They work in a cluttered warren of cubicles in the back office of a research organization here, two former Russian journalists and a Chinese colleague.
Spending more time on client interaction and less time managing a back office and performing investment research usually leads advisors to turn to outsourcing.
My day job in the back office was to do research to support consultants on projects.
At the beginning of my career I was working in the research back office of a major international consulting firm.
Do-It-Together (DIT) models, where professional firms and advisors will help DIY investors strike a better balance between time commitments, research and other back office functions while allowing DIY investors to maintain control of their assets.
Jobs most vulnerable to the new wave of outsourcing, the researchers say, include medical transcriptions services, stock market research for financial firms, customer service call centers, legal online database research, payroll and other "back office" activities.
In this transaction the combined company could achieve synergies from research and development and back office consolidation.
"A pound spent on overhead, on back office functions that should be spent in scientific research is a pound wasted, so we're going to be ruthless on the back office," he said.
From the responses gotten through the questionnaire, this research found out that, SMEs outsource back office activities such as, security services, cleaning services, bookkeeping services, order processing and other administrative services.
However, several opportunity segments exist, namely: (i) Telemedicine; (ii) Clinical trials and research in India for EU-based pharmaceutical companies; (iii) Medical transcriptions and back office support; (iv) Medical value travel; and (v) Collaborative ventures in medical education, research, training, staff deployment, and product development.
