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RSM McGladrey Strikes Alliance With Memphis-based Investment Firm


MINNEAPOLIS, Jan. 25, 2001 (SmartPros) Accounting and consulting giant RSM McGladrey Inc. has struck an alliance with Memphis-based investment firm Morgan Keegan & Company Inc. to serve the business advice and financial services needs of community banks.



The deal should give RSM McGladrey and Morgan Keegan a competitive advantage in the marketplace, according to the accounting firm, which noted that immediate plans include making joint service calls on key community banking clients to familiarize them with both of the organizations and their services.

"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," said Jim Koltveit, executive vice president of RSM McGladrey's Financial Institutions Group, which serves about 1,000 community banks nationwide.

"This alliance will enable us to provide services beyond what we have traditionally provided alone," Koltveit added.

"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," said Wade Schuessler, managing director of Morgan Keegan. The investment firm has 50 offices in 13 states.

-- SmartPros News Staff

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