| [X] | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|-----|------------------------------------------------------------------------------------------------|

| [       ]  | TRANSITION      REPORT PURSUANT TO SECTION 12 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------------------|----------------------------------------------------------------------------------------------------|

|  Nevada                                                        |  93-1215401                             |
|---------------------------------------------------------------------|----------------------------------------------|
| (State      of jurisdiction of incorporation or organization)  | (I.R.S.      Employer Identification Number) |
|                                                                |                                         |
|                                                                |                                         |
| 10939      Pendleton StreetSun      Valley, California              |        91352                            |
| (Address      of principal executive offices)                       |   (Zip      Code)                  |
|                                                                |                                         |
| Registrant’s      telephone number, including area code:      |  (818)      394-2800                    |
|                                                                |                                         |

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| (a)   | Financial      Statements |
|-----------------|---------------------------|

| Number                                    |   | Exhibit      Description                                                                                                                                                                                                                                                                           |
|------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1                                            |   | Agreement      and Plan of Reorganization and Merger, dated as of January 23, 2001, among      MRM Registrant and MRM Acquisition Inc. (1)                                                                                                                                                         |
| 2.2                                            |   | Agreement      to transfer equity dated August 10, 2000. (3)                                                                                                                                                                                                                                       |
| 3.1                                            |   | Articles      of Incorporation of Registrant. (5)                                                                                                                                                                                                                                                  |
| 3.2                                            |   | Amendment      to Articles of Incorporation. (5)                                                                                                                                                                                                                                                   |
| 3.3                                            |   | 2003      Amendment to Articles of Incorporation. (9)                                                                                                                                                                                                                                              |
| 3.4                                            |   | By-laws      of Registrant. (5)                                                                                                                                                                                                                                                                    |
| 10.1                                           |   | Consulting      Agreement dated October 15, 2001 with BJH Management LLC.    (4)                                                                                                                                                                                                                   |
| 10.2                                           |   | Stock      Issuance Agreement dated December 30, 2002 with BJH Management LLC.      (4)                                                                                                                                                                                                            |
| 10.3                                           |   | Employment      Agreement dated December 30, 2002 with Bruce J. Haber.  (4)                                                                                                                                                                                                                        |
| 10.4                                           |   | Employment      Agreement dated December 30, 2002 with Louis Buther.(4)                                                                                                                                                                                                                            |
| 10.5                                           |   | Engagement      Letter – William M. McKay (4)                                                                                                                                                                                                                                                |
| 10.6                                           |   | Consulting      Agreement dated February 3, 2003 – Richard Whitman (6)                                                                                                                                                                                                                       |
| 10.7                                           |   | Extension      and Modification Agreement, dated March 7, 2005, by and among U.S. Bank      National Association,      successor in interest to Santa Monica Bank, PRI Medical Technologies,      Inc., Physiologic Reps,      Medical Resources Financial, Inc. and Emergent Group Inc.      (13) |
| 10.8                                           |   | Asset      Purchase Agreement – Advantage Medical Services, LLC and Non-Competitive,      Non-disclosure and Non-Solicitation Agreement (10)                                                                                                                                                 |
| 10.9                                           |   | Accounts      Receivable Purchase Agreement executed May 25, 2005 by and among Access      Capital, EGI and EGI’s wholly-owned subsidiary, PRI Medical Technologies,      Inc. (11)                                                                                                          |
| 10.10                                          |   | May      2005 Letter Agreement by and among EGI and the limited guarantors, Bruce      J. Haber, Mark Waldron, William M. McKay and Louis Buther    (11)                                                                                                                                           |
| 10.11                                          |   | May      2005 Amendment to Employment Contract of Bruce Haber  (11)                                                                                                                                                                                                                                |
| 10.12                                          |   | May      2005 Amendment of Employment Contract of Louis Buther  (11)                                                                                                                                                                                                                               |
| 10.13                                          |   | Services      Agreement dated July 1, 2006 with BJH Management LLC  (14)                                                                                                                                                                                                                           |
| 10.14                                          |   | July      1, 2006 Amendment to Employment Contract of Louis Buther    (14)                                                                                                                                                                                                                         |
| 10.15                                          |   | Facility      Lease – Sun Valley, California (12)                                                                                                                                                                                                                                            |
| 10.16                                          |   | Amendment      to Exhibit 10.13 (12)                                                                                                                                                                                                                                                               |
| 10.17                                          |   | March      2007 Amendment to Exhibit 10.4 (12)                                                                                                                                                                                                                                                     |
| 10.18                                          |   | Credit      Agreement with City National Bank effective June 23, 2008    (16)                                                                                                                                                                                                                      |
| 10.19                                          |   | Asset      Purchase Agreement to purchase the Surgical Division of PhotoMedex, Inc.      (17)                                                                                                                                                                                                      |
| 10.20                                          |   | Amendment      to City National Bank Line of Credit (18)                                                                                                                                                                                                                                           |
| 10.21                                          |   | Audit      Committee Charter effective November 10, 2008 (15)                                                                                                                                                                                                                                      |
| 11.1                                           |   | Statement      re: computation of per share earnings (see consolidated financial      statements and notes thereto).                                                                                                                                                                               |
| 14.1                                           |   | Code      of Ethics (15)                                                                                                                                                                                                                                                                           |
| 21.1        |   | Subsidiaries      of Registrant listing the state or other jurisdiction of each subsidiary      other      than subsidiaries which would not constitute a significant subsidiary in      Rule 1-02(w) of Regulation S-X. (15)                                                                      |
| 23.1                                      |   | Consent of Rose,      Snyder & Jacobs  in connection with Form S-8 Registration      Statement (19)                                                                                                                                                                                  |
| 31(a)                                          |   | Rule      13a-14(a) Certification – Chief Executive Officer (19)                                                                                                                                                                                                                             |
| 31(b)                                          |   | Rule      13a-14(a) Certification – Chief Financial Officer (19)                                                                                                                                                                                                                             |
| 32(a)                                          |   | Section      1350 Certification – Chief Executive Officer (19)                                                                                                                                                                                                                               |
| 32(b)                                          |   | Section      1350 Certification – Chief Financial Officer (19)                                                                                                                                                                                                                               |
| 99.1        |   | 2002      Stock Option Plan. (4)                                                                                                                                                                                                                                                                   |
| 99.2        |   | 2001      Stock Option Plan. (4)                                                                                                                                                                                                                                                                   |
| 99.3                                           |   | March      23, 2004 amendment to 2002 Stock Option Plan, subject to stockholder      approval(10)                                                                                                                                                                                                  |

| (1)        | Filed      as an exhibit to the Registrant's Current Report on Form 8-K, dated      January 29, 2001, and incorporated herein by    reference. |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)   | Filed      as an exhibit to the Registrant’s Form 10-K for its fiscal year ended      December 31, 2000.                                      |
| (3)   | Incorporated      by reference to the Registrant’s Form 8-K – August 31, 2000 (date of      earliest event).                            |
| (4) . | Incorporated      by reference to the Registrant’s Form 10-K for its fiscal year ended      December 31, 2001                                 |
| (5)   | Incorporated      by reference to the Registrant’s Form S-4 Registration Statement filed May      8, 2001.                                    |
| (6)        | Incorporated      by reference to the Registrant’s Form 10-K for its fiscal year ended      December 31, 2002.                                |
| (7)        | Incorporated      by reference to Registrant’s Form 10-KSB for its fiscal year ended      December 31, 2003.                                  |
| (8)        | Incorporated      by reference to the Registrant’s Form 8-K – June 27, 2003 (date of      earliest event).                              |
| (9)        | Incorporated      by reference to the Registrant’s Form 10-QSB for its quarter ended      September 30, 2003.                                 |
| (10)       | Incorporated      by reference to the Registrant’s Form 10-QSB for its quarter ended      September 30, 2005.                                 |
| (11)       | Incorporated      by reference to the Registrant’s Form 10-QSB for its quarter ended June      30, 2005.                                      |
| (12)       | Incorporated      by reference to the Registrant’s Form 10-KSB for the fiscal year ended      December 31, 2006.                              |
| (13)       | Incorporated      by reference to the Registrant’s Form 10-KSB for the fiscal year ended      December 31, 2004.                              |
| (14)       | Incorporated      by reference to the Registrant’s Form 8-K, dated July 1,    2006.                                                           |
| (15)       | Incorporated      by reference to the Registrant’s Form 10-K for its fiscal year ended      December 31, 2008.                                |
| (16)       | Incorporated      by reference to the Registrant’s Form 8-K – date of earliest event      reported – June 23, 2008.               |
| (17)       | Incorporated      by reference to the Registrant’s Form 8-K – date of earliest event      reported– August 1, 2008.               |
| (18)       | Incorporated      by reference to the Registrant’s Form 8-K – date of earliest event      reported– August 8, 2008.               |
| (19)       | Filed      herewith.                                                                                                                                |

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|   | EMERGENT      GROUP INC. |                                   |
|--------|--------------------------|----------------------------------------|
|   |                     |                                   |   |
|   | By:                      | /s/ Bruce      J. Haber           |   |
|   |                     | Bruce      J. Haber, Chairman of the   |   |
|   |                     | Board      and Chief Executive Officer |   |
|   |                     |                                   |   |

| Signatures                          |   |  Title                       |   | Date                |
|-------------------------------------|--------|----------------------------------------|--------|---------------------|
|                                |   |                                   |   |                |
| /s/      Bruce J. Haber   |   | Chairman      of the Board   |   | April      15, 2009 |
| Bruce      J. Haber            |   | Chief      Executive Officer           |   |                |
|                                |   |                                   |   |                |
| /s/      William M. McKay           |   | Chief      Financial Officer      |   | April      15, 2009 |
| William      M. McKay     |   | Secretary      and Treasurer           |   |                |
|                                |   |                                   |   |                |
| /s/      Mark Waldron               |   | Director                               |   | April      15, 2009 |
| Mark      Waldron                   |   |                                   |   |                |
|                                |   |                                   |   |                |
| /s/      Howard Waltman             |   | Director                               |   | April      15, 2009 |
| Howard      Waltman                 |   |                                   |   |                |
|                                |   |                                   |   |                |
| /s/      K. Deane Reade, Jr         |   | Director                          |   | April      15, 2009 |
| K.      Deane Reade, Jr             |   |                                   |   |                |
|                                |   |                                   |   |                |