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Boutique advisers turn to outsourcing of analysis

NEW boutique investment advisory firms are increasingly turning to outsourcing firms to help them find quality analysts, industry figures said yesterday.<br /><br />The financial crisis has seen an exodus of well-connected executives leaving larger investment banks for smaller rivals but many are reluctant to join minnows at a reduced salary, while smaller firms often only need analysis on a short-term basis.<br /><br />Val&eacute;rie Blin, managing director of M&amp;A boutique Avista Partners, said: outsourcing &ldquo;helps you guarantee that the seasoned professional working with you is &lsquo;fit for purpose&rsquo; for that specific project&rdquo;.<br /><br />Marc Gomer, founder of outsourced analysis specialists Craton Partners, said the practice made it easier to set up a boutique firm, &ldquo;allowing principals to focus on relationships and high-level advice, rather than the cycle of recruitment, training and retention of analysts&rdquo;.