Janney loses rep with $207 million AUM to Wells Fargo

Thayer (Terry) Potter, who managed $207 million in client assets at Janney Montgomery Scott, has started his own business, Twin River Wealth Management, and affiliated with Wells Fargo Advisors Financial Network (FiNet). The new firm is based in Lewisburg, Pa., and has an office in Red Bank, N.J. Joining him from Janney is Jeremy Soper, who is Twin Rivers' administrative manager. Mr. Potter, who lives in Rumson, N.J., joined Gibraltar Securities in 1985 and stayed for one year. In 2009, he returned to the securities industry at Morgan Stanley. He joined Janney Montgomery Scott in 2012. ​