Nexia International breaks $3bn

FEES GREW modestly as a whole across Nexia International in 2014, according to its globally aggregated fees.

Nexia, which operates in the UK with Smith & Williamson, Saffery Champness and Scrutton Bland in its network, said fees climbed 5% to more than $3bn (£2bn).

The Middle-East & Africa region reported the largest growth, at 45%. While its Latin America firms grew a combined total of 15%.

Another 15 firms joined the network during the period.

Kevin Arnold, CEO of Nexia International, said: “This reported increase in fee income is great news. Across the network we are seeing some encouraging returns from the time and resources we have invested in improving referral activity, which is helping all members to grow.”

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