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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Other tips: Benchmark your rate to increase your confidence. Or they haven’t raised their rates consistently over time, or they haven’t switched to a fixed fee.

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Asset Management – Client Segmentation (Part 3 of 4)

Tom Spencer

Retail Wealth Management. In countries with concentrated banking sectors, the banks will have enough scale and cross-selling opportunities to have their own major asset management divisions. For passive investing, Blackrock and Vanguard are able to get costs very low due to their scale and skill in replicating a benchmark index.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. The interest rate set by the central bank serves as a benchmark or reference rate for banks.

Banking 88
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Management Consulting versus Investment Banking

Management Consulted

Bankers do some for roadshows, due diligence, etc but spend 90% of their time in one office until you’re partner-level (this is investment banking; you can expect more travel in private equity and investment management). Relationship with coworkers, managers, and firm. This is less discussed but equally important.

Banking 272
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Beggar Thy Taxpayer: Currency Wars, QE Strain Life Insurers and Pension Plans; Negative Returns With 4-7% Promises

MishTalk

Currency Wars and QE Strain Life Insurance Companies and Taxpayers Bob gets credit for the phrase " beggar thy taxpayer " but I have been thinking along those lines for quite some time. The yield on Germany’s benchmark 10-year bond has fallen to 0.35 Insurers and pension funds typically buy long-term debt. The ECB''s policy.

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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. Talk with other consultants, do a web search on typical management consulting rates in your city or state, and/or try converting your employee salary to an hourly rate. There are other ways to bill for your talent and expertise but those will be covered in another article.

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Wearable Technology in Healthcare

Tom Spencer

The main differentiator is that while consumer fitness trackers can assist individuals in keeping in peak physical condition, medical wearables have the ability to detect life threatening diseases, provide pain relief, manage chronic illnesses, and collect a variety of biometric data.