Work-Life Strategies & Solutions

On the Evolution of Work Systems in the Digital Economy

The Statistical Edge: Enhance Your Metrics with the Actuarial Valuation Method

Submitted by Michelle Young at Toptal

Authored by Dani Freidus, Finance Expert for Toptal

Edited by Lynn Patra

Executive Summary

What Is an Actuary?
The Power of the Actuarial Valuation Method
How Can an Actuary Help to Enhance Business Metrics?
How You Can Start to Implement This Now

Beyond Insurance: The Changing Role and Perception of Actuaries

I often hear the question “What is an actuary?” Well, actuaries are unique in that they have a deep understanding of both business and statistics. Traditionally, an actuary’s differentiator was their ability to make financial sense of extremely long-term horizons—typically those associated with the lifespan of human beings. This naturally lent itself to actuaries working in the age-old fields of life insurance and pensions

However, it is not just an actuary’s grasp of the long term which is unique but also their ability to harness a broad range of academic fields and apply them in a business context. To this end, the Actuaries Institute defines actuaries as professionals who: Read more of this post


Considerations for Raising Your Own Private Equity Fund

Submitted by Michelle Young at Toptal

Authored by Martin Kemeny, Finance Expert for Toptal

Edited by Lynn Patra

Executive Summary

Raising a private equity fund is a natural progression for ambitious investment managers.
The strategy and operations of a fund should be thoroughly planned in advance.
Be well aware in advance of the securities laws that must be adhered to.

There’s a time in many investment managers’ careers when the next logical step is starting a private investment fund on their own. Either the manager has been working for others as an employee and now wants to go solo, has been investing their own money and wants to raise outside capital, or has been investing with others’ capital on a one-off basis and wants to scale. Whatever the reason, in many cases, the right answer is to set up a fund. A fund can stabilize an investment business and help the manager grow assets under management and create a valuable investment platform.

Whether co-mingled or from a single investor, a fund has many distinct advantages over one-off capital raising: Read more of this post

Fintech and Banks: How Can the Banking Industry Respond to the Threat of Disruption?

Submitted by Michelle Young at Toptal

Authored by Alex Graham, Finance Expert for Toptal

Edited by Lynn Patra

Executive Summary

Fintech 1.0 needs fintech 2.0 to arrive.
How have banks reacted to fintech?
There are four areas in which the financial industry can focus to improve their response to fintech.
What will the bank of the future be?

Banks Can Play the Fintech Game Too

Fintech, shortened from financial technology, is assumed to be a modern movement. Yet the use of technology to assist financial services is by no means a new phenomenon. Financial services is an industry that introduced credit cards in the 1950s, internet banking in the 1990s and, since the turn of the millennium, contactless payment technology. Yet, fintech’s place in the public conscience has really taken off in the past three years:

Chart 1: Google Trends "Interest over Time" Results for the Search String "Fintech"

The takeoff of this term has come from startups—actors not within the inner circle of financial services, taking a more prominent role within the ecosystem. Three core trends have led to this movement emerging: Read more of this post

How to Hire the Right M&A Advisor to Help Sell Your Business

Submitted by Michelle Young at Toptal

Edited by Lynn Patra

It can take around five months to sell a business. It is a significant commitment with many risks, in terms of juggling attention between ongoing operations and negotiating the sale. Enlisting the a professional M&A consultant’s assistance will help a founder to manage time, maintain their business, and maximize the economic outcome of the deal.

To help select an M&A consultant to work with, we will outline the steps of selling a business and, for each, outline the beneficial characteristics that a consultant can provide.

This article is written within the context of trying to sell a business (outbound), as opposed to fielding an unsolicited request to buy a business (inbound)

Prelude: Does the Founder Want to Sell?

The reasons for selling a business will first be defined by the owner’s personal situation and desires: Read more of this post

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