Standard & Poor's Investment Advisory Services provides a range of independent, custom-tailored analysis and recommendations to financial organizations throughout the world. Also known as SPIAS, the company caters to the needs of brokerage houses and mutual fund and insurance agencies. It acts as nondiscretionary advisor for equity portfolios and helps in the development of stock-based strategies. In addition, Standard & Poor's Investment Advisory Services offers assistance with fund research and asset allocation. The company provides multimanager strategies to meet the individual needs of investors. It is a part of Standard & Poor's Financial Services, which is a subsidiary of The McGraw-Hill Companies.