Press Release

May 1, 2019

Janney Completes Acquisition of FIG Partners



PHILADELPHIA – May 1, 2019 – Janney Montgomery Scott LLC, a leading full-service wealth management, capital markets, and asset management firm, today announced it has completed the acquisition of FIG Partners LLC, an Atlanta-based investment banking and research firm.

The experienced team at FIG Partners adds nationally recognized expertise within the community bank sector to Janney’s existing financial institutions sector coverage. “We are excited to have the FIG team join Janney. The acquisition deepens our sector expertise, strengthens our overall presence, and supports the growth of both our Private Client and Capital Markets Groups,” said Joe Culley, Head of the Capital Markets Group at Janney.

This acquisition gives Janney a total of more than 200 capital markets professionals who provide investment banking, equity, and fixed income expertise to corporate, institutional, and municipal clients. 

For additional details, please refer to the initial acquisition announcement from March 19, 2019, available here. This is Janney’s second investment bank acquisition in 12 months, following the addition of HighBank Advisors in May 2018.

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, New York Stock Exchange, and Securities Investor Protection Corporation. Additional company information is available at www.janney.com.

About FIG Partners LLC
FIG Partners, a wholly-owned subsidiary of Janney Montgomery Scott, is one of the nation’s premier investment banking and research firms specializing in community banks. Headquartered in Atlanta, Georgia, FIG Partners has offices in California, Illinois, North Carolina, and Tennessee. For more information visit www.figpartners.com.


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