MELBOURNE, AUSTRALIA, 2ND JULY 2018: Morrows, a leading financial services firm, has today announced a strategic merger with MSI Ragg Weir, an accounting, wealth management, auditing and superannuation firm in Melbourne, effective today.
Six (6) MSI Ragg Weir Partners will become Principals of Morrows, and all employees from MSI Ragg Weir will be offered roles with the merged company. They will join Morrows multidisciplinary firm that specialises in family office, accounting, wealth creation, legal, superannuation and best-of-breed business technology solutions. The merger will give Morrows an experienced auditing division through the addition of MSI Ragg Weir’s suite of services. For MSI Ragg Weir the benefits include access to a strengthened financial planning division and legal division. Both companies are multi-generational firms and have shared values, with similar cultures and goals.
“This merger will strategically transform the current operations of Morrows, giving both MSI Ragg Weir and Morrows a strengthened position as an ‘Advice House’ in the market,” said Murray Wyatt, Chairman and Director of Morrows.
“Additionally, both companies are looking to provide greater opportunities to employees, an enhanced client experience and to allow our respective communities to flourish together.”
MSI Ragg Weir are part of the MSI global alliance that has 250 Accounting and Legal firms worldwide. Morrows see this as a strategic benefit as an increasing number of clients having business interests in other countries and this will allow Morrows to more effectively provide our clients with advice or contacts with like-minded advisors internationally.
“As ‘One Team’, the combination will bring together a strengthened mid-tier firm capable of delivering seamless, synergistic, quality advice to the clients.” said Murray Wyatt.
“In addition to our strong brand presence in Victoria, and we wanted to create a partnership that would continue to build on our practice while still being aligned to our culture and direction,” said Murray Wyatt. “The team at MSI Ragg Weir has a highly regarded reputation and a business emphasis that is very compatible with our own. We are looking forward to shared success as one team.”
“Morrows’ valued advice approach and attention to excellent client service mirrors our own,” said Ian Jenkins, Managing Partner, MSI Ragg Weir. “We can now offer a wider array of services to clients, especially to those outside of our traditional service lines.” Ian Jenkins will continue to serve as a Principal in the combined firm.
This merger comes at a time when more and more accounting firms understand the potential impact and importance of joining together for future growth and enhanced service to customers.
“Many accounting firms are learning of the benefits of sharing resources, geographies, and complementary skills,” said Ian Jenkins. “Morrows and MSI Ragg Weir are both trusted names in their respective markets. They are now even better positioned for strategic growth.”
Morrows is a full-service family office, accounting, wealth creation, superannuation, legal, and business technology firm. Morrows has a long-established reputation for quality independent advice and service delivery, giving clients a suite of multidisciplinary services. The company has invested heavily in culture and has one of the most employee-centric workforces in the industry. Having implemented a Career Pathway program with a focus on learning and development, all team members have a clear career path and opportunities to progress, while benefiting from work-life balance, a family friendly work culture, skill-sharing, job-sharing arrangements and flexible work options. All memberships, wills, and professional development are funded by Morrows. For more information, visit www.morrows.com.au
About MSI Ragg Weir Strategies
MSI Ragg Weir provides a full suite of business, financial and computer systems services. Primarily known for their extensive expertise in accounting solutions, they have built a powerful brand name in the market which has fuelled growth in many other parts of the business. MSI Ragg Weir understands that effective decision-making requires accurate insights, strategic planning and significant forethought. They exist as a complete business partner, providing trusted advisory services that truly add value to their clients at every turn. From business development and start-up appraisals to compliance and succession planning, MSI Ragg Weir has the talent and real-world understanding to drive your business to the next stage.
For more information, please contact:
Media Manager, Christina Kortesis or Payal Keswani (03) 9692 7600
Chairman and Director, Morrows, Murray Wyatt
Managing Partner, MSI Ragg Weir, Ian Jenkins