Boenning & Scattergood, a Philadelphia-based securities, asset management and investment banking firm, has hired Thom Brown and Cummins Catherwood into its private client group.

Both join as managing directors of the private client group and 1914 Advisors, the firm’s registered investment advisory division - and both most recently served as executive vice presidents at Rutherford, Brown & Catherwood, a private investment firm serving the needs of individuals, personal and retirement trusts, custodial accounts and domestic and European institutions.

Mr Brown participated in the development and implementation of investment strategy, stock selection and research. Mr Catherwood’s areas of expertise included trust administration, estate planning and asset management for individuals, endowments and foundations.

Both will report to Michael Galantino, managing director.