Sunday 2 February 2014 11:50 pm

Cenkos battles FinnCap to take advisers’ crown

BROKER Cenkos Securities became the top nominated adviser to junior stock market listed companies last quarter, dislodging the previous number one FinnCap.The company, which is based in Lothbury in the City, added four new businesses to its list of customers between mid-October and mid-January, taking the total to 84.This topped FinnCap, which stayed at 83 customers for the period.Rivals WH Ireland remained at number three while N+1 Singer stayed at number four. Panmure Gordon rounded out the top five.The list, compiled by Adviser Rankings, analyses how many companies have appointed brokers as nominated advisers (Nomads).The Nomad regulation is unique to the junior stock market – or the alternative investment market (Aim) as it is called – and requires each company hoping to list to appoint a Nomad to act as a guide to help it navigate the stock market jungle.Canaccord Genuity remained the top jungle guide for large Aim-listed clients, taking top spot for FTSE 100 Aim – a list of the 100 biggest Aim companies – and FTSE 50 Aim with 15 and 10 clients respectively.In the Aim stockbroking category, Cenkos added another four customers, taking their total to 86. This time the increase was not enough to dislodge FinnCap, which remained the top Aim listed stockbroker with 94 clients.On the FTSE 100 Aim, Cenkos leapfrogged Liberum Capital to take the second spot after Liberum lost two clients. Yet it could not dislodge Canaccord Genuity, which remained the number one stockbroker for large Aim clients.Ranked on market cap, Numis was the top Aim broker, with clients worth £13.6bn.

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