(PRWEB) September 03, 2013
INSIDE Public Accounting (IPA) is pleased to present its fourth annual ranking of the IPA 200 public accounting firms.
“With more than 500 firms participating in the IPA annual Survey and Analysis of Firms this year, along with many CPA firm associations contributing to the search to identify the IPA 200, this prestigious group joins the IPA 100 as the definitive ranking of the nation’s largest public accounting firms,” says Kelly Platt, principal of The Platt Group, the publisher of IPA.
For the most recent fiscal year, IPA 200 firms range in size from $14 million to $30 million, and from 60 to 200 staff. As a group, they account for over 11,000 staff across 300 offices, generate $2 billion in revenues.
“The IPA 200 averaged 4.3% top-line growth, and 3.7% growth in the bottom line,” says Michael Platt, principal of the Platt Group, the publisher of IPA. “A full 20% of the IPA 200 derive more than 30% of their revenues from non-traditional services, providing powerful and profitable niches for these firms. The Southeastern U.S. finds itself home to the highest concentration of IPA 200 firms at 28%, followed closely by the Western states at 24% of the total,” Platt says.
“Similar to their IPA 100 peers, the IPA 200 are also engaged in acquisitions to grow in size, scope and capability, with over 25 mergers reported for the group last year, pulling over 400 staff and $40 million more to the aggregate numbers of the group,” says Kelly Platt.
“We are pleased to announce Braver has been recognized as one of the largest accounting firms in the nation by INSIDE Public Accounting for four consecutive years,” said Dennis S. Pellecchia, Chairman, President & CEO, Braver PC. “This recognition is a true reflection of the hard work and dedication of our exceptional team of professionals. We continually aim to exceed our clients’ expectations at every stage of the client engagement and beyond.”
The report on the IPA 200 and IPA 100 is one of the most comprehensive of its kind and is the most current snapshot of the financial and operational health of the largest firms in the nation.
Highlights of the IPA 200:
- 4.3% – Average revenue growth (up 79.1% from last year)
- 3.7% – Average net income growth
- 13.8% – Average staff turnover (down 1.4% from last year)
- $80,448 – Average pay per professional staff (up 3.1% from last year)
- $415,483 – Average equity partner compensation
For the complete list of 2013 IPA 200 firms, go to:
About The Platt Group and INSIDE Public Accounting
INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report. The Platt Group also advises, consults and helps firms move to a more successful level. With more than 26 years of independent reporting and more than 23 years of surveying and benchmarking experience, The Platt Group works with managing partners, CFOs and thought leaders across the nation to provide practical ideas, benchmarking data and information to take firms to the next level of improvement.
About Braver PC
Braver PC provides accounting, tax, assurance, business and tax consulting services to family-owned and privately-held businesses, not-for-profit and governmental organizations and individuals. Braver PC brings together five service lines, accountants & advisors, wealth management, technology solutions, business strategies, and valuation services to support the evolving needs of businesses and organizations as they grow.
Headquartered at 117 Kendrick Street, Suite 800 Needham, Massachusetts, Braver PC, the 13th largest public accounting firm in Massachusetts, has offices in Needham, Taunton, and Providence, Rhode Island. For more information, visit: http://www.thebravergroup.com.