Press Release

Dec 11, 2017

Veteran Manager Tapped To Oversee Janney’s Boston, MA Complex

PHILADELPHIA, PA – December 11, 2017 – Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services, and investment banking firm headquartered in Philadelphia, PA, announced the hiring of David Varela. Varela will serve as complex manager of the firm’s Boston and Danvers, MA and Portland, ME offices.

“David is a highly qualified and motivated leader, who has the industry knowledge and experience to grow and lead our Boston, Danvers, and Portland branch offices,” said Christopher Wilkinson, Regional Manager. “I’m confident that under his leadership, the complex will continue to grow and attract the region’s most talented financial advisors.”

Varela, Senior Vice President/Investments, previously served as complex manager for Raymond James. He has 24 years of industry experience, splitting his career to this point between Morgan Stanley and Raymond James.

Jimmy McKenna, who preceded Varela as Boston, Danvers, and Portland branch office manager, will continue to oversee the firm’s South Shore and Cape area branch offices, located in Falmouth, Hingham, and Osterville, MA.

Janney’s Boston, MA branch office is located at 60 State Street, 35th Floor, Boston, MA 02109.

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 Financial Industry Regulatory Authority (FINRA), and Securities Investor Protection Corporation (SIPC). Additional company information is available at

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