McGladrey Joins Forces with Morgan Keegan
RSM McGladrey, Inc., a national accounting, tax and consulting firm, and Morgan Keegan & Company, Inc., a leading investment firm, have announced a strategic alliance to serve the business advice and financial services needs of community banks.
"We serve approximately 1,000 community banks nationwide," said Jim Koltveit, executive vice president of RSM McGladrey's Financial Institutions Group. "In the normal course of business, we encounter clients with a variety of needs that Morgan Keegan can help meet, such as assistance with public offerings, private placements, equity research and trading, and fixed-income services. Aligning ourselves with a firm of Morgan Keegan's caliber will help ensure our clients have access to quality service and financial advice."
Wade Schuessler, managing director of Memphis-based Morgan Keegan, said the relationship will be mutually beneficial. "Our goal is to utilize RSM McGladrey professionals to provide consulting services in the areas of operations, marketing, business planning, human resources and information technology."
For example, he explained, "We often assist clients with the financial aspects of mergers and acquisitions. A critical step in maximizing the benefits associated with a merger or acquisition is successfully integrating diverse cultures, processes and procedures, etc. We will provide value to our clients by involving experienced RSM McGladrey professionals during the critical merger integration period."
In addition, Koltveit said the alliance should give RSM McGladrey and Morgan Keegan a competitive advantage in the marketplace.
"This alliance will enable us to provide services beyond what we have traditionally provided alone," he noted, adding that immediate plans include making joint service calls on key community banking clients to familiarize them with both of the organizations and their services.
RSM McGladrey is a leading accounting, tax and consulting firm serving 1,500 financial institutions from more than 100 offices nationwide. RSM McGladrey is linked with more than 80 independently owned CPA firms in the United States and Puerto Rico through the McGladrey Network. In addition, the company is the U.S. member of RSM International, the eighth-largest accounting and consulting organization in the world.
Morgan Keegan & Company, Inc. is one of the South's largest investment firms. Through its 50 offices in 13 states, Morgan Keegan serves individual investors in the southern United States and institutional clients throughout the United States and abroad. With more than 2,000 employees and $250 million in equity capital, Morgan Keegan is an established leader in the financial services industry.
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