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.
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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.
