RSM, the adviser of choice to entrepreneurial growth-focused organisations globally, is pleased to announce a 6% increase in global fee income, to US$4.64 billion, for the financial year ending 31 December 2015. RSM has also moved up one place in the global ranking and is now the 6th largest global network of independent audit, tax and consulting firms.
Fee income was up 10% in the USA, 10% in Europe (based on fee income in local currencies), 6% in Middle East and North Africa, 1% in Asia Pacific, and 9% in Latin America. Audit and accountancy fees increased by 4% to US$2.27 billion, tax grew by 7% to more than US$1.35 billion, and consulting/advisory was up 6.9% to US$1.02 billion.
On 26 October 2015, RSM member firms globally adopted the brand and trading name ‘RSM’. The unified brand enables RSM to better communicate its strengths and global service capabilities as the adviser of choice to the middle market.
Jean Stephens, CEO of RSM, said: “We have had a very positive year and these figures indicate that RSM is going from strength to strength. RSM firms worldwide are helping companies operate in an increasingly complex and rapidly changing environment by providing expert advice and insights that are based on a deep understanding of their business wherever they may be. Our unified brand is allowing us to focus on the needs of our clients even more, giving them the confidence to take their business forward”.
During 2015, RSM appointed eleven new member and correspondent firms in Bangladesh, Belarus, Bosnia and Herzegovina, Colombia, Italy, Mali, Niger, Philippines, Sri Lanka, Tajikistan and Zimbabwe. RSM now comprises more than 38,000 staff working across 760 offices in 120 countries.
Jean Stephens added: “The professional services industry will continue to be driven by changes in the business landscape. Middle market companies are likely to experience a rise in demand for services and products as advanced economies expand further. RSM members around the world will service and grow with clients who wish to expand their offering or size in order to compete in a more unified global economy. The need for greater cross-border collaboration is consequently vital for growth and survival in the current climate.”
RSM provides clients with a seamless, multi-disciplinary service on a global basis. This is accomplished through focusing on the quality of its work, integrity of its people, living its brand values and having close, trusted client and team relationships.
Ms Stephens continued: “The worldwide rebrand was a huge success, and the network is energised by our shared purpose and vision for the future. I am looking forward to the exciting opportunities ahead and in continuing to expand globally under a single unified brand.”