JPM Caz still dominating adviser arena

JP MORGAN Cazenove comfortably retained its broking and financial advisory dominance over the third quarter of the year, according to the latest statistics from financial data group Hemscott.<br /><br />JP Morgan Cazenove gained eight broking clients, increasing its total tally to 236, of which 40 were FTSE 100 firms.<br /><br />Numis Securities and Brewin Dolphin rank second and third in the overall broking stakes with 107 and 98 clients respectively, while Merrill Lynch and UBS share second place among the FTSE 100 firms, with 29 clients apiece.<br /><br />JP Morgan Cazenove also added eight financial advisory clients to take it to a total of 89, narrowing the gap between it and top-ranked Seymour Pierce. The latter has 92 clients, all of which are listed on the Aim junior stock market.<br /><br />Accountancy firm KPMG, which recently came under fire for implementing a controversial new audit package at business services firm Rentokil involving the integration of internal and external audit functions, topped the audit table with 381 clients.<br /><br />Rival PricewaterhouseCoopers is still in the lead among large-cap clients, advising 40 FTSE 100 firms to KPMG&rsquo;s 25.<br /><br />However, all of the top accountancy firms lost clients over the period as the sector struggles to keep fees competitive for companies strapped for cash in the recession.<br /><br />Slaughter and May continues to lead the way among the law firms with 107 clients overall, though it shares the FTSE 100 client lead with Linklaters, with both firms advising 25 of the top firms.<br /><br />Financial Dynamics gained eight clients over the quarter to retain its top spot among financial public relations advisers, while Brunswick had the most FTSE 100 clients, 25, closely followed by Finsbury with 23.