When a consultant with an affiliated brokerage firm offers specific brokerage consulting advice, the number of questions involved grows exponentially.
First, pensions are unwilling to pay much for objective investment consulting advice.
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Consultants who earn fees from money managers and are subject to conflicts of interest can afford to provide consulting advice for little or no money since the money managers are really paying them.
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On conflicts of interest, some maintain that for uncontroversial legal work, potential clashes could be avoided if clients granted them express permission to act for a rival, as routinely happens, for example, for consulting advice.
AA's Global 1, 000 initiative, which touts everything from consulting to legal advice to the world's largest firms, some non-audit colleagues worry that he does not fully understand their business.
And in this economy some patients are consulting their pharmacists for advice instead of spending money to see a doctor, Owen says.
So says Imran Shah, a cofounder and managing partner of IBB Consulting, which offers advice to broadband-related product and service providers in cable, mobile and media.
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Pensions historically have been unwilling to pay higher stated consulting fees for truly independent advice.
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Clients are now looking before they leap, asking specialists such as the Gartner Group for advice on the consulting market.
Kennedy forecasts that consulting on operations-management (advice on how to do the same things better) will grow by 5.1% a year, that on IT by 3.9% and that on personnel by 4.0%, between 2010 and 2014.
And the jirga, the peace consultative jirga is intended for consulting the Afghan people, taking their advice on how and through which means and which speed should the Afghan government proceed in the quest for peace.
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Did consulting hero PwC give the same strong advice it gave Bear Stearns in 2006 about best practices for repurchase claims and reserves to its real audit clients JP Morgan Chase, Bank of America, and PNC Bank?
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Avi Dan is the founder of Avidan Strategies, a marketing consulting firm that specializes in business and marketing advice, agency search and compensation, and advertising strategy.
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For the authors, their trade deficits with Cambridge restaurants, airlines taking them to junkets around the world, and Newbury Street clothiers are their certain rewards for trade surpluses run with their employers at HBS, the publisher of their book, and the businesses that pay them consulting fees in return for the kind of advice that would bankrupt most any business if actually followed.
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The pension has paid numerous investment, legal and consulting firms handsomely (from fund assets) for conflicted advice to support the hedge fund plunge.
It comes in the wake of long-held suspicions that the 1, 700-member pension consulting industry operates a "pay-to-play" system in which the advice it dispenses to pension funds is tainted by its own financial interests.
According to Spectrem Group, the financial consulting firm, only 36% of affluent Americans last year believed they needed very little investing advice, down from 42% in 1999.
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O.s liked having a house guru, a firm whisperer, on call, and the nature of the relationship gave Bain an interest in something that other consulting companies had little reason to care about after they collected their fees, which was whether the advice they sold actually helped the company do better.
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