Welcome to the 2018 eprivateclient Top Accountancy Firms rankings – the annual analysis of the leading UK advisory firms providing wealthy clients and their families with tax and business advice.
As with last year’s rankings the 2018 list is no longer limited to the Top 25 but reflects the depth and breadth of advice available to private clients in the UK. As a result the rankings this year consist of 33 firms spread across three tiers – with 12 firms featuring in Tier I, eleven in Tier II and a further ten in Tier III.
Across the three tiers data collected from the firms as well as estimates made by eprivateclient shows that the 33 firms have a combined total of 470 partners, 3222 fee earners, 4182 private client staff and generated fee income of over £536 million in the past year.
In Tier I the twelve firms have a total of 288 partners at an average of 24 per firm. There are a total of 2281 fee earners – ranging from around 50 to almost 300 – which sees an average of 190 per firm. £388 million was generated by the firms in fee income (£32.4 million on average) with – across the firms – 22.6 percent of total firm income generated through private client work. Three of the firms offer financial planning advice whilst four provide legal services.
Tier II’s eleven firms have 134 partners among them (12.2 per firm), 640 fee earners (58 on average), total staff of 879 (at an average of 79.9) and fee income of £112 million (£10 million per firm) generated. The firms’ private client fee income contributed on average 35.2 percent of total firm income with three offering legal services and a further eight financial planning advice.
In Tier III the ten firms featured in the rankings show a total of 48 partners across the firms (4.8 on average), fee earner numbers of 301 (30.1), and fee income of £35.6 million. Within Tier III, eight of the ten firms provide financial planning services whilst three provide legal services.
Across the three tiers data collected from the firms as well as estimates made by eprivateclient shows that the 33 firms had an increased number of partners compared to last year’s rankings (6.5 percent climb) and generated fee income of £19 million more in the past year (an increase of 3.7 percent).
The 2018 eprivateclient Top Accountancy Firm rankings are based on a survey of over 100 private client accountancy firms in the UK. Where data was not provided, publisher’s estimates were made, which are clearly labelled on the rankings.
To view the full rankings table, please click here
The 2018 eprivateclient Top Accountancy Firms is kindly sponsored by Close Brothers Asset Management.
A champagne reception will be held for the winners in London on 04 June 2018.
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