Press Release

Feb 27, 2014

Janney Montgomery Scott Hires Morgan Stanley Team, Expands Presence in Maryland

Baltimore, Md. – November 11, 2013 – Janney Montgomery Scott LLC ("Janney"), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, Pa., today announced that 26-year industry veteran Douglas Velnoskey has joined Janney's Baltimore, Md., branch offices as Senior Vice President/Wealth Management. Velnoskey, who oversees $190 million in client assets, will be joined by Financial Advisor Bryan Carney, Senior Registered Private Client Assistant Coleen Kramer Beal, and Senior Registered Private Client Assistant Brian Etzler to form the Velnoskey Wealth Management Group of Janney Montgomery Scott.
"Adding another high-caliber group to an already well-rounded branch reconfirms the attractiveness of our firm's ability to deliver the necessary resources for our advisors to maintain a client-centric focus," said Jerry Lombard, president of the firm's Private Client Group.
Velnoskey joins Janney from Morgan Stanley. Twenty-six years ago, he began his financial services career at Legg Mason where he remained through various mergers. Before he entered the financial services industry, he spent time as a partner in the Colonial Jewelry Company. He attended Loyola College, McDaniel College, and the University of Baltimore with an interdisciplinary concentration in business administration, political science, and communications. Born and raised in Carroll County, he is an active community member who serves several local organizations like Carroll Hospital Center Foundation, Carroll Lutheran Village Golf Tournament Committee, and the Carroll Community Foundation Investment Committee. He also was a chairman of the Historical Society of Carroll County.
Lombard continued, "Since Doug serves both the Baltimore and Westminster areas, the hiring of his team presents a unique opportunity of accessibility to a broader client base. We look forward to the growth that will unfold as a result to their superior industry service."
Janney's Baltimore branch office, led by Branch Manager Todd Mitchell, is located at 2800 Quarry Lake Drive Suite 160, Baltimore, MD 21209, and can be reached at (410) 580-5020 or toll free at (866) 366-7598.
About Janney Montgomery Scott LLC
Established in 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and superior service to individual, corporate and institutional investors. A full-service, financial services firm, Janney is committed to providing our clients advice through a wealth management approach by focusing on the delivery of strategic financial plans that utilize a variety of financial products and services best suited to help meet their financial goals. Janney is equally committed to providing our corporate and institutional clients objective advice for the successful execution of their unique business plans. Janney provides advice and service to clients through a network of professionals in branch offices located along the entire east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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