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

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.

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.

BCG report: Ending the Era of Ponzi Finance

Consultants Mind

The Boston Consulting Group even went so far as to call … Continue reading → Learning BCG Boston Consulting Group Consulting Economics Era of Ponzi Finance Management consulting Not sure how this happens, but the entire developed world is in debt. Europe, the US, and Japan have borrowed so much money that they are headed towards ruin.

Improving the management of complex business partnerships


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.

Preparing for and managing through a downturn


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.

Bots, algorithms, and the future of the finance function


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.

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.

How leading CEOs manage their middle tenures


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

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.

Navigating risks in project finance


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.

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.

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

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.

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.

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.

China Faces "Minsky Moment" on Ponzi Financing


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.

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.

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.

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


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.

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


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.

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


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.

Greece Bank Deposits Drop to 11-Year Low; Creditors Offer 6 Month's Financing; Round One of Saga Nearly Over


Financing Dangle Please consider Merkel, Hollande Dangle Financing Before Greece's Tsipras. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Finance Can Be a Noble Profession (Yes, Really)

Harvard Business

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. Recently, I asked a few students how people react to their choice to go into finance, and I was greeted with nervous laughter. The usual reactions to misbehavior in finance are outrage or regulation.

2015 Management Consulting Salaries – Undergraduate, MBA, Interns and More

Management Consulted

As you’ve been busy popping bottles of champagne, watching the ball drop while fireworks shoot up in the background, or just flat-out ambitiously working through the New Year holiday, we here at Management Consulted have had our version of fun.

Is #MeToo Backlash Hurting Women’s Opportunities in Finance?

Harvard Business

When my mother graduated from college in 1972, she interviewed at an investment bank where a manager told her that for certain positions, women were interviewed but never hired. In the aftermath of the MeToo movement around sexual harassment, I wonder how much progress we’ve really made; recently, several men have privately told me that they have no intention of hiring women for open roles, or of managing young women if they can avoid it.

France Seeks Another Tax on Facebook, Google And YouTube, to Finance "French Culture" Cinema


RT reports French broadcasting watchdog CSA eager to tax YouTube, Facebook, Dailymotion France''s Superior Council of Audiovisual, an independent broadcasting authority, wants to impose taxes on media giants like YouTube, Facebook and Dailymotion to force them to contribute to financing French culture. In a report this week, the Superior Audiovisual Council (CSA) says that video-sharing websites should be subject to a tax that helps finance the production of French films and TV shows.

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. Relationship with coworkers, managers, and firm.

Japan Finance Minister Seeks Record Debt Servicing on Interest on National Debt; What's Next?


Japan''s Finance Ministry will request a record 25.3 The decision, aimed at guarding against any future rise in long-term interest rates, underscores the increasing cost Japan must pay to finance its massive public debt. 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.

French Industrial Output Drops Unexpectedly; France Finance Minister in Complete Denial; Expect the Unexpected


France Finance Minister in Complete Denial Those of you seeking still more amusement can find it in one of the usual places: statements made by French politicians. For example (and also from today), the Financial Times reports Pierre Moscovici, France Finance Minister Says Economy has ‘Truly Emerged from Recession’ “France has truly emerged from recession,” Moscovici insists. “Of Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacifi

How to Balance Work and Life in Management Consulting


Yes, I think it is, but you can't always manage it when you want to manage it. This was not a deliberate choice, but I had the interest in the sector, I wasgood in certain aspects related to the finance industry, I liked my colleagues in that sector, and they and my clients liked me a lot. One of the rising star engagement managers, who was now about two years away from partner, landed a monstrous 01 opportunity. Last I checked, the rising star manager made partner.

France Finance Minister "I Refuse to Raise Taxes to Close any Budget Gaps"; "Rethinking" the USA


Michel Sapin, France’s finance minister, sent tremors through European capitals with a defiant warning that his country would no longer try to meet its deficit targets and would not inflict further damage on its economy by tightening into the downturn. “I Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Not only is support for sanctions in Europe crumbling, so is support for alleged austerity.

I’ve finally released Inside Nudging: Implementing Behavioral Science Initiatives

Steve Shu Consulting

Inside Nudging is written for management professionals and scientists to feed their thinking and discussions about implementing behavioral science initiatives (which includes behavioral economics and finance) in business settings.

In Conversation: Eric Ries on the Finance of Innovation


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.

Simmereing Stew; Italy's Finance Minister Joins "United States of Europe" Parade; Germany's "5 Wise Men" Argue for Grexit


Italy's finance minister, Pier Carlo Padoan calls for ‘Political Union’ to Save Euro. Italy’s finance minister has called for deeper eurozone integration in the aftermath of the Greek crisis, saying a move “straight towards political union” is the only way to ensure the survival of the common currency. He said an elected eurozone parliament alongside the existing European Parliament and a European finance minister should also be considered. “

The pros and cons of activist investors


Management teams that engage positively with attackers may find activist campaigns bring ideas that create value and improve shareholder performance. Strategy & Corporate Finance Insights