Press Release

Oct 10, 2016

Janney Spreads Across Connecticut, Adds Five Advisors From Merrill Lynch

New Team Serves Clients in Mystic and West Hartford; Manages more than $800M in AUM

PHILADELPHIA, PA – October 10, 2016 – Janney Montgomery Scott (“Janney”), a leading full-service wealth management, financial services and investment banking firm, today announced the addition of Seaport Wealth Management of Janney Montgomery Scott, a team of Financial Advisors with 100 years of combined career experience. Seaport Wealth Management will operate out of the newly opened Mystic, CT office and Janney’s current West Hartford, CT office.

Seaport Wealth Management, formerly affiliated with Merrill Lynch, has more than $800 million in assets under management from nearly 900 households. Team members include Ken Griffen and Paul F. Vaida CFP®, Senior Vice Presidents/Wealth Management, Royden A. Grimm, CFP® and Barry J. Sulak, both First Vice Presidents/Wealth Management, and Jared W. Bloxsom, CFP®, Vice President/Wealth Management. Additionally, four paraplanners and administrative professionals will be accompanying the advisory team to Janney. 

“We are extremely proud of our firm’s history on Wall Street and the type of firm we’ve built for the future. Our size, stability, agility to adapt, and responsiveness to client needs combined with unprecedented home office support for our advisors’ businesses, we've become a destination for advisory teams who want to succeed in a boutique, regional environment,” said Jerry Lombard, President, Private Client Group at Janney. “We're excited to welcome the Seaport team and look forward to working together with them to help them deliver superior financial advice to their clients and continue their commitment in their community." 

The team at Seaport cater to investors that span geography and generations. The Seaport advisors span three generations, allowing them to better serve clients who are entering the prime earning years of their lives, especially at a time when the advisor workforce is aging. Additionally, recognizing the need for top-tier technology, the Seaport team sought out a firm that recognizes the value in investing in platforms that provide clients and advisors with a high-end user experience. 

“For the past few years, my colleagues and I have been searching for ways to turn our business into something that we would proudly call ‘world class.’ As we searched, it became evident that we needed to make a significant change. From there, we considered our options as a potential destination. The firm that aligned best with our needs – and the needs of our clients – was Janney,” says Paul Vaida, CFP®, senior vice president and wealth manager. “We’ve joined a firm that seeks to offer clients the same things we do: best in breed planning, guidance, investments, and service as they continue on their journey toward retirement.” 

About Janney Montgomery Scott 

Janney provides advice to individual, corporate and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at

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