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Article: Standing their ground; Consultants are confident once-in-a-lifetime market turmoil will boost demand for services.(Special Report: Consultants)
- Article from:
- Pensions & Investments
- Article date:
- November 24, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Douglas Appell
Even as investment consulting firms work overtime to help clients navigate unprecedented market volatility this year, many executives remain confident their firms will emerge relatively unscathed from the mayhem and enjoy growing demand for higher-margin consulting services in the wake of the crisis.
"I project that in 2009 we will actually see a strong market for investment consulting,'' focused on areas such as risk mitigation, asset-liability matching and asset allocation strategy, said Jeffery J. Schutes, president and director of Mercer Investment Consulting LLC, Chicago.
That confidence, which stands in stark ...