About ModernIR

Based in Denver, CO, and launched in January 2005, ModernIR helps public companies understand and navigate the changing marketplace for public equities by applying math, science and technology to market structure.  We invented Market Structure Analytics, and we’re the No.1 provider of quantitative equity-market analytics to US-listed issuers. Companies use our analytics to manage market Controllables and measure everything else.

Our Philosophy

21st-century investor-relations can’t be the same as 20th century investor-relations.  Our profession used to center around “telling the story” to investors.  Today, it’s managing four scorecards:

1. IR 1.0 — The Story.  Still relevant but just one feature.

2. ESG.  IR is the gatekeeper for the shift toward quantitative data — and it will drive quantitative trading too for that reason — on environmental, social and governance factors.  Standards have a ways to go yet.

3. Alternative Data.  IR today must understand how the buyside consumes every form of data, from satellite views of parking lots to scraped jobs data on the web, to know more about your business in realtime than perhaps even you do.  You need to keep up on it.

4. Market Structure.  We manage scorecard #4, and the only part of the IR purview that directly sets price.  Buyers and sellers set your price. About 90% of your volume isn’t rational anymore.  That’s just a fact, and a function of changing asset-management behavior.  It’s your job to use these data to measure what creates or impedes shareholder value and inform your internal audiences.  Data is far more than “what’s setting price.”  It’s:  activism, deal-arbitrage, index-reweightings, spinoffs, buybacks, shorting, trading anomalies, why you’re not tracking your peers.  It’s helping your executives and board directors know why money behaves the way it does today.  We make that duty easy, fun and informative.

Our Guarantee

We guarantee to provide the best client-support in the profession.  We’ve spent 15 years crafting our reputation for gold-standard service, and we promise to commit every effort to earning your trust, satisfaction and appreciation, every day.  You’ll never wait for answers.  You’ll always have more than one member of our team at your disposal.  And we guarantee our analytics will provide a unique and comprehensive quantitative perspective on market behavior you’ll get nowhere else.  We’re the IR profession’s Market Structure Experts.

Management

Tim Quast
Founder and President

Tim Quast

Tim Quast is an Investor-Relations veteran and founder and President of Modern IR. ModernIR, launched in 2005, pioneered market-structure analytics that quantify the behavior of money behind stock-trading for investor-relations professionals.

Previously, Tim served as the first investor relations officer at SureWest Communications (Nasdaq:SURW), and before that, Tim spent six years at retail investor-relations services company Informed Investors, Inc., where he was a co-founder, and President and Chief Operating Officer through its merger with Wilink Plc (PrecisionIR) in 2001.

Tim began his capital-markets career in boutique investment banking at QBF Management Co., a private-banking British Virgin Islands firm, after earning a BA at Ambassador University in 1991.

A NIRI member since 1995, Tim is a frequent speaker and commentator on modern equity trading. His quotes on modern trading have appeared in leading media including the Wall Street Journal, Bloomberg, Financial Times of London, Reuters, Dow Jones, The Denver Post, Traders Magazine, The Securities Technology Monitor, and The New York Times.

Karen Quast
Chief Operating Officer

Karen Quast joined Modern IR in March 2010 as Chief Operating Officer. She leads the finance, tax, accounting, software development, legal and marketing functions of the business.

Previously, Karen worked 18 years in a variety of roles for DCP Midstream, a joint venture between ConocoPhillips and Spectra Energy, and various predecessor companies. During her tenure at DCP Midstream, she participated in the initial public offering of DCP Midstream Partners (NYSE: DPM) and was the first investor relations officer for this energy partnership.

Karen began her career at Price Waterhouse and received her CPA certification after earning a bachelor of business administration degree in accounting from Texas A&M University in 1989.

Brian Leite
Vice President of Client Services

Brian Leite

Brian Leite is the Vice President of Client Services for ModernIR. In that role, Brian utilizes his nearly twenty years of institutional sales and trading experience to guarantee superior market structure coverage for our clients.

Prior to joining ModernIR, Brian was a Senior Vice President of equity sales and trading for Kaufman Bros. where he provided sales trading coverage to West Coast institutional investors from the firm’s San Francisco office. Prior to Kaufman Bros., Brian was a Vice President of sales trading for Needham and Co. in San Francisco also covering West Coast institutional investors.

Brian began his career on the Los Angeles floor of the Pacific Stock Exchange working as an assistant floor broker for Kemper Securities. He subsequently held positions at Wedbush Securities and Bank of America as a NASDAQ market maker focusing on technology, healthcare, and consumer stocks. Brian holds a master’s degree in economics from the University of Southern California and a bachelor’s degree in economics from the University of California, Irvine.