Net fees at CPA firms and per-partner income grew this past year, according to the newly released Rosenberg Survey.
The Rosenberg Survey, now in its 17th year, reports on the results of 395 accounting firms ranging from $2 million to $20 million in annual fees. Nearly 100 CPA firm metrics are included in the survey by the St. Louis-based advisory firm, The Growth Partnership, and Marc Rosenberg of Rosenberg Associates.
The 2015 survey found the average growth in net fees at firms was 6.7 percent, the same percentage of growth as last year. Mergers and acquisitions accounted for 30 percent of this growth rate, compared to 22 percent last year. Income per partner grew from $382,000 last year to $392,000.
The number of partners over the age of 50 continues to increase. The report found that 64.1 percent of partners the firms polled are over the age of 50, up from 52.0 percent in 2005. The average buy-in for new partners rose 7 percent to $144,000 from $135,000 last year.
The Rosenberg Survey will be sent to participants later this month. The survey can also be purchased for $475. For more information, visit www.rosenbergsurvey.com.
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