Consultant-charging match service wants to shake up FS
A newly-launched website wants to turn the financial services industry "on its head" by data matching consultants with firms for a 10 per cent cut of their paycheck.
FindAConsultant was launched last month with the aim of lining up businesses with specialist consultants and charging the business nothing for the service.
Its founder, Sharon Melamed, said the "totally data-driven" site had its eyes on the lucrative financial services sector from its launch date and has already attracted banks, a superannuation company and an insurance company.
"We believe that the sheer convenience of a go-to-site for all types of consulting services fills a much needed gap in the market - particularly in financial services, where there is a constant appetite for consultants in areas such as M&A, risk, analytics, strategy, change and project management," Melamed said.
She said the matching is almost entirely handled by the website's software, with a consultants' profiles held in a database and measured against the firm's needs, which are entered in a tick-a-box format.
"It's very much data driven so there's no room for cushy relationships with this or that consultant," she said.
"The only human element is that every request is quality checked, because there's one question where people can insert a free-form comment about special or rare requirements and a human being has to go over that and overlay that with whatever the matching software has come up with."
"However, the majority of requests are completely taken care of by the software," she said.
Recommended for you
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
Australia has marked a decade among the best countries for retirement, according to Natixis, but with high inflation threatening their retirement goals, a third say they would get professional advice to improve their chances.
