The Philadelphia wealth management firm Janney Montgomery Scott LLC has hired Francis J. McAleer Jr. as director of wealth management sales and marketing in its wealth management department.

He was an executive vice president and a managing partner at Constellation Funds Group & BHR Institutional Funds in Berwyn, Pa.

He has held senior positions with Old Mutual Asset Management, Merrill Lynch Investment Managers, and Fidelity Investments. While at Merrill, he launched and led the sales and management organization for all third-party distribution outlets for the firm's asset management products.

Janney Montgomery Scott, which announced the hiring Monday, provides financial services to individual, corporate, and institutional investors.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.