Issuers compared with Morrow Sodali

Morrow Sodali alternative for shareholder identification

Issuers is a Morrow Sodali alternative for US listed small and mid caps that want to follow institutional ownership every quarter and act on it with targeting, a CRM and fund briefs. Public starts at $1,499 a month billed yearly. Morrow Sodali work is scoped by quote, and holders behind nominee accounts, plus proxy campaigns, stay with an advisory firm.

An IR officer reviewing quarter over quarter changes in the top institutional holders

01 Direct answer

Global advisory firm or one US IR workspace

Morrow Sodali fits issuers that want an advisory team for governance, proxy work and shareholder identification across several markets. Issuers fits a US small or mid cap that mainly needs to see who owns the stock from SEC filings, then manage the follow up in a CRM with an IR website and disclosure approvals in the same subscription. The two are often used together, with the filings layer in Issuers and the advisory work bought only when an event calls for it.

02 Comparison

Morrow Sodali and Issuers side by side

Descriptions of Morrow Sodali come from its public website and news pages. Where a capability is not described there, treat it as a question for the vendor rather than a claim about everything Morrow Sodali sells.

Comparison of Issuers and Morrow Sodali
Topic	Morrow Sodali	Issuers
Who they are	Global governance and capital markets advisory firm that serves issuers across many countries, with shareholder engagement, proxy and capital markets intelligence services.	Self-service IR software built around US issuer filings, sold by subscription.
Capital markets intelligence	A monitoring program covering shareholder tracking, market surveillance and strategic analysis, as described on its site.	Quarterly institutional ownership from 13F, 13D and 13G filings, with buyers, sellers and new positions after each filing deadline.
Holders behind nominee accounts	Shareholder identification reports are described on its site, in some markets delivered with local partners. Confirm US scope and fees in a proposal.	Not covered. Non-objecting beneficial owner lists come from your broker or transfer agent and can be imported into the CRM.
Proxy solicitation and governance advice	Core services for annual meetings, contested votes and governance questions.	Not offered.
Investor targeting and CRM	Delivered through the advisory team.	Target lists with fit scores, one page fund briefs and an investor CRM with meeting history.
IR website and disclosure approvals	Not the focus of the engagement.	Hosted IR website and an approval chain with a 7 year audit trail on Public and Enterprise.
Pricing	No public price list found in the sources we reviewed. Engagement based quote.	Growth $499, Public $1,499 and Enterprise $3,999 a month billed yearly.
Buying process	Scoping call and proposal.	Self-service checkout. No sales call.
Best for	Large or multinational issuers, SPAC sponsors and any company facing a contested meeting.	US small and mid caps that want to track institutional ownership every quarter at a listed price.

For the product detail, see shareholder identification, the investor relations CRM and the ingage alternative page.

Morrow Sodali is a name of its respective owner, used only to identify the product compared. Descriptions reflect public information at the time of writing. Confirm current scope and terms in your proposal.

03 Morrow Sodali strengths

When Morrow Sodali is the better buy

Multi-country shareholder work

A company with holders spread across several countries, or most of its register in street name, benefits from an advisory firm that can run the formal requests market by market. Issuers reads US filings and cannot see below the 13F level.

Proxy solicitation and governance advice

A quorum problem, a say on pay worry or an activist approach calls for a firm that speaks to holders and advises the board. Issuers does not solicit votes or give governance advice.

Contested meetings

SPAC sponsors, cross-border listings and issuers expecting a contested meeting usually need a firm with local teams. A US small cap with a stable register rarely needs that every quarter.

04 Issuers strengths

When Issuers is the better buy

A known price for the filing layer

Plans are listed on the pricing page and bought through checkout. Public at $1,499 a month billed yearly is $17,988 a year, with the website, CRM, ownership data and approvals included.

Your team publishes

News, results, presentations and governance pages are updated by your staff in the IR website module, without change requests to an agency. Counsel and the CFO still approve what goes live.

Approvals and CRM behind the site

The disclosure approval workflow keeps decisions with an audit trail, and the investor relations CRM holds contacts and meeting history in the same workspace.

05 Cost worksheet

Build the comparison worksheet from your proposal

Ask Morrow Sodali for the fee per analysis, how many analyses a year are included, intermediary and data charges, and what a renewal costs. These are questions for your proposal, not a claim that Morrow Sodali charges for each item.

Record the term, what you own at the end (reports, holder lists) and who can see the data. Then add what you pay today for a separate IR website, approvals and CRM, since those sit in one Issuers plan.

For a US issuer that wants the website, ownership data and approvals, use Public as the comparison: 25,000 contacts, 120 briefs a month, 10 seats and a 7 year audit log.

Subscription inputs for your worksheet

Morrow Sodali fee per analysis: your written proposal
Morrow Sodali scope and intermediary fees: confirm in the proposal
Growth, billed yearly: $499 a month
Public, billed yearly: $17,988 a year
Public, month to month: $2,999 a month
Enterprise, billed yearly: $3,999 a month

06 Move plan

Use both without double work

Step 1

Get the holder list

Ask for the latest holder analysis as a spreadsheet and confirm you can keep it after the engagement.
Step 2

Load the CRM

Import the contacts into the investor relations CRM and compare them with 13F, 13D and 13G ownership of your own ticker.
Step 3

Log every conversation

Use one page briefs for each fund meeting and record outcomes so the history sits next to the ownership data.
Step 4

Scope the next engagement

Once a quarter of ownership change is in Issuers, buy outside work only for what the filings cannot show, such as nominee accounts or a proxy campaign.

Questions

Morrow Sodali alternative questions from CFOs and IR leads

What is a good alternative to Morrow Sodali for shareholder identification?

Issuers is a good alternative when your need is quarterly institutional ownership from SEC filings, with a CRM and briefs to act on it, from $499 a month billed yearly. Keep Morrow Sodali or a similar advisory firm if you need holders behind nominee accounts across several countries or help with a contested vote.

How much does Morrow Sodali cost for a small cap issuer?

We found no published Morrow Sodali fee schedule, so treat it as an engagement quote. Ask what the scope covers, how many reports a year are included, any third party data charges and how renewal works. Issuers lists Growth at $499, Public at $1,499 and Enterprise at $3,999 a month billed yearly.

Does Issuers replace a proxy solicitor?

No. Proxy solicitation, vote projections and contested meeting support stay with a specialist. Issuers helps before the meeting by showing who your large holders are and logging every conversation with them, so the solicitor starts from a current list.

Can Issuers see holders outside the US?

Only where they file in the US. Issuers reads 13F, 13D and 13G filings, so a non-US manager that never files in the US will not appear. For a company with a large register in Europe or Asia, a regional shareholder identification report is still the right tool.

Check your own holder list before you scope a retainer

Read a sample ownership snapshot from public SEC filings. Public adds shareholder identification, the IR website and disclosure approvals at $1,499 a month billed yearly.

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