Tracking the fastest growers
In2003Money Managementundertook the Fastest Growing Dealer Group survey for the first time. For the survey, we gathered the Top 100 Dealer Groups survey data for the previous four years (1999 to 2002), which lists groups by size in terms of adviser numbers.
By combining these numbers and working out the aggregate increase (or decrease) in numbers over this period, we came up with our list of 2003 Fastest Growing Dealer Groups. We also compared these figures on a year-to-year basis, ensuring that we obtained results on both a broader time frame but also that recent growth was reflected.
This year we have undertaken the process in a slightly different way — we have compared the 2002 adviser numbers with the 2003 data to determine the fastest growers (and fastest shrinking groups) over the last year.
We have also determined growth over the five years between 1999 and 2003 (see table above), but our focus has been looking at which have been the Fastest Growing Dealer Groups in the 12 months since we last covered this issue.
In compiling the list, we have taken note of those groups that merged with other groups, and produced another list, excluding these merged groups, to show which dealers have grown purely organically.
Finally, we removed from the original lists all the groups that are fully or partially owned (20 per cent or more) by institutions to create the list of Fastest Growing Independent Dealers.
All data for the Top 100 survey and the Fastest Growing Dealer Groups list was originally supplied by the dealer groups.
AUTHOR
Freya Purnell
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