"The Essential Research Analyst Qualification Examinations Series 86 and 87 Study Guide by TM Hog®" is your comprehensive companion for preparing for the Series 86 and 87 qualification exams. This study guide is designed to help you master the essential knowledge and skills required to excel in these exams and become a proficient research analyst. Key Features of the Study Guide: Series 86 Function 1: Information and Data Collection: This section covers the critical aspects of gathering macroeconomic data, including economic indicators, market forces, fiscal and monetary policies, government statistics, and more. You'll learn how to assess short and long-term trends and key economic drivers. Additionally, it delves into collecting information about the industry sector, its status, trends, product demand, and relationships among companies within the sector. Series 86 Function 2: Data Verification and Analysis: Explore the art of analyzing data obtained about companies. This section covers fundamental analysis, business plans, factors influencing profits, corporate actions, accounting practices, financial ratios, and corporate governance. Series 86 Function 3: Valuation and Forecasting: Gain expertise in making financial projections about companies, evaluating assumptions, and determining valuations using various methods such as price-earnings ratios, debt ratios, dividend discount models, and more. Series 87 Function 4: Preparation of Research Reports: Understand the regulatory requirements, disclosure mandates, SEC Regulation AC certification, conflict of interest management, and FINRA rules essential for preparing research reports. Learn to craft various research reports, including those for initiating coverage, earnings analysis, fundamental reports, topical reports, short notes, and industry reports. Dive into the components that make up comprehensive reports. Series 87 Function 5: Dissemination and Marketing of Information: Discover how to effectively present and discuss research with different stakeholders, from retail and institutional clients to trading departments, management, press, media, and other research teams. Learn about FINRA rules governing dissemination and the circulation of rumors, as well as the key regulations like the Securities Act of 1933 and the Securities Exchange Act of 1934. "The Essential Research Analyst Qualification Examinations Series 86 and 87 Study Guide by TM Hog®" is a valuable resource that not only helps you prepare for the exams but also equips you with the knowledge and skills needed for a successful career as a research analyst. With its comprehensive coverage of essential topics and practical insights, this study guide is your pathway to excellence in the field of financial research. Philip Martin McCaulay is a seasoned author and finance expert with a strong track record in the field of investments. With a history of selling over 25,000 study guides across diverse domains, including finance, pensions, real estate, mathematics, and investments, he is a highly trusted figure in the industry. Since embarking on his writing career in 2008, he has authored and sold more than 5,000 study guides and practice exam books focused on investment-related exams, spanning the Series 6, Series 7, Series 22, Series 57, Series 63, Series 65, Series 66, Series 79, Series 82, Series 86/87, and the Series 99. With an educational foundation in mathematics from Indiana University, he holds titles such as Fellow of the Society of Actuaries (FSA) and Enrolled Actuary (EA). He excels in evaluating investment vehicles, analyzing Statements of Investment Policy, mitigating investment risks, and optimizing investment strategies to align with cash flow needs. His proficiency in asset/liability management strategies and long-term rate of return estimation for investment portfolios positions him as a trusted advisor to pension plan sponsors.