MSI Ragg Weir also provides a raft of SMSF services including advice on pensions, property, estate planning and contributions.

Morrows chair and director Murray Wyatt said the 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.

“Additionally, both companies are looking to provide greater opportunities to employees, an enhanced client experience and to allow our respective communities to flourish together,” said Mr Wyatt.

The six partners of Ragg Weir Partners will become principals of Morrows, and all employees from MSI Ragg Weir, he said, will be offered roles with the merged company.

“The merger will give Morrows an experienced auditing division through the addition of MSI Ragg Weir’s suite of services,” he said.

“For MSI Ragg Weir the benefits include access to a strengthened financial planning division and legal division. Both companies are multigenerational firms and have shared values, with similar cultures and goals.”

The strategic benefit for Morrows, he said, is an increasing number of clients that have business interests in other countries and this will allow Morrows to more effectively provide clients with advice or contacts with like-minded advisors internationally.

“In addition to our strong brand presence in Victoria, we want to create a partnership that would continue to build on our practice while still being aligned to our culture and direction,” said Mr 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.”

MSI Ragg Weir managing partner Ian Jenkins said MSI Ragg Weir can now offer a wider array of services to clients, especially to those outside of their traditional service lines.

“Many accounting firms are learning of the benefits of sharing resources, geographies, and complementary skills. Morrows and MSI Ragg Weir are both trusted names in their respective markets. They are now even better positioned for strategic growth,” said Mr Jenkins.