“Our fund had concerns about a potential investment we were considering. While the company we were looking at was outwardly impressive, our investment process required us to get comfortable with the company’s financial practices. We enlisted ECG to both find and interview former employees of the company with an eye toward learning how they were implementing certain accounting and business classification rules, including their decisions about whether to classify simple activities as more complex ones for the purpose of improving their optics to investors. ECG’s investigation helped us conclude that this company was not doing what it said it was doing, and we stayed away. Less than a year later, the company’s stock collapsed in dramatic fashion when it announced it was under a regulatory investigation into some of those exact practices ECG had highlighted for us.”
INDEPENDENT RESEARCH. FAST TURNAROUND. INFORMED CONVICTION.
SINCE 2019Research that
changes the
picture.
Look beyond the narrative. Find the evidence that matters to the investment decision.
INTERNATIONAL PERSPECTIVE.ECG / RESEARCH
Since 2019, Elite Consulting Global has contributed research that informs investment decisions, challenges assumptions, and sometimes reaches the market through research publishers.
EXPERT NETWORK · BEYOND THE GOOGLE SEARCH
Talk to people
who know.
Reach people with first-hand industry knowledge.
Our expert network reaches former employees, industry specialists, customers, distributors, competitors, and other informed sources. Carefully structured interviews can uncover highly valuable positive or negative perspectives that do not appear in filings, announcements, or ordinary web searches.
Our process is designed to avoid material non-public information (MNPI). We seek experience, perspective, and independently verifiable facts—not confidential information.
EXPERT NETWORK · CLIENT TESTIMONIALS
What clients say.
TWO DRAFT TESTIMONIALS — REPLACE BEFORE LAUNCH“The team reached the right industry experts quickly and helped us test the assumptions behind our investment thesis.”
“Their expert conversations added context we could not find through conventional desk research.”
TWO WAYS TO USE THE EXPERT NETWORK
We can conduct the call
or arrange it.
Clients can ask us to interview experts on their behalf, or we can identify the right people, coordinate availability, and arrange a direct conversation between the client and the expert.
Tell us what you need to understand
We clarify the research question, the expertise required, and the compliant boundaries for the conversation.
Reach the right people
We identify relevant specialists, communicate with them, and coordinate a workable schedule.
Our interview—or your direct call
We can conduct and report on the interview, or arrange for the client to speak directly with the selected expert.
Representative visual reconstruction of the expert-introduction process. Engagements are structured to avoid MNPI.
EXPERT NETWORK DUE DILIGENCE · WORKING EXAMPLE
Testing a rumor
at the source.
A hedge fund was assessing a publicly traded gold-mining company after hearing a rumor that the mine was not economically viable. We spoke with numerous industry experts, including one former employee, to obtain informed perspectives from people with relevant, first-hand experience.
A rumor needed testing
The client asked us to look beyond the market rumor and find people qualified to assess the underlying operation. We sought independent sources with no known financial stake or other interest in the company’s outcome—people positioned to offer candid perspectives without an axe to grind for or against the company.
Technical perspective
An industry expert discussed the available technical evidence and the assumptions behind the rumor.
Operating experience
A former employee provided a practical view based on relevant operating experience.
Another informed view
Further industry expertise added another informed perspective on the company and the rumor.
A better-informed decision
Every consulted source spoke positively about the company and disagreed with the viability rumor, giving the client a broader evidence base for its investment decision.
Sources were asked for experience and perspective—not material non-public information.
Representative visual reconstruction of an anonymized engagement. Details have been withheld or generalized for client and source confidentiality.
FAST-TURNAROUND BOOTS-ON-THE-GROUND DUE DILIGENCE · WORKING EXAMPLE 01
The processing plant
that existed on paper.
A client was assessing a company that had publicly announced a major processing plant in Africa. The presentation showed an ambitious facility, and a groundbreaking ceremony had been arranged and published in local newspapers. Our task was simple: establish what was actually there.
A compelling announcement
The company presented renderings of a large processing facility alongside photographs of the groundbreaking ceremony.
The client called us
The investor called. We tracked down the location where the ceremony took place and captured the physical evidence.
No plant. No change.
The proposed location was in exactly the same state as it had been at the groundbreaking ceremony. Nothing meaningful had changed, and no plant had been built.
Within 48 hours, the client had physical evidence that was highly valuable to its investment decision.
Representative visual reconstruction. Engagement details have been anonymized to protect client confidentiality.
PUBLIC-SOURCE FIELD OBSERVATION · WORKING EXAMPLE 02
The trial run
before the announcement.
A client was assessing an autonomous-driving company. Our investigators identified the company location and waited from a lawful public vantage point for its test vehicle to leave.
The vehicle departed
After waiting outside the location, investigators documented an autonomous vehicle leaving the facility with no driver in the front seat.
The route was documented
The team followed at a safe distance while a passenger captured the vehicle operating on public roads and reaching its destination safely.
The trial was completed
Investigators documented the same vehicle returning to the facility after completing the route safely.
The client was able to act on lawfully obtained, publicly observable information—not MNPI.
Representative visual reconstruction of a company-reported, anonymized engagement. Observation was conducted from public vantage points; engagement details have been withheld for confidentiality.
IN-SERVICE TECHNOLOGY VERIFICATION · WORKING EXAMPLE 03
Was the technology
actually in service?
A client wanted to know whether a company’s autonomous-driving technology was genuinely being used in Asia. We sent an investigator to the area where the taxis were reported to operate and verified the service first-hand.
The client called
The question was practical: was the technology operating in a real, publicly accessible service?
The taxi arrived
At the reported service area, the investigator used a phone to request a ride and documented the autonomous taxi arriving.
The technology worked
During the short ride, the investigator photographed the empty driver’s seat, operating display, and safety barrier around the controls.
Three moments documented
The investigator sent photographs of the taxi approaching, the verified interior, and the taxi departing after the ride.
An informed conclusion
We reported that the technology had been observed working and in service, giving the client verified evidence for a better informed investment decision.
A first-hand ride confirmed that the technology was operating in a publicly accessible taxi service.
Representative visual reconstruction of an anonymized engagement. Details have been withheld or generalized for client and company confidentiality.
SAME-DAY MULTI-CITY OBSERVATION · WORKING EXAMPLE 04
Multiple cities.
One live view.
A client wanted to understand the volume and apparent health of business across a large national retail chain. We organized all-day observation of multiple locations in multiple cities, with every team operating from a lawful public vantage point.
A difficult question at scale
The client needed direct evidence of how busy the retailer’s locations were—not another broad market estimate.
Multiple teams, same day
Field observers were mobilized across multiple cities to lawfully log customer traffic and visible transaction activity throughout the day from public vantage points.
The client watched live
From their own office, the client could view simultaneous location feeds while the day’s observations were logged and aggregated.
The client received decision-useful data without leaving their own office.
Representative visual reconstruction of an anonymized engagement. Observation focused on aggregate activity from public vantage points and did not identify individual customers.
WORKING EXAMPLE 05 · ASIA
An eighth-floor address.
A four-floor building.
A company represented that it maintained a location on the eighth floor of a building in Asia. Local verification found that the building itself had only four floors—a simple physical fact that desk research had not resolved.
OUR TRACK RECORD · ESTIMATED & OBSERVED
Insight with
real-world impact.
Our contribution extends beyond the research itself—to investment outcomes and the way the market sees a company.
Research, interviews, and on-the-ground verification for investment decisions.
of millionsof US dollars
We estimate that our research has contributed to client investment profits in the region of hundreds of millions of dollars.
Some research to which we contributed has been published through external research outlets. The companies covered experienced publicly observable market-capitalization changes totaling billions of dollars.
Our contribution to client investment profits is an estimate based on the scope of our work and observed outcomes. Market-capitalization changes are calculated from publicly observable market prices following publication. Those market movements are factual, but reflect multiple factors and should not be attributed solely to our research.
RESEARCH CAPABILITIES
Better questions.
A clearer investment view.
Investment due diligence
Pressure-test the investment thesis.
Investigate the commercial reality behind a company’s narrative through research, interviews, and local verification.
Channel checks & interviews
Go closer to the source.
Build a clearer view through channel checks, expert perspectives, and former-employee interviews.
Market & company research
Put the business in context.
Examine markets, competitors, partners, and industry dynamics to understand what supports—or challenges—the opportunity.
On-the-ground verification
Connect the story to operations.
Bring local knowledge, language capability, and practical investigation to questions that desk research alone cannot answer.
WHEN RESEARCH IS PUBLISHED
Behind the report.
Beyond the headline.
Some of our research has been published through external research outlets. On some publication days, companies covered experienced stock-price movements exceeding 20%.
Many engagements remain private and confidential. For research intended for publication, we contribute the underlying investigation: company and market research, interviews, channel checks, and local verification.
OUR APPROACH
Start with the question.
Follow the evidence.
Define the question
Identify the assumptions, information gaps, and commercial questions that matter to the investment view.
Build the evidence
Connect market research with interviews, channel checks, and on-the-ground observations.
Test the narrative
Compare the company’s story with the evidence and examine where the two diverge.
Our research approach avoids material non-public information and emphasizes careful investigation, clear communication, and local understanding.
In many cases, we can mobilize quickly and return decision-useful information on highly compressed timelines.
LET’S DISCUSS YOUR NEXT QUESTION
What do you
need to know?
Tell us about the company, market, or investment question you are investigating, and the timeline you are working to.
info@consultingelite.com ↗