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Industry Spotlight > Wirehouse Firms

12 Wirehouse Reps Move to Janney in Q1

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What You Need to Know

  • The advisors work with a total of $2 billion of assets under advisement and joined from Merrill, Morgan Stanley, UBS and Wells Fargo.
  • In 2020, Janney recruited 43 advisors with more than $4 billion in assets.
  • The firm recently opened new offices near Atlanta and in Richmond, Virginia.

Wealth manager Janney Montgomery Scott recruited 12 wirehouse financial advisors with over $2 billion of client assets in the first quarter of 2021.

The additions from Merrill Lynch, Morgan Stanley, Wells Fargo and UBS come on the heels of Janney’s recruitment of 43 advisors with more than $4 billion in assets in 2020. 

“We are pleased to add talented and experienced financial advisors to our firm and look forward to continuing our successful recruiting pace throughout this year,” said Jerry Lombard, president of the firm’s Private Client Group, in a statement.

Advisors moving to Philadelphia-based Janney “benefit from our size, which allows us to be nimble and pivot toward opportunities, as well as our financial strength,” Lombard said.

Also, Janney recently opened new branch locations in Duluth, Georgia, and Richmond, Virginia. Overall, it had about $115 billion in assets under advisement as of March 31.

The recruited advisors, their level of client assets and former firms are as follows:  

  • Steven Fox of Fox Wealth Management in Upper Saddle River, New Jersey, $129 million, Morgan Stanley;
  • Allen Kiessling, Courtney Kasenchak and J.R. Confer of the Kiessling Group in Williamsport, Pennsylvania, $304 million, Merrill Lynch;
  • Scott Phelan and Kevin Myers of the Phelan and Myers Wealth Management Group in Atlanta, $473 million, Morgan Stanley;
  • Mark Foley of Boston, $120 million, Wells Fargo;
  • Matthew Levy of York, Pennsylvania, $200 million, Merrill Lynch;
  • Craig Lewis of Boston, $300 million, UBS;
  • Theodore Papadopoulos of Garden City, New York, $363 million, UBS;
  • Noel Simons of Charlotte, North Carolina, $110 million, Wells Fargo; and
  • William Simpson of Stuart, Florida, $50 million, Morgan Stanley.


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