Editing Alpha Financial Markets Consulting plc
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Alpha Financial Markets Consulting | Alpha Financial Markets Consulting | ||
The group provides advice to its clients in the asset | The group provides advice to its clients in the asset and wealth management industry based on its sector experience and deep knowledge of the needs of specific industry participants. The group’s financial markets consulting proposition extends to working with clients across the four primary areas of: | ||
# Strategy and advisory | # Strategy and advisory | ||
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Projects classification | Projects classification | ||
Projects typically span multiple service lines and vary in size, duration and nature. The group principally prices its consulting services on a time and materials basis using daily charge out rates, but also uses fixed price contracts on occasions (typically in continental Europe | Projects typically span multiple service lines and vary in size, duration and nature. The group principally prices its consulting services on a time and materials basis using daily charge out rates, but also uses fixed price contracts on occasions (typically in continental Europe). The group undertakes projects across most of the asset and wealth management value chain and these fall into three categories: | ||
* '''Major programmes:''' these typically span more than one financial year, are multi-geography and would be valued in excess of £2 million. There are usually 2 to 5 major programmes running in any year. | * '''Major programmes:''' these typically span more than one financial year, are multi-geography and would be valued in excess of £2 million. There are usually 2 to 5 major programmes running in any year. | ||
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=== What’s the size of the company target market? === | === What’s the size of the company target market? === | ||
===Total Addressable Market=== | ===Total Addressable Market=== | ||
Here, the total addressable market (TAM) is defined as the global financial services consultancy market, and based on a number of assumptions, it is estimated that the size of the market as of today (23rd January 2023), in terms of revenue, is $46 billion<ref>Global financial markets consultancy market = World GDP x consultancy services as a proportion of World GDP x financial services as a proportion of World GDP | Here, the total addressable market (TAM) is defined as the global financial services consultancy market, and based on a number of assumptions, it is estimated that the size of the market as of today (23rd January 2023), in terms of revenue, is $46 billion<ref>Global financial markets consultancy market = World GDP x consultancy services as a proportion of World GDP x financial services as a proportion of World GDP | ||
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= $3.131 trillion x 0.84% x 8.3%.</ref>. | = $3.131 trillion x 0.84% x 8.3%.</ref>. | ||
The asset and wealth management industry has grown significantly since 2008, with global aggregate assets under management standing at approximately $69.1 trillion at the end of 2016, compared to $38.5 trillion at the end of 2008. | |||
Whilst overall AUM is growing, the asset and wealth management industry is experiencing challenges stemming from regulatory changes and cost pressures from the regulators and end clients. These factors are driving an increased focus by asset and wealth managers on improving systems, data quality and operational processes, in order to gain a competitive advantage, generate above average returns and reduce costs. This in turn has helped drive demand for the management consulting services provided to the asset and wealth management industry, across the spectrum of front, middle and back office functions. | |||
The industry is subject to a wide range of regulatory and risk management considerations, which the directors believe will continue to drive growth in consulting services. In addition to the ever more demanding regulatory environment, the industry is having to react to requests from institutional and retail customers for greater transparency in reporting, engagement and accountability, which in turn is driving a growth in demand for more effective data systems and processes. | |||
The pressure on margins within the asset and wealth management industry has also resulted in significant consolidation in recent years, as fund managers seek to increase assets under management, drive synergies and ultimately generate better returns through mergers and acquisitions (“M&A”). | |||
The value of global M&A deals completed in the sector totalled approximately $34.9 billion in 2015 and $71.3 billion in 2016, with many market commentators expecting continued consolidation through M&A in the asset and wealth management industry in the near future. This has created substantial opportunities and areas of growth for Alpha as it continues to provide M&A integration, operational and outsourcing consultancy services to increasingly larger and more complex fund managers. | |||
=== What are the main achievements of the company? === | === What are the main achievements of the company? === |