WEST CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Boenning & Scattergood, Inc., a leading independent securities, wealth management, and investment banking firm, is pleased to announce Andrew Maddaloni has joined its team as Head of Equities at its headquarters in West Conshohocken, PA. Mr. Maddaloni will also lead the asset management effort in Boenning & Scattergood’s investment advisory division, 1914 Advisors.
With more than 25 years of experience in the equities industry, Mr. Maddaloni will be responsible for focusing on the equity research, sales, and trading needs of Boenning & Scattergood’s institutional clients. Additionally, as the wealth management business continues its advancement to better serve changing client needs, Mr. Maddaloni will lead Boenning & Scattergood’s asset management initiative for 1914 Advisors. In this role, he will further enhance the wealth management capabilities and services to position those clients to succeed in achieving their financial goals and objectives.
“The breadth and depth of Andrew’s experience in both capital markets and asset management will be invaluable as we move forward in enhancing Boenning & Scattergood’s position in the equity research, sales, and trading space, as well as growing 1914 Advisors to help ensure relevancy with our client base,” stated Harold Scattergood, Chairman & CEO of Boenning & Scattergood. “The intellectual capital and industry relationships that Andrew brings to Boenning & Scattergood are unmatched, but even more importantly, he understands our culture.”
Mr. Maddaloni joins Boenning & Scattergood from Janney Montgomery Scott, where he served as Head of Equities and Director of Research for the last seven years. Prior to that, Mr. Maddaloni held the role of Research Analyst / Portfolio Manager at Friess Associates. At Friess, he was a member of the Generalist Research team, which was responsible for managing over $10 billion of growth equity securities on behalf of institutional and high-net-worth clients. Mr. Maddaloni also held Institutional Equity Sales positions at Banc of America Securities, William Blair, and Credit Suisse.
“We are excited about the addition of Andrew to the team,” added Michael Mara, President of Boenning & Scattergood. “With a keen focus on our capital markets and asset management business, Andrew will be instrumental to our organizational growth and the overall future of Boenning & Scattergood.”
About Boenning & Scattergood, Inc.
Established in 1914, Boenning & Scattergood is one of the oldest independent securities, asset management, and investment banking firms in the Mid-Atlantic, Midwest, and Northeast Regions. Professionals at the firm provide individual investors, corporate and municipal clients, and institutions a full complement of financial services, including retail brokerage, wealth management, equity research, equity and fixed income sales and trading, investment banking, public finance, equity option strategy, and asset management. For more information, please visit www.boenninginc.com. Member FINRA / SIPC.