Investment consultants provide various services, such as investment policy development asset allocation analysis, asset liability modeling, investment manager search and selection, performance measurement and evaluation, and customized educational programs.

FORBES: Investment Consultants: It's Time to Clearly Define Their Role (June 1, 1995)

Instead, experience in the strategic aspects of compensation, including performance measurement, peer group selection, and methods of aligning pay and performance in incentive design, have become much more important in providing sound compensation advice.

FORBES: When Familiarity Breeds Complacency: Factors to Consider When Selecting a Compensation Consultant