Swiss bank UBS closes in on US rivals in FTSE 100 broker rankings
Swiss bank UBS has closed the gap on its US rivals at the top of the FTSE 100 stockbroker ranking list for the third quarter (Q3), moving up to joint third place with 22 clients.
UBS, which acts for blue chip companies such as oil major BP, mining giant BHP Billiton and consumer goods company Unilever, added one client during the quarter to 2 August to take it into joint third place in the rankings.
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Bank of America Merrill Lynch remains in joint first place, tied with JP Morgan Cazenove with 27 clients apiece.
Morgan Stanley and UBS are tied in third place on 22 clients after Morgan Stanley lost a client during the quarter.
Barclays remains in fifth spot with 20 clients according to the research from Adviser Rankings.
UBS also extended its lead on the top of the FTSE 100 financial adviser rankings with 14, beating Bank of America Merrill Lynch on 11, Morgan Stanley on 10 and Citi and Goldman Sachs both with eight.
Numis also had a strong quarter, extending its overall clients lead in the stockbroker rankings, taking first place in the financial adviser rankings, and doubling its FTSE 100 client count to four.
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Numis had 203 stock market clients in Q3, beating JP Morgan Cazenove into second place with 186.
Peel Hunt had 124 clients, Finncap had 116 and Cenkos Securities rounded out the top five with 114 clients.
KPMG was the audit firm with the most stock market clients with 382.
It was joint top of the FTSE 100 list with 27, alongside its Big Four rivals Deloitte and PwC.
Magic circle firm Slaughter and May was the law firm with the most FTSE 100 clients on 34 while in the financial public relations world FTI Consulting has the most clients with 163 and Brunswick the most FTSE 100 clients with 23.