Providence, RI – August 20, 2014 – Janney Montgomery Scott LLC (“Janney”), a leading regional
full-service financial services firm, announced that Steven Pitassi, Senior Vice President/Branch Manager
of the firm’s Providence, RI. office, was named in On Wall Street’s list of Top 10 Branch Managers,
published in June of 2014. The prestigious award recognizes branch managers who exhibit unsurpassed
expertise in the field, a dedication to superior service, outstanding leadership, resourceful integration of
resources, and an unwavering commitment to meeting clients’ needs.

“Steven is a top-level manager who consistently demonstrates the fundamental characteristics key to
any great leader’s success,” said Jerry Lombard, president of the firm’s Private Client Group. “Despite
the challenging market environment in which we’ve worked over the past few years, Steven has led his
team by example, remaining focused on the strength and growth of the Providence branch by striving to
deliver the highest level of service and advice to Janney’s clients.”

A well-respected leader in the greater Providence area, Pitassi has been an integral component of the
firm since he joined Janney in 1981. Prior to Janney, he spent six years with the City of Providence as an
Accountant, a City Controller and as acting Finance Director. Steven earned his bachelor’s degree in
Business Administration from Roger Williams University and his Masters Degree in Teaching Business
Education from Johnson and Wales University.

To learn more about Steven and Janney Montgomery Scott, visit

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About Janney Montgomery Scott LLC:
Established in 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and superior
service to individual, corporate and institutional investors. A full‐service, financial services firm, Janney is
committed to providing our clients advice through a wealth management approach by focusing on the
delivery of strategic financial plans that utilize a variety of financial products and services best suited to
help meet their financial goals. Janney is equally committed to providing our corporate and institutional
clients objective advice for the successful execution of their unique business plans. Janney provides
advice and service to clients through a network of professionals in branch offices located along the entire
east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company,
one of the largest mutual insurance companies in the nation, and is a member of the New York Stock
Exchange, Financial Industry Regulatory Authority and Securities Investor Protection Corporation.
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