The Rehmann Group plans to merge with MSW Group to create Michigan's second largest wealth management and consulting firm.

The merger is expected to take effect on Jan. 1, 2009. The combined firm will retain the Rehmann Group name and have about 600 employees, including approximately 560 from Rehmann and 35 from MSW Group, according to spokesperson Joanie Rizzio. Rehmann plans to keep all of MSW's employees and its office in Farmington Hills, Mich., in addition to Rehmann's own offices in Cheboygan, Grand Rapids, Jackson, Lansing, Midland, Muskegon, Saginaw, Traverse City and Troy.

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