Two advisers who managed more than $270 million at Janney Montgomery Scott have joined Merrill Lynch. The advisers are based in Merrill’s Bala Cynwyd, Pennsylvania, office in the Philadelphia suburbs.
Scott Nash had been with Janney since 1984, and earlier worked at Butcher and Singer Inc. and Prudential Bache Securities. Anthony Arot joined Janney in 2015.
Two staff members made the move along with Nash and Arot.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
