eprivateclient

EXCLUSIVE: 2020 eprivateclient Top Trust Companies revealed

News Team, 07/09/2020

Today sees the publication of the 2020 eprivateclient Top Trust Companies – a detailed analysis of the leading fiduciary service providers for private clients and their families across the globe.

The Top Trust Company rankings are the fourth in an annual series released by eprivateclient to be published so far this year and follows the recent publications of the 2020 Top Residential Property Buyers, Top Offshore Law Firms and Top Family Law Firms' rankings that came out earlier this year.

Today’s rankings will be followed in the next few weeks with the Top Law Firms and Top Accountancy Firms’ rankings.

As with the 2019 rankings, in order to reflect the different needs of both clients and their advisers we have divided the firms that feature into two groups – independent trust companies and non-independent ones (those that are either bank-owned, private equity-backed or are listed).

Across the two sets of rankings, there are 43 firms (up from 39 last year) with 22 non-independent firms (up from 18 in 2019) spread across two tiers and 21 in two tiers in the independent trust company rankings.

The tiers are not based on size alone but on reputation, quality of service, how the firms have fared in the past 12 months, any M&A activity, as well as the extent of their global offering.

For the non-independent trust companies, the 22 firms are split between 12 in Tier I and a further ten in the second tier. The 12 firms in Tier I employ a total of 421 directors (average of 35.1 per firm), ranging from 56 (TMF) to 15 (RBC). 

The firms have 1939 trust officers/managers (162 per firm), ranging from 480 at IQ-EQ to 75 at Vistra. Total staff numbers of 4669 (389 per firm) with IQ-EQ again at the top with 930 staff and Oak Group bringing up the rear with 200. Fee ...

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