“Those who listen to Tom Lee make a lot of money for their clients.”
— Institutional Investor

About FS Insight

No wonder Wall Street’s got the word ‘wall’ in its name.

For too long, it’s been walled off, reserved for the chosen few. A rigged game in which only the big dogs had the power and information to succeed.

Not fair, right?

Well, FS Insight decided to do something about it.

To stand up to the big dogs, we needed some big dogs of our own, so we created a super team.

The captain? Tom Lee. A financial sage with 25 years of Wall Street experience and a Midas touch with the markets.

His teammates? Mark Newton, Sean Farrell... and the legendary Tireless Ken himself – Ken Xuan. All battle-tested, with decades of Wall Street cred under their belts. All MVPs in their own right. All pound-for-pound outperformers.

Together, they aim to break down Wall Street’s walls and democratize top-tier financial research. To make it readily available, more accessible, much-much easier to digest.

And because, as an independent research boutique, we’re driven by data and not groupthink, we can be bolder and embrace new ideas faster. Just as we did with blockchain, crypto, and all things DeFi.

FS Insight exists so smart investors can see a fuller picture before making decisions. Our strategy combines evidence-based methodologies and contrarian perspectives to point you in the right direction – no matter the market conditions.

We make bold, game-changing, successful calls, time after time. With deep conviction. Backed by data.

Our products? Macro and crypto research, ⚡FlashInsights, webinars, Signal from Noise reports, Granny Shots, and more.

The upshot?

If you want a differentiated approach to market strategy, don’t make a move without FS Insight.

Tom Lee speaking

Our Vision

Putting money to work in equities and credit today requires a thoughtful perspective on global events. Macro analysis is no longer just for macro traders. With hundreds of hedge funds and other active asset managers not able to outperform in this bull market, it’s evident now that portfolio positioning matters just as much as stock picking. Our forward-thinking team draws on over 100 years of combined experience on Wall Street to help you block out the market “noise” and analyze the fundamental, technical and sentiment data you need to make informed and actionable investment decisions.

Using comprehensive data since the 1900s, we look at key drivers and relative valuation for the 11 primary sectors as well as selected industries. With a focus on businesses with pricing power or secular opportunities, we publish ideas before the consensus discovers these companies. FS Insight provides a roadmap for investors to understand the current equity market environment and the tools to generate outperformance. We look to identify the relevant investment opportunities for our clients, using a differentiated data set, including census data, economic activity and historical trends, and demographic and social trends.

Our teams produce primary research along five product verticals:

  • Portfolio Strategy
  • Crypto-currencies
  • Quantitative Strategy
  • Technical Analysis Strategy
  • Washington, D.C. Policy

We are recognized as one of the only institutional research firms providing comprehensive market analysis and price analytics for cryptocurrencies and blockchain technology. FS Insight is a pioneering thought leader in this rapidly growing investment space. Our digital assets research bridges the gap between the tech and investment worlds, providing investors with a framework for understanding fundamental valuations and market risks, and critical benchmarking tools.

We have established leadership in this space—since launching our crypto-currency research, we count more than 10% of all crypto-funds, representing ~33% of crypto assets under management as our paying clients. We are effectively the only paid research subscription service in crypto with widespread adoption. For example, our Crypto-currency research products include, among other products, a proprietary valuation framework for the valuation of Bitcoin and major crypto-currencies, and a Crypto-currency and Bitcoin mining and security model.

New York Statue of Liberty
Tom Lee On-Air on CNBC

Clients First

FS Insight is committed to serving our clients’ interests alone. As an independent research firm, our views are insulated from the potential conflicts possible in research from traditional Wall Street banks and other financial institutions. FS Insight answers to no one but our clients.

Our mandate is to provide you with our latest macro, equity and crypto currency strategies. We are data-driven and focused on producing unique, non-consensus independent research. We don’t follow the herd.

“Tom provides excellent analytical and creative research which focuses on variant perceptions from consensus expectations”
“Tom does a huge amount of work and he doesn’t rely on hunches. All of his arguments are data driven.”
Thomas Lee was one of the first “traditional finance” professionals talking about Bitcoin.
“Your services and your info has been my ‘Thor’s hammer’”

Our Team

Tom Lee, CFA

Co-founder and Head of Research

Thomas Lee is a Managing Partner and the Head of Research at FS Insight. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding FS Insight, he served most recently as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014, and previously as Managing Director at Salomon Smith Barney. His areas of expertise include Market Strategy, Small/Mid-Cap Strategy and Telecom Services.

L . Thomas Block

Washington Policy Strategist

L. Thomas Block is the Washington Policy Strategist at FS Insight, and also President of Tom Block Consults, a public policy consulting firm. Prior to starting his firm, Tom had a 21-year career at JP Morgan Chase, where he served as Global Head of Government Relations and created a Washington Research product for the firm. For 17 years he served as the senior lobbyist responsible for managing political relationships with the US government, state and local governments, and the EU and its member states. He created the bank’s EU Government Relations program. Prior to joining JP Morgan Chase in 1987, Tom was a vice president at Irving Trust Company.

Sean Farrell

Head of Crypto Strategy

Sean Farrell is the Head of Crypto Strategy at FS Insight. Prior to joining FS Insight, Sean was a manager in the Transaction Opinions group at Alvarez & Marsal, and previously worked as an associate with Anvil Advisors.

Mark L. Newton, CMT

Head of Technical Strategy

Mark L. Newton is the Head of Technical Strategy at FS Insight. As a former managing member/Owner of Newton Advisors LLC, Mark has more than 25 years of buy and sell-side experience in the financial services industry. He formerly worked with Diamondback Capital Management and Morgan Stanley in New York City as their technical strategist. Before moving to the New York City area in 2004, Mark traded equity options as a market maker/floor trader at the CBOE and worked in risk management. Mark is a member of the Market Technicians Association and a former member of the CBOE, CBOT, and PHLX.

Ken Xuan, CFA, FRM

Head of Data Science Research

Ken Xuan is the Head of Data Science Research at FS Insight where he optimizes and tests FS Insight’s proprietary portfolio models. He also manages and maintains FS Insight’s cryptocurrency and blockchain databases. Ken started his career at West Monroe Partners as an operations strategy consultant.

Matt Cerminaro

Research Associate

Matt Cerminaro is a Research Associate at FS Insight. Prior to joining Fundstrat, Matt interned at Fitch Ratings and was a frequent contributor on Seeking Alpha under the pseudonym "The Black Sheep". Matt graduated from Union College with a B.A. in Economics, minor in Classics, and was a member of the Dutchman football team.

Tom Couture

Crypto Strategy Associate

Tom Couture is a Crypto Strategy Associate at FS Insight. Prior to working at FS Insight, Tom worked at KPMG as a management consultant in their Financial Services Solutions group. Tom holds a B.A. in Finance and Business analytics from Villanova University.

Diego Czul

Web Developer

Mr. Czul’s experience in technology covers Bioinformatics, Aerospace Engineering, and Algorithmic Trading in financial markets. He has developed extensive information systems involving real-time data in fixed income, forex, commodity and cryptocurrencies powered by artificial intelligence and natural language processing. Cryptocurrency enthusiast since 2014, his expertise covers AI, technology, data-mining, blockchain, cryptocurrency and macroeconomic trading.

Kent Fung

Vice President

Kent Fung is a Vice President at FS Insight. Prior to joining FS Insight, Kent was a senior operational risk research analyst at Algorithmics, an IBM company. He holds a B.A. in Economics from the University of Chicago.

Carrie Presley

Head of Media Production

Carrie Presley is the Head of Media Production at FS Insight. Carrie has over 10 years of corporate accounting experience and is nationally recognized for instructional innovations in technology. Most recently, Carrie founded a blockchain software engineering and education company, developing programs for decentralized applications. Carrie received her BBA from the University of Oklahoma in Accounting.

Alexandra Sinsheimer

Research Associate

Alexa Sinsheimer is a Research Associate at Fundstrat Global Advisors. She graduated Cum Laude from the University of Pennsylvania with a B.A. in Political Science and a concentration in Political Economy.

Walter Teng, CFA

Vice President of Crypto Strategy

Walter Teng is the Vice President of Crypto Strategy at FS Insight. Previously, he has held roles at Amazon and other PropTech startups. Walter holds a BA in Economics from University of Michigan and MSc in Financial Analysis from London Business School.

Maximilian Motz

Max Motz is a Research Associate at FS Insight. Prior to working at FS Insight, Max interned at Diamond Standard where he spent his time writing a comprehensive 44-page book on diamond investments. Max graduated magna cum laude from Tulane University with a B.S. in Finance and Computer Science and a minor in Accounting.