Admittedly - I just started watching House of Lies, where some bank tried to buy a consulting firm.
So why don't investment banks have consulting arms? Or acquire a consulting firm? Or even have in-house consulting groups? The best I can think of is Big 4 which has some MM investment banking operations, and performance advisory services.
I'm guessing it's because the consulting firm would then not be able to offer advice to a lot of its clients (who may be competitors?)
I'm not very lucid right now so I'm sorry if this is a stupid question.
They do have it. It is known as M&A advisory
The consulting industry is fairly consolidated with MBB and 2nd tier firms holding most of the market share. Banks are looking to get the highest return on capital right now, so I am guessing that investing the capital needed to start up a consulting practice or to purchase an existing one would not be in line with their current strategy.
idk, I definitely see value in someone coming up with a top notch one stop shop.
Eos amet quas et sunt repellat qui. Ut et deserunt excepturi non quos nisi non. Vel aut ipsam placeat ratione.
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