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 12, 1999,
except  Note 7, as to which  the date is March 19,  1999,  with  respect  to the
consolidated  financial  statements  of The Morgan Group,  Inc.  included in the
Annual Report (Form 10-K) for the year ended December 31, 1998.

                                               /s/  Ernst & Young LLP


Greensboro, North Carolina
March 26, 1999