Broad Street Consulting Group

What Broad Street Consulting Group does

Broad Street Consulting Group is a privately held, women-owned boutique retained executive search firm founded in 2013 by Margot DeMore and Milena M. Humplik and headquartered in Boston, Massachusetts. The firm specializes in senior executive placements for financial services and insurance, with primary verticals spanning alternative and traditional asset management, private wealth, insurance, and insurance asset management, plus secondary exposure to fintech and plan sponsors. Partners personally lead every engagement and the firm caps concurrent retained searches at seven to preserve dedicated, high-touch service.

The firm's core product is Retained Search Services, supplemented by three a la carte modules: Strategic Hire and Advisory Services, Market Mapping, and Competitive Landscaping and Salary Benchmarking. Notably, Broad Street has no proprietary technology platform or productized software; it is a pure professional services business whose primary assets are partner relationships with senior investment and insurance executives and a 60% diversity placement track record (women and underrepresented groups). The co-founders have 35 combined years of executive search experience, began working together in 2004, and are supported by Principal Kara Spelman and Director Dan Lynch, both joining in 2022.

Commercially, Broad Street operates a direct, partner-led engagement model: clients come in via website contact, referrals, and the partners' LinkedIn and industry-association networks (AIMSE, IWIN, WIPN, 100 Women in Finance, CFA Society). Pricing is quote-based and not publicly disclosed, consistent with senior-level retained search engagements. Revenue, ownership structure changes, and any external funding are not publicly disclosed; the firm has remained privately held by the founding partners since inception, with CCPA and GDPR privacy compliance in place on its website.

Name

Broad Street Consulting Group

Legal name

BROAD STREET CONSULTING GROUP

Website

https://broadstreetconsulting.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Broad Street Consulting Group is a Boston-based, women-owned boutique retained executive search firm placing senior executives into financial services and insurance firms, with 60% of placements filled by women and underrepresented groups.

Ownership category

akta.pro rank

Product category

Executive Search Services

NAICS

Executive Search Services (561312)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Financial Services Leadership Search (Banking/Insurance/PE/Asset Mgmt) (BPACAAAF)

akta.pro secondary industries

C-Suite & Board Search (BPACAAAA), Confidential/Replacement & Succession Search (BPACAAAK)

Keywords

• Retained executive search
• Financial services recruiting
• Insurance talent placement
• Diversity executive hiring
• Boutique search firm

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Retained Executive Search Services: Retained search engagements where clients pay for dedicated executive search services. The firm caps concurrent projects at seven to maintain premium service quality. Services include search preparation, candidate development, interview support, and offer negotiation.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Broad Street Consulting Group is a boutique retained executive search firm specializing in financial services and insurance. The co-founders personally lead every search engagement, capped at seven concurrent projects to ensure partner-level attention, with supplemental offerings including strategic advisory, market mapping, and salary benchmarking services.

Product overview

Broad Street Consulting Group operates as a boutique retained executive search firm offering a unified service model centered on high-touch retained search for the financial services and insurance industries. The core offering is Retained Search Services, through which partners directly manage each search engagement with a maximum of seven concurrent projects. The firm supplements its core search with a la carte services including Strategic Hire and Advisory Services, Market Mapping, and Competitive Landscaping and Salary Benchmarking. All services are delivered with a focus on diversity placement, with 60% of placements being women and underrepresented groups.

Differentiator

Problem solved

Functional benefit

Products and services

• Retained Search Services The core retained executive search offering where partners directly manage each search with a cap of seven concurrent projects, focusing on senior-level placements in financial services and insurance sectors.
• Strategic Hire and Advisory Services Consulting advisory services for strategic hiring decisions and talent planning beyond traditional retained search engagements.
• Market Mapping A la carte service providing competitive landscape analysis and talent market intelligence for clients.
• Competitive Landscaping and Salary Benchmarking A la carte service providing market rate analysis and competitive compensation benchmarking for hiring decisions.

Quantifiable outcome

• 60% of placements are women and underrepresented groups
• +1 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Heidrick & Struggles: Heidrick & Struggles is a global executive search firm with a dedicated Financial Services Practice covering asset management, wealth management, banking, and insurance. It is a scaled incumbent that competes with Broad Street for senior leadership mandates in the same verticals, but offers a much broader geographic footprint and integrated leadership consulting.
• Russell Reynolds Associates: Russell Reynolds Associates is a global executive search firm with a strong Financial Services Practice covering asset management, alternatives, private equity, and insurance. It directly competes with Broad Street for senior executive search engagements in these same verticals, but operates at significantly larger scale with a global office network.
• Egon Zehnder: Egon Zehnder is a global executive search and leadership advisory firm with a well-established Asset Management and Insurance practice. It competes with Broad Street for senior-level retained searches in financial services and insurance, but offers broader board advisory, CEO succession, and leadership consulting capabilities.
• Korn Ferry: Korn Ferry is a global organizational consulting firm with a significant executive search business and dedicated Financial Services and Insurance practices. It is a broad incumbent that intersects with Broad Street's senior-level search work but is far more diversified across RPO, consulting, and assessment.
• Spencer Stuart: Spencer Stuart is a global executive search and leadership advisory firm with a deep financial services and asset management practice. Compared to Broad Street, it operates at much larger scale with international offices and a broader range of leadership advisory services, but directly competes for the same retained senior-level mandates in asset management and insurance.

Direct peers

• JM Search: JM Search is a boutique executive search firm focused on financial services, including asset management, wealth management, insurance, and fintech. It is a direct peer to Broad Street in scale, target verticals, and retained search model, and similarly emphasizes senior-level placements and diversity focus.
• Odyssey Search Partners: Odyssey Search Partners is a boutique executive search firm specializing in asset and wealth management, insurance, and financial services leadership. It is a direct peer to Broad Street in mission, size, and vertical focus, providing senior-level retained search services to the same type of enterprise clients.
• DHR Global: DHR Global is an executive search firm with a dedicated Financial Services and Insurance Practice group. It directly competes with Broad Street for senior-level retained searches in asset management, wealth, and insurance, but operates with a larger global network.
• Diversified Search Group: Diversified Search Group is a large executive search firm with a dedicated Financial Services Practice and a strong reputation in diversity recruiting. It competes with Broad Street for senior financial services leadership placements and is comparable in its emphasis on diverse candidate pipelines.

Emerging players

• Polachi: Polachi is a boutique executive search firm focused on technology, digital, and financial services leadership. It has meaningful overlap with Broad Street in financial services senior-level search, but a heavier tilt toward technology and growth-stage companies, placing it as a partially overlapping emerging player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/broad-street-consulting-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broad Street Consulting Group