 2024, it introduced finance-specific features to better serve financial professionals.
See our blog post on 10 alternatives to Perplexity.
Key features for finance professionals:
- Real-time Insights: Perplexity AI provides up-to-date market data and financial analysis.
- Advanced Search: The platform combines AI search with real-time web data to deliver precise answers.
- Market Analysis: Perplexity offers detailed analysis of financial trends, stocks, and economic indicators.
- Source Citation: The platform cites sources for all information, ensuring reliability.
- Multimodal Functionality: Perplexity supports text, charts, and graphs for a richer data experience.
- Natural Language Queries: Users can ask questions in natural language for ease of use.
- Data Integration: Perplexity integrates with existing financial tools for efficient workflows.
While Perplexity can be a useful tool in some basic research, Perplexity and similar generalist AI tools often fail in investor specific workflows. Check out our posts comparing the Hudson Labs Co-Analyst to various generalist AI models for more details:
- Hudson Labs Co-Analyst vs. Perplexity AI
- Hudson Labs Co-Analyst vs. ChatGPT
- Hudson Labs Co-Analyst vs. OpenAI's o3
If you have held back from integrating AI due to concerns over hallucination, prompt engineering, or inconsistent results, Hudson Labs is purpose-built to solve those problems—out of the box. Sign up for a 14-day free trial of Hudson Labs today. Get the data you need — fast, precise, and verifiable.
Interested in more tools to take your investment analysis workflow to a new level? Check out our other lists of various investment research tools in financial markets:
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