Regional firms link up to offer corporate finance expertise

A GROUP of regional firms are banding together to provide corporate finance services to practices that require the expertise on behalf of their clients.

The network of firms will market their services to other firms under the newly created Goldsmiths Corporate Finance brand.

The marketing vehicle will promote the services of the firms for smaller practices whose clients require specialist corporate finance expertise.

Currently, seven firms are signed up to the project: PEM Corporate Finance; Clarkson Hyde; Milsted Langdon; Watts Gregory; Duncan Sheard Glass; Harwood Hutton; and Champion & Co.

PEM partner Lake Falconer, Clarkson Hyde senior partner Malcolm Coomber and Ron Goldsmith (pictured) will serve as the network's management team.

There is not enough corporate finance work for smaller firms to invest in expertise, explained the team. Smaller firms' clients often turn to corporate finance providers who fail to provide a good enough service. Referring to other expert accountants should give the smaller firms comfort that their client will be provided with good advice.

The smaller practices will receive a commission for referring on their clients. These firms can be as involved in the process as they want to, said Goldsmith.

"Let's keep it in the profession and also support smaller practices," he added.