Janney Montgomery Scott, a US full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, has appointed Francis McAleer to its wealth management unit.

He has been appointed as director of wealth management sales and marketing.

Mr McAleer joins Janney from Constellation Funds Group & BHR Institutional Funds, where, as executive vice president and managing partner, he was responsible for the oversight of all distribution channels.

He has held senior level positions with Old Mutual Asset Management, Merrill Lynch Investment Managers and Fidelity Investments, among others.

Established in 1832, Janney Montgomery Scott provides financial advice to individual, corporate and institutional investors. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, which is a member of the New York Stock Exchange.