Janney Drawing Steady Stream of Wirehouse Recruits
The firm recruited 43 advisors and nearly $4 billion in assets to its Private Client Group in 2020.
Janney Montgomery Scott recently recruited wirehouse advisor Theodore Papadopoulos, who’s been appointed senior vice president of wealth management in Garden City, New York, the firm said Thursday.
Earlier, Papadopoulos worked for UBS, where he had the same title and managed $360 million in assets, from August 2012 until he left the firm this month, according to his LinkedIn profile. Prior to UBS, he was an advisor at JPMorgan from 2010 to 2012, Morgan Stanley from 1997 to 2010 and Merrill Lynch from 1995 to 1997.
This news comes after a busy year in which Janney added 28 advisors from Morgan Stanley, Wells Fargo, Merrill Lynch and UBS with over $2.2 billion in combined client assets. (The majority of the wirehouse advisors disclosed their client assets, though several did not; see the full list below.)
Overall, Janney recruited a total of 43 advisors and nearly $4 billion in assets to its Private Client Group, it said Tuesday. In addition to moving from the wirehouses, they joined from Raymond James, Ameriprise, Edward Jones and BB&T.
The Private Client Group also added 48 Private Client associates in 2020.
Since 2015, Janney has added more than 280 advisors in all, it said. The firm had more than $108.4 billion in assets under advisement as of Dec. 31.
“Despite challenges from the pandemic and a remote business environment, we continue to attract talented Financial Advisors to Janney,” Jerry Lombard, president of the Private Client Group, said in a statement. “Our financial stability and accessible, client-focused platform enables our Financial Advisors to help clients achieve their financial goals.”
Full-Year Recruits
The advisors that moved to Janney in 2020 include the following teams and individuals:
- Begnaud Wealth Management Group (Merrill Lynch, $430 million of assets); Gary Begnaud and Amy Begnaud;
- Crossroads Wealth Planning Group (Raymond James, $450 million); Greg Young, Jeff Sellers, Jack Gary III, Brian Gary and Beth Young
- Hofer Family Wealth Advisors (UBS); Garrett D. Hofer;
- May Fisher Wealth Management (Wells Fargo, $52 million); Daniel Fisher;
- McGovern Financial Management (Raymond James, $121 million); Gary McGovern;
- Seger Wealth Management (Raymond James; $69 million); Thomas Seger;
- The Dupre Keating Group (Morgan Stanley, $335 million); Dawn Dupre, Megan Keating, Sarah Smith and Mary Anne Perrone;
- The Horne Rhyner Group (Morgan Stanley, $101million); Barry Horne and Jillian Rhyner;
- The Stacks Raisman Group (BB&T, $275 million); Michael Stacks and Amy Raisman;
- The Tango Group (Merrill Lynch, $123 million); Anthony Tango and Carmine Tango;
- The W Group (Wells Fargo, $124 million); Thomas Wilson and Josh White;
- The Wolff Bryson Wealth Advisory Group (Wells Fargo, $138 million); Jason Wolff and Justin Bryson;
- Young Wealth Management Group (Ameriprise, $258 million); Roark “Rocky” Young, Dustin Young and Ronnie Heller)
- Todd Bernstein (BB&T, $64 million)
- Stephen Burleson (Merrill Lynch)
- Luke Dowd (Morgan Stanley, $24 million)
- Eric Eitel (Edward Jones, $23 million)
- Jimmy R. Hare (Wells Fargo, $124 million)
- Tahj Holden (Morgan Stanley)
- Abraham Horowitz (Morgan Stanley, $106 million)
- Pat Ingrassia (Wells Fargo, $77 million)
- Julianne M. Joly (Morgan Stanley)
- Stephen Krakower (Wells Fargo, $19 million)
- Sheryl Oswald (Morgan Stanley, $23 million)
- F. Houghton Phillips II (Merrill Lynch, $330 million)
- Stephen Powers (Wells Fargo, $113 million)
- Selden Staples (Wells Fargo, $97 million) and
- Paul Townsend (Wells Fargo).
— Related on ThinkAdvisor: