Yes, but it needs to be incorporated into the design a bit better. The beard and hair are now mis-matched. The hair is moving and has a bluish tint to it and the beard is stark white with no movement.
Also, could you make Merlin a bit bigger and add more detail. See the level of detail in the website we posted:
http://merlintwizard.blogspot.com/2009/05/x-men-origins-wolverine.html. Especially the wolfman image. The logo is for a website not a business card, so it can be very detailed. One way to add detail would be to do more with the facial expression. There’s not a lot of facial expression in this design. The goal is to capture wisdom, knowledge and intellect.
The staff is more cheerleader than all-knowing powerful wizard. And the typeface needs to be more professional as this is for a financial services firm even though the logo is trying to be creative.
Thanks for your hard work on these designs!