Press Release

Mar 6, 2017

Merrill Lynch Team Joins Janney Montgomery Scott

 Janney bolsters Manhattan presence, new partnership manages over $350 million in AUM

New York, NY – March 6, 2017 – Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, Pa., announces the hiring of Senior Vice President Noah Doyle and Vice President Charles Princiotto, formerly associated with Merrill Lynch. Doyle and Princiotto will be joined by Sean Martin, also formerly associated with Merrill Lynch. Doyle previously managed Doyle & Associates at Merrill Lynch Wealth Management. Doyle, Princiotto, and Martin will join veteran Janney financial advisors Stanley Hochhauser and Alice Coraggio in forming Battery Park Financial Partners at Janney Montgomery Scott LLC.

Doyle, who will lead Battery Park Financial Partners, currently manages over $150 million in client assets together with Princiotto. Hochhauser and Coraggio manage over $200 million in client assets. Together, the new group fuses the mindsets of a diverse group of advisors with a wide range of expertise and will manage more than $350 million in assets. 

Hochhauser has more than 50 years of experience in the financial services industry and Coraggio, who has worked with Hochhauser for over 17 years, has been in the industry since 1979. 

“Noah and his team bring a refreshed approach to our core values of developing deep client relationships and providing comprehensive financial planning. After meeting with them, it was clear I had found the right partners,” said Hochhauser, Executive Vice President of Wealth Management at Battery Park Financial Partners. “For decades, I have enjoyed what I do, and with retirement being a future reality, our multi-generational team is now in place to provide a succession structure as we continue to help our clients preserve their legacy and provide for future generations.”

“Stanley has been one of Janney’s top financial advisors for over 15 years due to his expansive industry knowledge and commitment to his clients. His decision to partner with Noah and Charles will only enhance the level of services they collectively can provide to present clients and future,” said Jerry Lombard, president of Janney’s Private Client Group. “Noah and his team have built a tremendous business of their own, and we look forward to supporting the partnership and helping them to foster growth in the future.”

For decades, Janney has served as a landing spot for advisors seeking a commitment to working closely with clients and providing comprehensive financial plans and investment management. The partnership with Doyle and Princiotto underscores this dedication to attracting talented advisors while solidifying the firm’s quality of service and longevity.

“Janney’s wealth management philosophy aligns with our planning-focused approach to client service. The cornerstones of our business have been and will continue to be developing investment strategies focused on each individual client’s financial goals,” said Doyle, Senior Vice President, Wealth Management at Battery Park Financial Partners. “While we believe that our partnership with Stanley will add to the level and quality of personalized services that we can provide to our clients, at the end of the day, Janney’s platform is best suited for our business model and where we know the industry is headed.” 

In addition to leading Battery Park Financial Advisors, Doyle currently serves as Chair of the Board at Bronx Community Charter School, is the Founder and President of the North Fork TV Festival and is a Graduate of Cornell University's School of Industrial and Labor Relations and Brooklyn Law School.

Princiotto, who will serve as Vice President, Wealth Management, holds the CFP® designation, is co-founder and director of the Kids Dream Big Foundation and is a graduate of DeSales University with a bachelor’s degree in business management. 

With his Series 7 and 66 licenses, Martin has worked closely with Doyle at Doyle & Associates since January 2015 and will handle various client accounts in his new role as Account Executive.

“With this inflow of fresh talent aligned with our core values, we can now set our sights on the bright future ahead,” added Hochhauser. “Our dedication to providing individuals and families with the highest level of service has never been stronger, and the formation of Battery Park Financial Partners underscores our respective commitments to these key underlying goals.”

About Janney Montgomery Scott LLC

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 New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at www.janney.com and twitter at @Janney1832.

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