Janney

New chief executive Tony Miller has served as president of the large regional brokerage firm since 2023.

Another private equity investor placed a large bet on wealth management as the latest insurer to sell its industry holdings spun off an attractive asset.

The regional broker-dealer and investment advisor made veteran insider Anthony "Tony" Miller interim president as CEO Tim Scheve steps back. Here's what advisors considering alternatives to the wirehouses can expect from Miller's leadership.

As the regional firm aims to serve more high net worth clients, it plans to hire 60 experienced advisors this year.

Philadelphia-based Janney Montgomery Scott added three teams from Wells Fargo and Merrill Lynch across two states managing $1.4 billion in client assets.

The trio of advisors leaving Commonwealth for the regional firm are its largest “reverse breakaways” ever.

At an average age of 37, the top-producing brokers operate in 18 different states, plus the District of Columbia and Guam.

As some firms closed their doors, the regional BD saw a selling point for new recruits and existing FAs in a different approach.

The regional broker-dealer is coming off a big recruiting year.

So far this year, Janney has onboarded 36 financial advisors. The newest team managed more than $290 million in client assets.