Practice management

Janney Grabs Million-Dollar Producer

By Andrew Welsch September 03, 2014, 4:23 p.m. EDT 1 Min Read

Janney Montgomery Scott has landed a big producer in the Big Apple.

Advisor Michael Coraggio has joined Janney's lower Manhattan office in New York, where he will serve as executive vice president of investments.

Coraggio formerly managed about $115 million in client assets and generated roughly $1.3 million in annual revenue while at BB&T Scott & Stringfellow, a Richmond, Va.-based regional brokerage and investment banking firm, according to a statement from Janney. FINRA records show he was with BB&T since 2006.

In recent weeks, the Philadelphia-based Janney recruited two advisors from Wells Fargo as well as a former-Stifel advisor.

Read more:

Former Managing Editor, Financial Planning

For reprint and licensing requests for this article, click here.

Practice management

MORE FROM FINANCIAL PLANNING

Technology

How YourStake founders' ESG passion transformed into an advisor platform

AI-powered YourStake has since expanded into a comprehensive advisor platform, offering portfolio analytics and meeting automation, claiming to save five hours a week for advisors.

By Rachel Witkowski

November 4
Professional development

The Ladder: Kay Lynn Mayhue on having the guts to change paths

The president of Merit Financial Advisors said deciding to merge her previous firm instead of following a succession plan allowed her to shift perspective.

By Rob Burgess

November 4
Retirement

Planning for 2025's tax brackets and retirement rules

The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.

By Tobias Salinger

November 4
Industry News

Citi has long way to fulfill Sieg's big dreams

In trying to claim the title "No. 1 global wealth manager," Citi is putting a lot of stock in its ability to secure client referrals through its bank. Will it be enough?

By Dan Shaw

November 4
Investment strategies

What's sparking 16 quarters of annuity sales growth?

Sales were mostly flat until 2020. Over the past four years though, they've nearly doubled.

By Rob Burgess

November 1
Technology

Advisors are using AI but skipping compliance guardrails

An industry survey of 200 compliance officers showed that a mere 12% of respondents currently using AI said they also adopted an AI risk management framework; experts said advisory firms need an AI governance plan ASAP.

By Rachel Witkowski

November 1