Recruiting Roundup: FAs Join Morgan Stanley, Depart for Baird

Janney Recruits

Janney Montgomery Scott said Monday that it nabbed David E. Grice in Asheville, N.C. The former Merrill advisor is helping the firm open a new branch office in Hendersonville, N.C., and a satellite office in Asheville.

Grice oversees more than $100 million in client assets.

“David is a highly regarded advisor and a valued addition to the Janney team,” said Jerry Lombard, president of the firm’s Private Client Group, in a statement.

“He has built a strong practice by focusing on and meeting the needs of his clients, and like the many top-tier advisors who find themselves migrating to Janney, he was attracted to our strong, stable reputation and client-centric philosophy, as well as our ability to provide the same resources as a larger shop, but with more accessible support,” Lombard said.

Earlier this month, Janney recruited John Kline from UBS (UBS) to its Raleigh, N.C., office. Kline, a 20-year veteran, oversees about $180 million in assets.

“John’s long and accomplished career is proof of his commitment to exceeding the expectations of his clients,” said Lombard in a press release. “With the wealth of knowledge and experience he brings to our Raleigh office, unquestionably, he is a tremendous addition to the Janney team and to our Southeast region—a region which we believe continues to present a significant opportunity for growth.”