JPM Caz still leading FTSE adviser pack…
BLUE-blooded City brokerage JP Morgan Cazenove is still proving its mettle as the City’s dominant corporate broking player, topping the adviser leaderboard again over the past quarter despite uncertainty caused by its imminent takeover by JP Morgan.
The latest Hemscott adviser rankings guide, published today, shows that the firm advises a total of 240 broking clients after winning four new contracts over the quarter – more than double the 111 clients on second-placed Numis Securities’ roster.
JP Morgan Cazenove is particularly active among the City’s largest companies, advising 37 FTSE 100 clients despite losing three over the quarter. Joint second-placed Bank of America Merrill Lynch and UBS both gained two new clients over the period, taking their totals to 29.
Seymour Pierce held on to its top ranking among Aim clients, of which it has 90, while the fastest mover in the small cap broking sector over the period was Astaire Securities, led by Edward Vandyk, which capitalised on its aggressive acquisition strategy by gaining 23 clients, taking it from 16th to 5th position.
JP Morgan Cazenove also has 10 FTSE 100 financial advisory clients, putting it in third place behind UBS and Bank of America Merrill Lynch.
Slaughter and May retained its lead in the law firm rankings over the quarter, gaining five clients overall to finish with 112. The company has 28 FTSE 100 clients, five ahead of closest rival Linklaters.
KPMG takes the top spot overall for auditors with 397 clients, while PricewaterhouseCoopers is the adviser of choice for larger firms, counting 40 of the FTSE 100 among its clients.
Financial Dynamics continues in the lead overall among the financial PR firms with 183 clients, while Brunswick gained one FTSE 100 client over the quarter to a total of 26, extending its lead over second-placed Finsbury.