The Opportunity:
Professional Services Firms and their client relationships are essential fuel for the continued local, national and global economic growth.
A strong market for professional services is both an indicator of economic health and a predictor of it: just as professional services firms are attracted to a city because of its corporate success, so too are corporations attracted to a market due to a robust community of high quality supporting services providers. Recently, the bright minds at Harvard University issued a report saying, "Professional services can be linked to a DNA strand within the overall economic picture - a smaller, often un-noticed element that nevertheless exists within and influences every cell of the organism...The professional services industry is a powerful economic force in and of itself. At the dawn of the new millennium, the professional services industry accounted for some 17 percent of all employment in the United States and Western Europe. It has grown more than 10 percent annually over the past 25 years and generates over $1 trillion." The Client Advisor Awards asks: "What might the economic impact be if we could stimulate the professional services market and generate more mutual relationship value for both clients and their advisors?"