Janney Recruits Morgan Stanley Advisor Managing $200M

Janney Montgomery Scott, the wealth manager in Philadelphia with more than $171 billion in assets under advisement, has recruited a veteran New Jersey financial advisor from Morgan Stanley, where he managed more than $200 million in client assets. Janney, a hybrid investment advisor and broker-dealer, said today in a news release that the addition of Red Bank-based Michael Mrotzek, first vice president of wealth management, strengthens its footprint in the Garden State. Mrotzek worked with Morgan Stanley Wealth Management for more than 15 years. according to his LinkedIn page. The advisor is supported by Gina Kletter, senior registered private client associate, according to the release. Over nearly 40 years in the industry, Mrotzek, provides financial planning to families, senior executives, and small business owners, focusing on investment planning, retirement strategies, college funding, 401(k) rollover planning, tax-aware income strategies, insurance planning, and debt management, the release said. “Janney offers the right combination of independence and support for me to grow my practice,” said Mrotzek. “I was drawn to the firm’s advisor-centric culture, sophisticated platform, and personalized resources, which will help me stay focused on delivering thoughtful advice and service that my clients expect.”