To our Boenning & Scattergood Clients and Friends,

It is with great pleasure and excitement that we announce the signing of a definitive agreement to partner our 108-year legacy broker-dealer, Boenning & Scattergood, Inc., with LPL Financial of Boston, Mass.

LPL Financial, a NASDAQ listed firm – LPLA, is the nation’s largest independent broker-dealer, a custodian for registered investment advisors, and an independent consultant to retirement plans. It provides an integrated platform of brokerage and investment advisory services to nearly 20,000 independent financial advisors and professionals. We join them in a recently formed division for W-2 style professionals called Linsco Private Ledger.

Our agreement was signed on July 7, 2022. Closing of the transaction is scheduled to take place early in 2023, subject to meeting certain normal conditions and regulatory approvals.

Our name – Boenning & Scattergood – and the way we have been working on your behalf over these many generations / decades will not change. Shortly before we close the transaction, our clearing function will be assumed by LPL. And our statements and confirms will continue to read from Boenning & Scattergood, division of LPL Financial, which is how we will be known going forward.

As you know, at Boenning & Scattergood, our mission is to exceed the expectations of our clients, and I believe we have had great success in doing just that.

Our philosophy throughout our 108-year history has always been to follow our tradition of integrity, expertise, and a commitment to client service.

In living out our philosophy, we naturally place our clients’ interests first – we always have, always will.

At the same time, our culture and reputation as one of the longest-standing and most trusted investment firms in our region are key aspects of our identity – aspects we do not want to change.

Our association with LPL will ensure that this continues.

We look forward to continuing our service for your every investment need.

Sincerely yours,

Harold F. Scattergood, Jr.
Chairman
Boenning & Scattergood, Inc.

WEST CONSHOHOCKEN, PA, January 15, 2020 – 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 pursuing 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.

Contacts

Michael Mara
President
Boenning & Scattergood, Inc.
610.832.5235
mmara@boenninginc.com

Jennifer Weintraub
Manager, Marketing & Corporate Communications
Boenning & Scattergood, Inc.
610.832.5259
jweintraub@boenninginc.com

WEST CONSHOHOCKEN, PA, September 17, 2019 – Boenning & Scattergood, Inc., a leading independent securities, asset management, and investment banking firm, is pleased to announce the hiring of financial services industry veteran Jeff Stannard as Managing Director, Head of the Private Client Group, located at its headquarters in West Conshohocken, PA.

Jeff brings to the firm more than 30 years of experience as a senior financial services executive and will be responsible for growing all aspects of the brokerage and wealth advisory business within the Private Client Group. His expansive relationships with professionals in the investment community will help identify and attract individuals who will build on the firm’s longstanding traditions of integrity, expertise, and commitment to client service.

“We are excited that Jeff has joined our team,” commented Michael Mara, President of Boenning & Scattergood. “Given our strategic initiative to significantly build our Private Client Group, Jeff’s knowledge of the wealth management business and keen focus on what clients expect and demand from today’s financial advisors make him a great asset to our firm.”

Mr. Stannard joins the firm from Wells Fargo Advisors, where he served as Regional Brokerage Manager for close to four years covering the Princeton, NJ market. Prior to Wells Fargo, Jeff served as Complex Director at UBS in Philadelphia for eight years and prior to that, was with Morgan Stanley in the New York region for 22 years. Jeff graduated from Hartwick College with a bachelor’s degree in Economics.

“One of the many unique qualities about Jeff is his extensive experience working with financial advisors, which will help our firm continue to grow and attract high-level talent,” added Harold Scattergood, Chairman & CEO of Boenning & Scattergood. “I’m pleased that Jeff has chosen to join us.”

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.

Contacts

Michael Mara
President
Boenning & Scattergood, Inc.
610.832.5235
mmara@boenninginc.com

Jennifer Weintraub
Manager, Marketing & Corporate Communications
Boenning & Scattergood, Inc.
610.832.5259
jweintraub@boenninginc.com

WEST CONSHOHOCKEN, PA, August 27, 2019 – Boenning & Scattergood, Inc., a leading independent securities, asset management, and investment banking firm, is proud to announce that Joseph Waterman has been hired as Vice President, Private Client Group in its West Conshohocken, PA office.

Joe will serve as Financial Advisor with a focus on servicing the comprehensive wealth planning needs of high-net-worth individuals, entrepreneurs, and corporate executives. His hiring coincides with the firm’s expansion in the wealth advisory space and private client group.

“We are very excited to announce that Joe will be joining our private client group,” commented Michael Mara, President of Boenning & Scattergood. “Joe’s impeccable credentials and commitment to delivering superb client service will make him the perfect fit at Boenning & Scattergood.”

Joe joins Boenning & Scattergood from Merrill Lynch’s Private Banking & Investment Group (PBIG/NYC – Bryant Park), where he served as Financial Analyst / Wealth Advisor for the past 21 years. He was responsible for identifying new business opportunities, oversight of his team’s $650 million discretionary portfolio, and served as lead equity and options trader. Joe graduated from Gettysburg College with a bachelor’s degree in Business Management. He holds Series 7 and 66 licenses through LPL Financial.

“Joe has already enjoyed a stellar career in the private banking space,” said Harold Scattergood, Chairman & CEO of Boenning & Scattergood. “We believe his commitment to long-term relationships resonates with clients, and we are very pleased that he is part of our team.”

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.

Contacts

Michael Mara
President 
Boenning & Scattergood, Inc. 
610.832.5235 
mmara@boenninginc.com

Jennifer Weintraub 
Manager, Marketing & Corporate Communications 
Boenning & Scattergood, Inc. 
610.832.5259 
jweintraub@boenninginc.com