Janney Montgomery Scott continues to pluck financial advisors, assets from major wirehouses
Philadelphia Business Journal
Janney Montgomery Scott, a Penn Mutual company, has already added 25 financial advisors this year with a combined $5.6 billion in assets under management — an average of $224 million in assets under management per advisor.
In a little more than five months, the AUM for the newcomers is already higher than either of the prior two past years. The Philadelphia-based investment firm added 43 financial advisors with $4 billion AUM in 2020 and 44 advisors with $3.4 billion AUM in 2019.
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