An expert network is a group of highly qualified persons who have command in their respective fields. These professionals can be hired by third-parties who seek consultations on particular topics that fall outside of their general knowledge base.
The industry which is in the investment field, including hedge funds and mutual funds, is one of the biggest users of expert networks. Investment companies seek out the insights of researchers and professionals in an attempt to gain a competitive advantage.
How an Expert Network Works?
Expert networks are groups of Subject Matter Experts (SMEs) who are hired by firms in need of high-level expertise that their in-house employees are unable, or unqualified, to provide. Professionals in these networks generally charge large fees in exchange for their services, and they can be hired through long or short-term contracts, on an as-needed basis or be held on retainer.
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