JP Morgan is City’s number one adviser

Elizabeth Fournier
JP MORGAN Cazenove has maintained its place at the top of the City’s broker advisory tables despite losing five clients since last quarter, according to the latest figures from financial data firm Hemscott.

The company now has 239 clients – still a fair way off its peak of 251 in early 2010 but streets ahead of closest rival Numis, which has 127.

JP Morgan Cazenove is also still leading the way in advising the UK’s blue chip companies, with 37 clients listed in the FTSE 100.

The ranking of the big four auditors remained unchanged from the previous quarter, with KPMG retaining the top spot with 376 clients, ahead of PricewaterhouseCoopers’ 317.

But the gap between the top two narrowed slightly, with KPMG losing seven clients in the quarter to 6 May, while PwC added one.

PwC also continued its dominance of the FTSE 100, representing 38 clients compared to joint-second place PwC and Deloitte’s 22 each.

BDO is still the only non-big four accountancy firm to represent a FTSE 100 client.

JP Morgan Cazenove also kept its financial adviser’s crown, retaining 104 listed clients to stay well ahead of second-place Seymour Pierce.

FinnCap jumped into the top ten adviser rankings, climbing to ninth place from eleventh after adding three clients during the quarter.

The top three financial PR rankings also remained unchanged, with Financial Dynamics, Buchanan Communications and Pelham Bell Pottinger leading the board.

● Details listed client gains and losses among main adviser groups during the quarter

● First compiled in 2005, when neither Cenkos nor FinnCap were ranked and JP Morgan was 14th in the adviser rankings.

Freshfields beats Links as Slaughters maintains its FTSE 100 legal crown
MAGIC circle law firm Freshfields Bruckhaus Deringer has overtaken rival Linklaters in the number of FTSE 100 clients that it advises, according to the latest Hemscott rankings.

Since last quarter the number of FTSE 100 clients that Freshfields advises has risen by one, despite its long-term client Invensys being pushed out of the blue-chip index by newly listed Glencore earlier this month.

In contrast, Linklaters’ number of FTSE 100 clients fell by three over the quarter, meaning it fell from second to third place in the rankings, switching places with Freshfields.

During that time Linklaters’ client Alliance Trust was also squeezed out of the index, after its market capitalisation ranking fell below 110th.

Slaughter and May maintained its hold on the top spot of both the FTSE 100 and overall adviser rankings, helped by key clients ITV and Wood Group both joining the FTSE 100 after the index’s March review.