Merrill Broker in Hartford Leaves His Team and Jumps to Janney
A Merrill Lynch broker in Hartford, Conn., left the wirehouse for regional brokerage Janney Montgomery Scott this week
Andrew F. Aubrey, who began his registered rep career 21 years ago at discount broker TD Waterhouse, had been with Merrill for eight years and had worked with its parent Bank of America’s discount brokerage units since 2004.
Aubrey, who joined Philadelphia-based Janney’s West Hartford branch on Wednesday, had managed $220 million in client assets at his former firm, said Janney spokeswoman Alexa Grieshaber.
Aubrey was the only one of the seven-person Horton/Aubrey group to have left Merrill, said a team member who spoke on condition of anonymity.
Aubrey, whose Merrill web page says he was a first vice president, declined to comment on the size of his book or his reasons for leaving the wirehouse and for choosing Janney. Seven of the 11 advisors in Janney’s West Hartford branch were previously at Merrill Lynch, according to the branch’s website and their BrokerCheck histories.
Barnaby Horton, Aubrey’s former partner, who has spent his entire 17-year career at Merrill, did not return a call for comment.
“We’ve decided to stay, but we’re really happy for him and wish him well in his pursuits,” the person on the Merrill team said of Aubrey.
In addition to working at TD Waterhouse, Aubrey did stints at Banc of America Investment Services, Mutuals.com, E*Trade, Securities America and Quick & Reilly, which Bank of America absorbed in 2004 as part of its purchase of the discounter’s parent Fleet Financial Group.
“Andrew joins a growing list of industry professionals who were drawn to Janney because of its reputation as a very client- and advisor-friendly firm,” George Keith, who runs Janney’s Connecticut complex from Darien, said in a prepared statement.