Janney Montgomery Scott, a full-service wealth management and investment banking firm, said Friday that it appointed Tony Miller to be its CEO. Miller will also keep his current role as president, a position he has held since 2023.
In addition, Janney has announced that Tim Scheve is joining its board of managers as an independent board director. Scheve was Janney’s president and CEO from 2007 to 2023.
“The future is bright at Janney, as evidenced by four consecutive years of record revenue — a testament to our commitment to delivering personalized advice and exceptional client service,” according to Miller. “At the core of our success are our talented employees, who are all now proud owners of the firm.”
Miller joined Janney in 2002 and has since served as its director of internal audit, treasurer, CFO and chief administrative officer. Plus, he is a board member of SIFMA, where he serves on the Private Client & Wealth Management, Capital Markets, and Legal & Compliance subcommittees.
Scheve is a seasoned independent board director and senior advisor at Accenture. He has served as CEO, CFO and CAO at two large financial services firms. Currently, he is a director at Smarsh and a past member of FINRA’s board of governors and a director of SIFMA.
Janney had over 900 financial advisors and $150 billion in assets under advisement as of Dec. 30. The firm announced it was being sold by Penn Mutual and acquired by KKR in July. It is now privately held.
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