LONDON, 30th January 2012—Morningstar UK, a subsidiary of Chicago-based Morningstar, Inc., a leading provider of independent investment research, has today published its Morningstar Professional Services Rankings Guide, AIM edition for the first quarter of 2012, in association with Fasken Martineau, a leading law firm. Highlights of this quarter’s Morningstar Professional Services Rankings Guide, AIM Edition include:
- The overall quarterly AIM rankings of auditors in the top 10 show no overall change. First-placed Grant Thornton UK LLP gained one client during the quarter, for a revised AIM client total of 176 clients. Second-placed BDO lost six clients, ending the quarter with 138; third-placed KPMG gained three clients, inching closer to its earlier spot in second place, with a new AIM client tally of 135.
- In the AIM 50, Deloitte and PricewaterhouseCoopers remain joint leaders, with 12 clients each; both firms added one client during the quarter. These revised totals represent the highest all-time total for PricewaterhouseCoopers, and the highest for Deloitte since July 2009. Among the auditors practicing in the AIM 100 space, Ernst and Young moves into third place in the rankings with 14 clients, while BDO drops to fourth place with 13 clients. PricewaterhouseCoopers LLP, with 21 clients, stays in first place.
- There was no change in the first quarter for Seymour Pierce, which remains in first place among the nominated advisers (Nomads) with 73 AIM clients. Cenkos Securities, still in second place, narrows the gap with a four-client gain during the quarter, securing a revised client count of 67. WH Ireland moves up from fifth place to fourth, after gaining four new AIM clients to achieve a revised AIM client list of 49. This shift sees Arbuthnot Securities and Panmure Gordon (UK) move to joint fifth place, with 44 clients apiece. A five-client loss sees Evolution Securities move down from sixth place to eighth; a single client gain takes Northland Capital Partners to ninth place, with a client tally of 36. Peel Hunt LLP enters the rankings for the first time since April 2010, when the company was known as KBC Peel Hunt, with 24 clients placing them in 19th place.
- In the AIM 100 rankings, Cenkos Securities rises from fourth place to first, knocking previous leader Canaccord Genuity into fourth place after the latter’s two-client loss. Peel Hunt moves from fifth place to joint second with a total of seven clients.
- A steady lead for FTI Consulting continues, with two new clients increasing the PR company’s AIM client total to 79. More strong gains for Newgate Threadneedle further shores the firm’s position in second place, after a fifth consecutive quarterly gain and four new clients take their AIM client tally to 73. Buchanan and Abchurch Communication show the largest gains during the quarter, each gaining five new clients. Buchanan, in fourth place, now enjoys a revised AIM client tally of 63, the company’s highest total in two years. Abchurch Communications now has 43 clients and moves up from seventh place to sixth.
- In the AIM 100 rankings, a two-client loss for College Hill sees it fall from fourth place to sixth in the AIM 100 rankings, now with five clients. This pulls Brunswick into fifth place, with six clients. In the AIM 50 rankings, FTI Consulting holds its lead with eight clients.
- There was no change among the leaders in the overall rankings, as Memery Crystal stays in first place, despite a three-client loss, and ends the quarter with 47 clients. Pinsent Masons lost four clients during the quarter, but holds on to second place with 42 clients. DLA Piper UK LLP moves into fifth place and shares the spot with Eversheds LLP and Norton Rose LLP; all three firms have 33 clients.
- Among the AIM 100 rankings, McGrigors LLP moves from third place to first with a two-client gain. Former co-leader Lawrence Graham LLP, with seven clients, moves into second place; fellow former co-leader Conyers Dill and Pearman, with five clients, down from its previous seven, moves to third place. Carey Olsen and Mayer Brown International LLP both move into the lawyers’ AIM 100 top 10 list. This is the first time Mayer Brown International LLP appears in the rankings; Carey Olsen was last in this table in January 2010.
- Capita Registrars saw the largest overall client losses this quarter, closing the quarter 13 clients down and with a revised AIM client count of 572. Computershare Investor Services stays in second place, despite losing six clients, whereas Share Registrars and Equiniti had the only overall client gains in the quarter. Share Registrars ends the quarter with 86 clients, the company’s highest tally since October 2009.
- Capita Registrars had a stronger quarter in the AIM 100 space, with three new AIM 100 clients, further strengthening its lead with a new total of 51. By sector, Computershare Investor Services showed strong gains in Oil and Gas, with a gain of four new clients bringing their total count up to 58. Multiple client losses were reported in the Customer Services sector with Capita Registrars losing four clients, bringing its tally to 64.
- A seven-client loss for Evolution Securities takes the firm down to ninth place from fifth, with a revised client tally of 43. Long-term rankings leader Seymour Pierce gained two clients, increasing its total to 72. Finncap lost one client and moves down to second place with a revised total of 69. Four client gains for Cenkos Securities—one of the largest increases during the quarter–moves the broker up from third place to second to end with 68 clients.
- In the AIM 100 broker rankings, Mirabaud Securities LLP leaps from fourth place to first following a two-client gain. This development pushes Liberum Capital into joint- second place alongside Canaccord Genuity, where both have nine AIM 100 clients, and pushes Cenkos Securities to fourth place, with eight clients. Macquarie Capital (Europe) jumps into the top 10 ranking, moving up from 11th place to fifth, with a three-client gain and a new AIM 100 client tally of seven.
Notes to Editors:
Morningstar provides client rankings for professional services firms—auditors, law firms, financial
public relations (PR) companies, nominated advisers (Nomads), registrars, and stockbrokers by their total number of AIM clients and for the 10 main FTSE Industry Sectors, as well as the FTSE AIM 100 and FTSE AIM 50. For a complete list of rankings by each adviser type, please click here. Firms are also ranked in all tables according to their clients’ market capitalisation. For AIM rankings by market capitalisation, please contact firstname.lastname@example.org.
The Morningstar Professional Services Rankings Guide, AIM Edition is published four times a year. The first-quarter update summarised here is based on data as at 5th January 2012. For ranking scores in relation to the tables, a single point is awarded to reflect a confirmed client relationship, regardless of whether it is a sole or joint appointment.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisers, and institutions. The company has operations in 26 countries. Morningstar collects and supplies fundamental, financial, and biographical data on listed companies and directors. Morningstar’s database comprises more than 20 years of comprehensive information on more than15,000 public companies and nearly 250,000 professional profiles. For more information, please go to http://companyintelligence.morningstar.com.
About Fasken Martineau
Fasken Martineau is a leading international business law and litigation firm. The firm has more than 650 global lawyers across nine offices in six Canadian cities, London, Paris, and Johannesburg. As a full service law firm, Fasken Martineau provides strategic advice in virtually all areas of business law to a broad range of clients. The firm prides itself on being a leading adviser to companies listed on the AIM since 1995.
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