Podcast Interview on 401(k) Plans and Behavioral Finance Trends

Steve Shu Consulting

retirement income, wealth management). Save(d) by Design Loss Aversion Calculator (personalized finance tool) Personalized Pension statement Personalized video technology with live action Thanks to Rick Unser for having me recently on his 401(k) Fridays podcast.

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win. Disruptive innovation Technology Managing organizations Audio

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Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). With that as backdrop, here’s my Behavioral Economics and Behavioral Finance Manifesto (much like I did with my Management Consulting Manifesto back in 2011 ). Behavioral Economics General Management Innovation Behavioral Finance Behavioral Science Nudge

Finance vs Strategy

Tom Spencer

A successful firm will need to pursue sound strategy and, at the same time, stay on top of its finances. Business Strategy consulting finance Management Consulting The financier cares about the next 3 months or less. The strategist cares about the next 3 years or more. The financier wants the deal to close as soon as possible so that he can earn his bonus.

Planning for uncertainty: Performance management under COVID-19

McKinsey

Companies need a new approach to financial planning and performance management—one that informs rapid realignment of plans and actions and ensures organizational resilience. Strategy & Corporate Finance Insights

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win.

Managing Overwhelm

Jacq Hackett Consulting

You realise it’s the end of the quarter and you still haven’t figured out a system for sorting out your finances. Here are my five tips for managing these and similar problems in your business so you can avoid getting overwhelmed: Tip one: Don’t be afraid to go back and renegotiate terms when timeframes shift because of an issue that’s beyond your control. So don’t be overwhelmed by managing the business finances; instead get a bookkeeper and avoid that end of quarter panic.

Bots, algorithms, and the future of the finance function

McKinsey

Automation and artificial intelligence are poised to reshape the finance function. Knowing what to automate and managing the disruption can lead to a new era of productivity and performance.

How new CEOs can manage for the future

McKinsey

Strategy & Corporate Finance InsightsThe subtle art of delivering short-term wins while setting the stage for long-term success.

Managing Overwhelm

Jacq Hackett Consulting

You realise it’s the end of the quarter and you still haven’t figured out a system for sorting out your finances. Here are my five tips for managing these and similar problems in your business so you can avoid getting overwhelmed: Tip one: Don’t be afraid to go back and renegotiate terms when timeframes shift because of an issue that’s beyond your control. So don’t be overwhelmed by managing the business finances; instead get a bookkeeper and avoid that end of quarter panic.

Navigating risks in project finance

McKinsey

When it comes to infrastructure and capital projects, managing risks and incentives correctly can be a major enabler for opening up new funding streams and creating bankable project pipelines.

My Past Life as Director of Finance in a Management Consulting Firm

Management and IT Consulting

Finance is critical for supporting all areas of a management consulting firm from budgeting to cash management to financial reporting. The work finance does empowers the firm to succeed and make sound decisions based on relevant data

Improving the management of complex business partnerships

McKinsey

Strategy & Corporate Finance InsightsAdhering to four key principles can help companies increase the odds that their collaborations will create more value over their life cycles.

Managing the Liquidity Crisis

Harvard Business

Economics & Society Finance & Accounting Financial management Digital ArticleCompanies are scrambling for cash in the face of the pandemic.

Preparing for and managing through a downturn

McKinsey

Strategy & Corporate Finance InsightsAs talk of an impending economic downturn takes hold in the business world, executives can take thoughtful steps to help their companies better weather the storm.

Banking imperatives for managing climate risk

McKinsey

More than regulatory pressure is driving banks to manage climate risk. Financing a green agenda is also a commercial imperative—but specialized skills are needed to protect balance sheets.

How leading CEOs manage their middle tenures

McKinsey

Strategy & Corporate Finance InsightsFive principles are useful in guiding CEOs in their third, fourth, and fifth years on the job.

Active portfolio management: Interview with Andy West

McKinsey

Strategy & Corporate Finance InsightsSenior partner Andy West discusses the latest trends in M&A in light of several recent high-profile divestitures.

What Will It Take to Make Finance More Gender-Balanced?

Harvard Business

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. We turned to those most able to effect change in finance: the professionals actively working in the field. shutterjack/Getty Images.

How Blockchain Is Changing Finance

Harvard Business

They represent content and digital rights management platforms (such as SingularDTV ), distributed venture funds (such as the the DAO , for decentralized autonomous organization), and even new platforms to make investing in ICOs and managing digital assets easy (such as ICONOMI ). The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Our global financial system moves trillions of dollars a day and serves billions of people.

China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Why Do Management Consulting Firms Hire MBAs?

Steve Shu Consulting

Prior to my current role, I spent many years in the traditional management consulting space. Management consulting projects can span diverse areas from operational to finance to marketing to strategy to IT management, etc. Management Consulting

Management Consulting in Canada

Tom Spencer

Management consulting is a professional service offered to organisations which aims to help internal management improve operating performance. Rationale for Hiring a Management Consultant. There are at least four reasons for hiring a management consultant.

Asset Management – Industry Overview (Part 1 of 4)

Tom Spencer

Asset managers are institutions that ‘manage money’ on behalf of certain beneficiaries. Well, asset managers aim to understand client investment objectives and invest client funds in a variety of financial products and asset classes. Affiliated Managers.

Lessons from the generals: Decisive action amid the chaos of crisis

McKinsey

Inspiration drawn from crisis-management professionals can help decision makers in the COVID-19 pandemic. Strategy & Corporate Finance Insights

Blockchain For Managers

Tom Spencer

Many individuals will be self-employed, and the value creation process will be overseen and managed in a way that no longer requires multiple layers of other human beings to be part of the process. Many things managers do – and in many industries – are about to be automated out of existence.

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. Stop avoiding finance because you’re afraid of numbers. “Finance and accounting are very simple.

Asset Management – Valuation (Part 2 of 4)

Tom Spencer

Characteristics of Asset Management Firms. Most major asset managers are conservative with their use of leverage. There are a couple of reasons for this: Asset managers can see cash flow and earnings fluctuate wildly with markets. Valuation of Asset Management Firms.

In Conversation: Eric Ries on the Finance of Innovation

Strategy+Business

For more related insights, read "Why Eric Ries Likes Management" at [link In the fourth video interview of this five-part series, Eric Ries, author of The Lean Startup, describes his system of innovation accounting--and how it can convert learning into dollars.

Managing your Weaknesses

CaseInterview.com

When it comes to managing your career, you need to be aware of your own weaknesses. If you’re a startup CEO that’s poor at finance, you have the option of hiring someone that’s really good at what you’re bad at. For example, I’m not great at managing details. I’m working with a client right now that has spent nearly all of his career managing less than 10 employees. A weakness that’s known can be worked around.

The Corona Virus for Small Businesses

Consultant Journal

How should small business owners manage the corona virus, aka COVID-19 ? In the meantime, based on current information, you can take the following steps: Managing Employees. Consider arranging financing ahead of time, as part of business continuity preparations.

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. High Net Worth (HNW) Wealth Management. Institutional Asset Management.

Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania

MishTalk

Ukraine''s just-named "Finance Minister" is a US citizen, and Ukraine''s new "Economy Minister" is from Lithuania. citizen and chief executive of private equity group Horizon Capital, will take over as "Finance Minister". Ukraine has a new finance minister, Natalie Jaresko. The post of "Economy Minister" was just given to an asset management firm partner from Lithuania, and the "Health Minister" is from Georgia.

Greek Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?

MishTalk

Greek finance minister Wolfgang Schäuble has a sense of humor. Who knew Wolfgang Schäuble, Germany’s prickly finance minister, had a sense of humor? Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Greece Empties IMF Reserve Account to Pay IMF; Liquidity "Terribly Urgent" Says Finance Minister

MishTalk

Greece emptied an IMF holding account to repay 750 million euros ($840 million) due to the fund, a Greek central bank official said, avoiding default but underscoring the dire state of the country's finances. Made a day early, the IMF payment calmed immediate fears of a Greek default, but Finance Minister Yanis Varoufakis said on Monday the liquidity situation was "terribly urgent" and a deal to release further funds was needed in the next couple of weeks.

Asset Management – Recent Trends (Part 4 of 4)

Tom Spencer

Asset management as an industry is becoming increasingly important for a variety of reasons: The world is getting wealthier, driven by growth in emerging markets. This bodes well for those looking to work in asset management. The Rise of Passive Asset Management.

Due Diligence by Management Consulting Firms

Tom Spencer

It was a very interesting experience, so in this post I will share what I learned, as well as talk about the role played by management consulting firms.