Press Release

Sep 26, 2017

Janney Opens Branch Office in Miami, Adds $1.3 Million Producer



PHILADELPHIA, PA – September 26, 2017 – Janney Montgomery Scott (“Janney”), a leading full-service wealth management, financial services, and investment banking firm, announced the opening of its new Miami, Florida branch office and the addition Fady C. Maghak. Maghak was previously affiliated with Raymond James and Associates and is entrusted with nearly $200 million in client assets.

“We're excited to welcome Fady and look forward to helping him deliver superior financial advice to his clients,” said Jerry Lombard, President, Private Client Group at Janney. “The Miami branch opening is exciting, and shows the expansion of our presence in Florida. This new location will be the eighth Janney office in the sunshine state, and will allow us to cultivate new client relationships and show Janney’s commitment to further growth in this region.”

Miami represents the third new location in the southeastern United States opened by Janney in the past three months, following Goldsboro, NC and Franklin, TN.

“Our growth throughout Florida and the southeastern region is a testament to Janney’s stability, responsiveness to client needs, and unprecedented home office support,” said Michael Levin, Senior Vice President, Florida Regional Manager. “I’m proud that Fady and his team chose to join us at Janney.”

Fady C. Maghak, Executive Vice President/ Wealth Management and Certified Financial PlannerTM, has over 29 years of experience in the financial services industry. He earned a Master of Business Administration in Finance from Fordham University and a Master of Science in Financial Planning from the College for Financial Planning. He also has been on the faculty of Florida State University, Florida Gulf Coast University and Barry University, where he taught their CFP® educational programs.

“I wanted to align myself with a Firm that I could be proud of, which is why I chose Janney. Janney’s boutique size is right, and will allow my team and I to be a part of a culture where Financial Advisors can grow, serve clients effectively, and build a strong business the best way that they see fit,” said Maghak.

Janney’s Miami, FL office address is 8950 SW 74 Court, Suite 2207, Miami, FL 33156.

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 www.janney.com.

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