Janney Montgomery Makes Senior Hire For New Florida Office

Eliane Chavagnon

18 April 2012

Janney Montgomery Scott, the Philadelphia-based financial services firm, has expanded its presence in Florida with a new office in Sarasota, appointing Barry Havener as senior vice president of investments.

Havener, who was latterly an advisor at Morgan Keegan, oversees $83 million in client assets and will be joined by two registered private client assistants: Donna Smothermon and Becky Havener. The trio previously worked together at Morgan Keegan and will operate as the Havener Financial Group, the firm said.

In other developments, Douglas Torretta has been appointed as vice president/private client group. He will also assume leadership as branch manager in Sarasota, reporting to Michael Levin, senior vice president and regional manager.

Torretta has almost 25 years of industry experience and was previously with Morgan Stanley Smith Barney.

The appointments bring the total number of financial advisor hires at Janney so far this year to 13.

In March, the firm made five appointments comprising two advisory teams - with combined client assets of $380 million - from Morgan Stanley Smith Barney. Additionally, Peter Sargent was hired as an executive vice president in February, establishing Sargent Wealth Management at the firm's Newtown/Yardley, PA office.

Janney Montgomery Scott, which was established in 1832, is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a New York Stock Exchange member firm.