Janney Montgomery Scott has expanded its North Carolina footprint with a new office in Hendersonville and a satellite office in Asheville.

Meanwhile, the firm has appointed David Grice as executive vice president of wealth management and branch manager.

Grice joins from Bank of America Merrill Lynch, where he had served as senior vice president of investments since 2008, and oversees around $140 million in client assets.

He brings with him The Grice Financial Group, which includes team members Linda Weeks, account executive; Kim Surrett, branch operations assistant; Jaylee Blakeney, registered private client assistant; and Codruta Hategan-Drajan, private client assistant.

Jerry Lombard, president of Janney’s private client group, said the firm will continue to identify additional opportunities for growth in North Carolina, including “recruiting advisors of the same calibre." Over the past year the firm has opened five new offices in the Southeast region, he added.

In related news, earlier this month Janney brought in John Kline - latterly of UBS - as executive vice president of wealth management in Raleigh, NC. The firm also recently merged its Linwood and Margate offices in New Jersey, naming Stephen Marchel branch manager of the newly-combined Linwood-based branch. Members of Marchel’s team - The Marchel Wealth Management Group - also relocated to the Linwood office.