Philadelphia-based brokerage Janney Montgomery Scott has hired a team of advisers from Morgan Stanley Wealth Management to join its private client group in Maryland.

Advisers Alfred DeRenzis and Scott Ford joined Janney in May from Morgan Stanley, where they managed US$159 million in client assets and had annual revenue production of more than US$1.2 million.

DeRenzis, with 32 years of expertise in advising industry joined Janney as a senior vice president. Ford, a 26-year industry veteran, joined Janney as a first vice president. They were joined by registered private client assistant Karen Seipp, also from Morgan Stanley.

The team joined Janney’s New Westminster, Maryland, office, a satellite of the Baltimore branch.

Janney has also hired Greg Torretta from Ameriprise Financial Inc to join its private client group as a senior vice president and branch manager of the firm’s Fort Lauderdale, Florida, office.

Janney, owned by Penn Mutual Life Insurance, has 735 advisers and manages more than US$58 billion in client assets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.