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Report: $400M Stifel adviser team lands at Janney

A team of eight financial advisers has joined Janney Montgomery Scott LLC's Yardley, Pa., office, InvestmentNews reported.

The team, known as the Gormley Furlong Wealth Advisory Group, joins from Stifel Financial Corp.'s Stifel Nicolaus & Co. Inc., where it managed $400 million in client assets, according to the report.

Timothy Gormley and Paul Furlong are the co-founders of Gormley Furlong Wealth Advisory Group.