Janney Montgomery Scott says it recruited 14 financial advisors with about $1.1 billion in combined client assets in the first quarter. They moved to Janney from Merrill Lynch and Wells Fargo.
“Janney had another successful quarter recruiting leading financial advisors with experience and expertise in all aspects of wealth management,” according to Jerry Lombard, president of the firm’s Private Client Group. “We’re happy to welcome them and are proud these advisors recognized the value of our entrepreneurial platform and client-focused culture.”
The new employees include four teams, six individual advisors and seven associates, who are based in eight branch offices. As of April 1, Janney has about $80 billion in assets under advisement; the firm has recruited 200-plus advisors since 2015.
The advisors moving to Janney from Merrill include: Philip Fried and Robert Mouro with the Fried Mouro Group of Raleigh, North Carolina; Cathryn Budd of Atlanta; Michael Hassell of Radnor, Pennsylvania; and Harlon Neal of Goldsboro, North Carolina.
Joining from Wells Fargo are: Karl Ernst and Roberto Rosa of the Ernst Rosa Wealth Management Group of Miami; Donna Judge and Scott Trevethan of Judge-Trevethan Wealth Advisors in Glastonbury, Connecticut; Frederick Leonard and Charles Leonard of Leonard Wealth Management in Mystic, Connecticut; Wayne Howle of Florence, South Carolina; and Anthony Jessuck Jr., of Mystic.
Baird says that an eight-member team in Dayton, Ohio, working with $725 million in assets has joined its broker-dealer. The group moved from UBS.
“We are excited to welcome the Family Wealth Partners to Baird and grow our presence in the Dayton market,” according to Brian Kurtz, market director for Baird’s Private Wealth Management business. “Their impressive years of experience and commitment to providing the best financial advice and service to clients make them a tremendous asset to our team.”
Family Wealth Partners includes advisors John Bradley, Travis King, Brian Rathbun and Tony Schock, as well as Patrick Beyerle, associate financial advisor and, CFP. Bradley, King and Rathbun each have 20 or more years of work in the business.
These additions follow Baird’s purchase of Hilliard Lyons. In addition, Baird added 62 financial advisors to its Private Wealth Management group in 2018.
The unit now has about 930 financial advisors with client assets of $140 billion.