New brokerage firm opens in North Chattanooga

New brokerage firm opens in North Chattanooga

July 25th, 2011 in Local - Breaking News

Ward Petty

Ward Petty

Benjamin F. Edwards & Co., a St. Louis-based brokerage firm, opened an office in North Chattanooga today with nine financial advisers.

Joseph Edward "Ward" Petty, who helped start the A.G. Edwards & Co., office in Chattanooga in 1991, will head the new brokerge office on Frazier Avenue. The Chattanooga office is the 17th nationally and the first in Tennessee for Benjamin F. Edwards, which began in 2008 by one of the descendents of A.G. Edwards.

The former Wachovia Corp. bought A.G. Edwards in 2007 and Wachovia was later acquired by Wells Fargo following the 2008 financial crisis.

Petty, who has been recognized by Barron's as one of the top 1,000 financial consultants in the country in 2009 and 2010, said Benjamin Edwards' "dedication to providing premiere service and goals-based investment advice combined with its robust selection of investment products and services makes it an ideal fit for our clients."

Other brokers joining the firm from Wells Faro Adviors include:

* Aon D. Miller, a certified financial planner who previously worked at A.G. Edwards since 1998.

* Joe Donnovin, Jr., who began his career in financial services at Alex Brown & Sons in 1980 after serving s a lieutenant in the U.S. Army and the 6th Special Forces Group. He joined A.G. Edwards in 1993.

* Joe Pollak, a 23-year veteran of the financial services industry, worked for the past 13 years ago A.G. Edwards (now Wells Fargo Advisors).

* Joseph H. Petty, the father of Branch Manager Ward Petty, Joe Petty was formerly managing partner and president of Petty & Landis, LLC, from 1964 through 1996 before joining A.G. Edwards.

"This is a highly-talented team of financial professionals who have decades of experience and - most importantly - value our client-first approach," Benjamin F. "Tad" Edwards IV, chairman, CEO, and president of Benjamin F. Edwards & Co., said in a prepared statement.

R. John Grzesiak, a financial advisor for Wells Fargo Advisors, serves as branch manager for the local Wells Fargo office.