IPA Announces the IPA 100 Fastest-Growing Firms

IPA identifies the 10 fastest-growing IPA 100 firms based on reported organic growth in net revenue, without the influence of mergers. While growth with mergers represents the true growth, isolating organic growth provides insight into the strength of the growth engine of the firms.

This year’s IPA 100 Fastest-Growing Firms experienced an impressive average organic increase in net revenue of 17.3%.

 

The 2019 IPA 100 Fastest-Growing Organic Growth Firms

Whitley Penn LLP / Fort Worth, Texas / 24.4%
The Siegfried Group LLP / Wilmington, Del. / 23.2%
Schellman & Company LLC / Tampa, Fla. / 20.0%
Katz Sapper & Miler / Indianapolis / 16.3%
Gursey | Schneider LLP / Los Angeles / 16.2%
SVA Certified Public Accountants SC / Madison, Wis. / 15.8%
Friedman LLP / New York / 15.0%
Frazier & Deeter LLC / Atlanta / 14.8%
Andersen Tax / San Francisco / 13.8%
MGO LLP / Los Angeles / 13.0%

The 2019 IPA 100 All Growth Fastest-Growing Firms

IPA also identifies the 10 fastest-growing IPA 100 firms based on reported all growth in net revenue, including the influence of mergers.

Hogan Taylor LLP / Tulsa, Okla. / 31.0%
Baker Tilly / Chicago / 30.6%
Cohen & Company / Cleveland / 26.3%
Rea & Associates Inc. / New Philadelphia, Ohio / 23.4%
Rehmann LLC / Troy, Mich. / 23.3%
The Siegfried Group LLP / Wilmington, Del. / 23.2%
RKL LLP / Lancaster, Pa. / 21.5%
BerryDunn / Portland, Maine / 20.8%
Schellman & Company LLC / Tampa, Fla. / 20.2%
Moss Adams LLP / Seattle / 19.7%

Highlights of the 2019 IPA 100 Public Accounting Firms

  • Organic growth (excluding mergers) grew this year to 6.7%, up from 6.3% in 2018.
  • More than 110 acquisitions (both traditional CPA firms as well as other non-CPA firms) were reported, pushing the overall growth rate to 9.9%, also up slightly from the 2018 all-growth rate of 9.4%.
  • Organic growth in net income grew to 9.9% this year, an increase from 6.4% in 2018. Factoring in acquisitions, net income growth is up to 12.2%.
  • Average equity partner billing rates now top $450 per hour for the IPA 100.
  • Professional staff turnover (CPAs and other client-serving staff) averaged 16.2% for the IPA 100; with 1 in 5 IPA 100 firms averaging more than 20% professional staff turnover.
  • Eight female managing partners are now at the helm of the IPA 100 firms for the first time since IPA began tracking this data.
  • Average annual equity partner compensation at the IPA 100 is now $660,000.
  • One out of 11 equity partners / owners in a CPA firm are not licensed CPAs.

In-Depth Financial and Operational Benchmarking of the Accounting Profession

Financial and operational analysis of 550 public accounting firms will be published in late September in the 2019 INSIDE Public Accounting National Benchmarking Report.

Subscribe to the IPA newsletter to receive the upcoming benchmarking analyses and in-depth interviews with key leaders within the profession. IPA offers a complimentary news source, the IPA INSIDER E-News Update. Sign up online.

Purchase any of the 2019 IPA benchmarking products, including the IPA National Benchmarking Report, to gain insider strategies.

To interview or engage the partners at INSIDE Public Accounting, please contact Chelsea Summers at (317) 733-1920 or csummers@plattgroupllc.com.

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