News Release Financial Advisor Joins Janney Montgomery Scott in NYC Branch Office

Janney Montgomery Scott LLC (“Janney”), a leadingfull-service wealth management, financial services and investment banking firm headquartered in Philadelphia, PA, announced that Michael Coraggio has joined Janney’s New York City Whitehall branch office as Executive Vice President/Investments. Michael joins Janney from BB&T Scott & String fellow, where he had been a Senior Managing Director since 2006.

“Michael is a great addition to the seasoned professionals currently in Janney’s New York City office and I am happy to welcome him to the firm,” said Michael Drumm, New York Complex Manager.“Michael is a perfect fit for Janney’s client-centric culture as he strives to provide investment solutions that meet his clients’ needs above all else.

”Michael has extensive industry experience with a strong fixed-income background and earned his Bachelor’s Degree in Business Administration from the University of Delaware.

Janney’s New York City Whitehall branch office, led by Complex Manager Michael Drumm, is located at One Whitehall Street, Third Floor, New York, NY 10004.

About Janney Montgomery Scott LLC
Janney provides advice to individual, corporate and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing,equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the Financial Industry Regulatory Authority(FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at www.janney.com.

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