Janney Montgomery Scott Hires UBS Pennsylvania Branch Manager

Janney's recruitment of a UBS branch manager overseeing three Pennsylvania offices highlights how regional wirehouses are capitalizing on Big Four instability to attract seasoned talent.

Janney Montgomery Scott has added another experienced hire to its 2025 recruiting class, landing David Lojpersberger, a former UBS branch manager who oversaw three offices across Pennsylvania. The move, completed this month, brings Janney's total experienced advisor hires for the year to 33—a strong showing for a regional firm competing against much larger national players.

Lojpersberger's hiring is notable because branch managers represent a different kind of recruit than individual producers. They bring not just client relationships but operational expertise and, often, the ability to attract other advisors from their former firms. For Janney, adding a manager with deep roots in the Pennsylvania market reinforces the firm's home-court advantage in the Mid-Atlantic region.

The Regional Advantage

Janney's 2025 recruiting success illustrates a dynamic that often gets overlooked in an industry obsessed with mega-deals: regional wirehouses like Janney, Stifel, and Baird are quietly winning market share by offering what the Big Four increasingly cannot—stability, cultural consistency, and a sense that the advisor is more than a line item on a corporate balance sheet.

"Nobody at Janney is going to announce a compensation restructuring that blows up your economics overnight," said one recruiter familiar with the firm's pitch. "For advisors who've watched what happened at UBS this year, that kind of stability has real value—even if the upfront deal isn't as large."

Janney's 33 experienced hires in 2025 span multiple markets, though the firm's strength remains concentrated in the eastern United States. The firm has invested in its technology platform and wealth planning capabilities in recent years, narrowing what was historically a significant gap with larger competitors.

The UBS Pipeline

Lojpersberger is one of hundreds of advisors and managers who have left UBS in 2025, and regional firms have been among the beneficiaries. While the largest UBS departures have gone to Wells Fargo, Morgan Stanley, and other major wirehouses, smaller teams and individual advisors have found attractive homes at regional players that can offer competitive economics without the corporate complexity that drove them out.

For UBS, the loss of branch managers is arguably more concerning than the departure of individual advisors. Managers hold institutional knowledge about local markets, client relationships, and team dynamics that is difficult to replace. Their departure can also create instability in the offices they leave behind, potentially triggering additional attrition among the advisors they managed.

Janney Montgomery Scott and UBS both declined to comment on the hire.