Independent • Validated • Conflict-Free

America's Independent
Stock Risk Rating Agency

25 years of validated predictions. 433,500+ ratings tracked. Zero conflicts of interest. Built for fiduciaries who demand defensible process and superior outcomes.

25
Years Validated
433K+
Ratings Tracked
91%
Bankruptcies Flagged
0
Conflicts of Interest

Wall Street Has a 95:5 Buy-to-Sell Ratio. We Have 25 Years Proving Which Stocks to Avoid.

Investors lost over $26 trillion in the last three market crashes. Not because crashes are unpredictable—but because Wall Street doesn't measure or disclose loss probability.

Pharmaceuticals must disclose every risk. Stocks face no such requirement. The industry operates on narrative and opinion, not science and probability.

95:5
Wall Street Buy-to-Sell Ratio
$26T
Lost in Last 3 Crashes

Cumulative Investor Losses in Three Market Crashes

2000-02
$7.0T
2008-09
$10.9T
2022
$8.4T

Source: Federal Reserve Flow of Funds, ERS analysis

Scientific Research for Investment Decisions

ERS delivers what S&P and Moody's provide for bonds—independent, validated risk ratings—but for stocks. A measurable, testable, auditable framework built on 12 years of development and 25 years of validation.

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Proprietary Risk Ratings

9 proprietary ratings including FSN™, Loss Indicator™, and 4D Risk™ measure statistical probability and magnitude of stock price changes across 3,000+ companies.

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Portfolio Risk Analysis

Upload client portfolios and receive instant risk assessments. Identify hidden vulnerabilities before they become losses with quantitative precision.

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Fiduciary Documentation

Every recommendation includes documented rationale—clear, auditable evidence of the disciplined process you've outlined in your ADV Part 2A.

Active Risk Monitoring

Continuous monitoring with real-time alerts when risk metrics change. Don't wait for quarterly reviews—know when risk shifts immediately.

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Model Portfolios

Three curated portfolios—Resilient Value, Resilient Income, Small-Cap Growth—built using our validated ratings. Live performance tracked and independently verified.

Independent Verification

We welcome audits. Submit any 2 of our 9 proprietary ratings to McKinsey, PwC, or Deloitte for independent verification. We don't hide behind black boxes.

25 Years of Validated Predictions

Our FSN™ (Fiduciary Stock Navigator) rating has been tracked across 433,500+ data points from 2000 to 2025. The results speak for themselves.

FSN™ Study: Average 1-Year Return by Rating Grade

December 31, 2000 to December 31, 2025 • 433,500 ratings sampled

A+
33.3%
A
21.0%
B
17.4%
C
13.5%
D
10.8%
E
5.8%
F
-1.5%
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A+ Stocks: 33.3% Returns

Stocks rated A+ delivered average annual returns of 33.3%—more than 4x the S&P 500.

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F Stocks: -1.5% Returns

Stocks rated F produced negative average returns. The ratings clearly separate winners from losers.

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91% Bankruptcy Detection

Our Loss Indicator™ flagged 91% of eventual bankruptcies at least 2 years before failure.

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Raymond M. Mullaney

Founder & CEO

49 Years Building What Wall Street Won't

Ray Mullaney has spent nearly five decades developing quantitative methods to protect investors. His track record of documented, public predictions—validated by market outcomes—demonstrates the difference between science and speculation.

1986 Front page of New York Times warning of market crash—which occurred in 1987
2000 Submitted reports to SEC identifying GE and Cisco as overvalued—both collapsed within weeks
2020 Forbes interview: Rated Bristol-Myers high-risk (lagged S&P by 70%) and BorgWarner strong (beat by 50%)
2013 Began building ERS rating systems with co-founder Thomas Harpin
2025 ERS platform live with 25 years of validated predictions across 433,500+ ratings

As Featured In

Why ERS Is Different

We're not another research platform. We're the only independent stock risk rating agency with validated predictions.

Capability ERS Wall Street Research Morningstar DIY Analysis
Independent (Zero Conflicts) Partial
25+ Year Validation
Quantified Loss Probability
Fiduciary Documentation Partial
Real-Time Risk Alerts Partial
Open to Third-Party Audit N/A
Bankruptcy Early Warning ✓ (91%)

Ready to See the Data Behind the Claims?

Schedule a demo and we'll show you how our ratings would have performed on your actual portfolio.