For example, one large consultant claimed it was not affiliated with any money manager.

FORBES: The Future of the Consulting Industry Speech, (September 19, 2005)

Some funds, especially those with their own trading operations or brokerage policies, find it offensive when managers attempt to persuade them to abandon the brokerage policies or programs they have established and allow the manager to use an affiliated broker instead.

FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)

This consultant and a money manager shared a common parent company and therefore, under the federal securities laws, they were affiliated.

FORBES: The Future of the Consulting Industry Speech, (September 19, 2005)