Double-Digit Growth Still Possible For The Top 100

In the current environment, 10% growth among the IPA 100 firms continues to be a metric that is the envy of their peers. Single-minded focus on growing industry niches and deepening expertise are the hallmarks of those firms excelling. Wilmington, Del.-based The Siegfried Group, the fastest-growing IPA 100 firm, has made the most of an alternative business model.

The firm’s resourcing practice is unique. Firm employees are placed with clients to help them with “strategically significant” work, so the firm’s rates of growth and decline are magnified depending on which way the economic growth curve is pointing. According to the AICPA, any firm that is predominantly owned by licensed CPAs is considered a CPA firm.

The Siegfried Group made its debut in 2005 at $40 million. By 2007, they grew to $86 million. In 2009, Siegfried dropped by more than half to $38.9 million. Two years later, Siegfried regained ground to come in at No. 48, with $65.4 million in net revenues.

The remaining top 10, including two ties, are: New York-based Raich Ende Malter & Co. and Lancaster-Pa.-based Reinsel Kuntz Lesher, both at 18.2% growth; San Ramon, Calif.-based Armanino McKenna at 17.6%; Fort Worth, Texas-based Whitley Penn at 17.2%; Portland, Maine-based BerryDunn at 14.8%; Jericho, N.Y.-based Grassi & Co. at 12.0%; Providence, R.I.-based Kahn, Litwin, Renza & Co., at 11.7%; Roseland, N.J.-based Rothstein Kass at 11.3%; and San Francisco-based Novogradac & Co. and Rockville, Md.-based Aronson, both experiencing 10.0% growth.

See the entire IPA Top 100.