Consent of Independent Auditors

We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 33-72996)  pertaining to The Morgan Group, Inc. Incentive Stock Plan and
in the Registration  Statement (Form S-8 No. 33-72998)  pertaining to The Morgan
Group,  Inc.  401(k) Profit  Sharing Plan of our report dated  February 9, 2001,
with  respect to the  consolidated  financial  statements  and  schedules of The
Morgan Group,  Inc. included in the Annual Report (Form 10-K) for the year ended
December 31, 2000.

                                                           /s/ Ernst & Young LLP

Greensboro, North Carolina
March 30, 2001