Janney hires industry vet Yackel to run wealth management

Janney Montgomery Scott has appointed John Yackel as executive vice president and head of wealth management.

Yackel, who will also join the firm’s executive committee, succeeds Kevin Reed, who recently assumed leadership of Janney’s private client group after eight years leading the wealth management group.

Yackel will be responsible for the strategic direction and oversight of Janney's advice and solutions platform in his new role. He will also oversee a team that provides financial planning and advisory services, cash management, mutual funds, insured solutions, lending, retail trading and retirement plan services, according to the firm.

Prior to joining Janney, Yackel was co-founder and CEO of estate planning platform Trucendent. Prior to Trucendent, Yackel held leadership roles at various platform and solution providers, including SEI, Envestnet, Fortigent and Prudential.

“We’re thrilled John is joining Janney. He brings experienced, innovative leadership in financial services and a deep understanding of advisory, lending, and planning solutions that will enhance our wealth management platform," Tim Scheve, Janney’s president and CEO, said in a statement. "He has a proven track record of delivering an integrated wealth management experience and solution that help advisors grow and run their businesses, and most importantly, that meet the needs of their clients.”