The original reasoning for establishing CPA Australia Advice remains valid but there was insufficient demand from members to make it financial viable, according to further details outlined in PwC Strategy’s assessment.

CPA Australia announced last week it is exiting the business of CPA Australia Advice after a post implementation review by PwC Strategy found the business was no longer financially viable.

Financial services firm Morrows has announced a strategic merger with MSI Ragg Weir, an accounting, wealth management, auditing and superannuation firm in Melbourne, to create a mid-tier firm, effective today.