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EXCLUSIVE: 2017 eprivateclient Top Trust Companies revealed

22/05/2017 Will Sidery

Welcome to the 2017 eprivateclient Top Trust Companies – a comprehensive and in depth look at the UK and Crown Dependencies' leading fiduciary service providers for private clients across the globe.

As with the recently launched 2017 eprivateclient Top Law Firms, the Top Trust Companies is no longer restricted to 25 firms – allowing eprivateclient to recognise and promote firms that did not make the cut in previous years. 

For 2017 32 firms are included in the rankings – and, as with the Top Law Firms – are divided into tiers, with, for this year, 12 firms in Tier I, 14 in Tier II and a further six in Tier III.

The tiers are not based on size alone but on reputation, quality of service, how the firms have fared in the past 12 months, any M&A activity, as well as the extent of their UK offering.

The 12 trust companies in Tier I have a total of 255 directors (an average of 21 per firm), 1,258 client facing trust officers and managers  (an average of 104 per firm) and private client fee income in 2016 of £351.7 million at an average per firm of over £29 million. 

The 14 firms featuring in Tier 2 had an average of 11 directors and 32 trust officers (149 and 446 overall respectively) and had a combined fee income of £142.6 million last year or £10.2 million per firm. 

The six companies in the third tier have some 55 directors and 213 client facing trust officers working for them (an average of 10 directors and 36 trust officers per firm) and generated combined income of £57.4 million (£9.6 million per firm).

Across the entire rankings the 32 firms employ almost 4,500 staff including 459 directors, 1917 trust officers/managers and brought in over half a billion pounds in fee income (£551.7 million) in 2016.

Across the tiers the average percentage that overall fee income is generated from private clients is steady with around 54 percent in Tier I, 67 in Tier II and 68 percent in Tier III with percentages ranging from less than fifty to 100 percent.

The rankings, based on a survey of over 100 trust companies in the UK and its Crown Dependencies, are focused on data for 2016. Where data was not provided by firms, publisher’s estimates are made, which are clearly labelled on the rankings.

To see the 2017 eprivateclient Top Trust Companies please click here.

The 2017 eprivateclient Top Trust Companies is kindly supported by Seven Investment Management.

A champagne reception will be held for the winners in London on 27 June 2017.

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