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Who are the 50 or 100 largest compliance consultants to financial institutions in the US? On the list will be firms like ACA, Duff & Phelps / CounselWorks, and firms like Compliance Risk Concepts, Optima Partners, Vigilant Consulting (these latter firms may not be among the largest, but they are the sort of firms that I am interested in). The biggest players in this space are big firms that do a lot of other things, like: Deloitte, E&Y and PwC.
We have located the top U.S. companies who are compliance consultants to financial institutions in the United States. We chose United States consultants since we were asked to focus on U.S. financial institutions. EY is the largest with $32.3 billion in revenue and 231,000 employees. In the top 5 based on revenue were Manpower Group, McKinsey and Company, Conduent, Inc., and Booz Allen Hamilton. There were only 2 companies that were over $10 billion in revenue and 17 that were over $1 billion. The complete list is on the attached spreadsheet along with revenue, number of employees, company specialty, contact information, and links to their website.
FINDINGS
Using the available resources were able to list the top U.S. compliance consultants to financial institutions based on revenue. In addition, we provided the number of employees, company specialty, contact information when it was available, and links to company websites.
EY is the largest compliance consultant based on both revenue and number of employees. Its revenue is over $32 billion and they have 231,000 employees. EY's corporate office is in London, but they have the Parthenon Group in Boston, which is a part of EY. Other top U.S. compliance partners are Manpower Group, McKinsey and Company, Conduent, Inc., and Booz Allen Hamilton. A complete list is located on the attached spreadsheet. There were 17 listed that were over $1 billion in revenue. The smallest one was Enaxis Consulting LP, with $1 million in revenue and 5 employees.
Except for EY and Manpower Group, none of the rest of the companies have hit $10 billion in revenue yet. The number of employees greatly varies amongst the companies. We believe this would be relative to the number of services they offer. Conduent, has a revenue of $6 million with almost 100,000 employees, whereas McKinsey and Company only have 18,000 employees with over $8 million in revenue.
The majority of the compliance consultants are located in New York, but there are several in Boston, Chicago, Dallas, as well as other cities in the United States. While most of them listed management consulting services as their main specialty, some added in business support services, and a few listed diversified financial services.
Contact information is listed on the attached spreadsheet for those companies providing it, however many of the companies listed do not. Some have a form that can be filled out on the contact us tab on the website.
CONCLUSION
In summary, we have listed the top U.S. compliance consultants to financial institutions based on revenue. EY was the largest by far with over $32 billion in revenue and 231, 000 employees. There were only two companies that were over $10 billion and there were only 17 that were over a billion. The majority of the companies listed management consulting services as their main activity, however, some included business support services and a few listed diversified financial services. Each of the companies is listed in the attached spreadsheet with information on revenue, numbers of employees, and links to their websites where you can fill out a form to contact them.