Grant Thornton reported Thursday that its U.S. member agency reached report revenues of $1.97 billion for the fiscal 12 months ended July 31, 2021.
Income from advisory providers made up 39% of charges, accounting and auditing charges comprised 35%, and tax providers accounted for 26% of income.
The agency noticed its income improve regardless of the COVID-19 pandemic, which brought about GT to make fast changes to assist its workforce. The agency provided worker advantages akin to psychological wellness, childcare, house meal preparation and tutoring, whereas introducing a “return-to-work” hybrid office mannequin that offers the agency’s professionals extra autonomy and adaptability through the pandemic.
“Now we have realized that with the precise assist, our individuals can serve our purchasers with excellence from anyplace,” stated Grant Thornton CEO Brad Preber in an announcement. “Our teammates have totally different consolation ranges with returning to face-to-face interactions, totally different wants for in-person contact and totally different household tasks. That is why we created a coverage that delivers distinctive outcomes for purchasers with out requiring attendance in our workplaces or at consumer websites for a lot of enterprise conditions.”
Preber is about to retire subsequent summer season, and final month the agency’s partnership board named Seth Siegel to succeed him on Aug. 1, 2022 (see story). GT additionally named a number of different new leaders previously fiscal 12 months, together with Janet Malzone because the agency’s nationwide managing associate of audit providers and Jeff Hughes because the nationwide managing associate for audit high quality and Danger. GT additionally named Beatrix Bernauer as chief threat and compliance officer, and Partho Ghatak as its chief info safety officer. As well as, GT named Rashada Whitehead as its nationwide managing director of tradition, immersion and inclusion.
Grant Thornton additionally established a Heart of Excellence in Orlando, Florida, this previous 12 months to develop extra providers to assist tax purchasers flip information into insights.
Simply after FY 2021 wrapped, Grant Thornton’s Partnership Board additionally named Seth Siegel because the agency’s CEO-elect. His time period as CEO will start on August 1, 2022, instantly following present CEO Brad Preber’s obligatory retirement after virtually 20 years in management roles on the agency.