Richard J. Sprague

Founded by Ned Davis in 1980, Ned Davis Research, Inc. (NDR) is an independent institutional investment research firm and registered investment advisor located in Venice, Florida. The firm is a subsidiary of Euromoney Institutional Investor Holdings, Inc., an indirect wholly-owned subsidiary of Euromoney Institutional Investor PLC. NDR produces and publishes independent financial research and offers customized research services (i.e., investment advisory services). The firm markets the research primarily to registered investment advisors, brokerage firms, asset management firms, and other types of corporations. They also market to pension and profit-sharing plans.