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Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. Distribution Channels The wealth management landscape consists of a range of distribution channels, ranging from high touch (i.e.,

Banking 78
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Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.

Banking 272
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Is AI the Solution for the Banking Sector? (Part 2: Solution)

Tom Spencer

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Usage of AI in the Banking Sector. Table 1: AI applications across Canadian and US banks (Source: Financial Post, Techemergence).

Banking 84
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3 ways conversational messaging compounds CX growth for banks

1 to 1

The landscape of retail banking is rapidly changing. Physical banks are closing and the age of virtual banking is here. It is causing banks and financial services firms to adapt to a whole new way to provide personalized services. The shift to virtual banking. The business side of messaging.

Banking 32
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The Most Common Money Fears of Consultants & Coaches (and How to Get Over Them)

Consulting Matters

In the past you operated in a compensation model where you do work and then get paid. Now you're operating in a return on investment model where you invest your money, time and talents in your business with the expectation of a return. When I started my business, I was a single mom with only $200 in the bank.

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Human Resources Management – How to Get Started

Tom Spencer

Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. Especially if you join a class structure, such as an “analyst class”, the recruiting team may also be responsible for onboarding and training.

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Consulting in Mongolia- a Personal Journey

Effective Managers

I first learnt about the Institute of Consulting in 2012, when over 24 Mongolian consultants received core consultancy skills training from John Moore of Exponential Training and ICUK. As Mongolia transitioned to a market economy, many donor countries helped in this transition by subsidising all kinds of training programmes.