Janney Montgomery Scott has added a brokerage team managing $1.35 billion that was previously associated with Merrill Lynch.
Meredith Lindung Wealth Management is based in Towson, Maryland, and is led by Andrew Meredith and Kevin Lindung, each an executive vice president of wealth management who had been with Merrill since 1998, according to the Financial Industry Regulatory Authority's BrokerCheck website.
The addition of Meredith Lindung follows a busy first quarter of recruitment efforts for broker-dealer Janney. On April 6, the company announced it added 12 advisors in Q1, adding more than $2 billion in assets under advisement to its Private Client Group. They were all wirehouse reps.
Janney also expanded its presence in Richmond, Virginia, with the opening of a second office, it said April 8. The office will include members of the Strange Wealth Advisory Group and the Lindbloom Group, the BD noted at the time.
Janney has $115 billion in assets under administration and 850 financial advisors, a company spokesman said Monday.
More Meredith Lindung Details
In addition to his 23 years of industry experience, Meredith has an entrepreneurial background that includes a software startup launched in the 1990s. He has earned the certified financial planner designation.
