Janney has made another hire from Morgan Stanley, this time in Maryland.

Philadelphia, PA-headquarterd Janney Montgomery Scott has appointed Fred Zeller as first vice president of wealth management from Morgan Stanley, where he managed around $200 million in client assets.

Zeller is based in Baltimore, MD, and has 30 years of industry experience.

Last week, Janney hired Eric Walker as a financial advisor in Washington, DC - also from Morgan Stanley.

Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company.