Wealth manager Janney Montgomery Scott recruited another eight financial advisors to its Private Client Group, this time from Ameriprise, Raymond James, Wells Fargo and Truist, adding $1.4 billion in assets to the firm.
The news comes one month after Janney reported adding 15 advisors in the second quarter from Merrill Lynch, Wells Fargo and other rivals.
Year to date through Friday, Janney has added 45 advisors who collectively manage more than $8.6 billion in assets, it said.
Total assets under management for Janney's Private Client Group are now $124.8 billion, the company said Thursday.
Five of the latest recruits come from Truist, and the firm said it opened three new branch offices to support their practices and clients.
The new advisory teams are:
The Kraft Haigler Group, joining in a new branch office located in Morehead City, North Carolina. The team is led by advisors Jim Kraft (senior vice president/investments) and Lupton Haigler (vice president/investments). The team was formerly associated with Truist and brings $330 million in assets.
