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Janney Montgomery Scott LLC sponsors Stock Market Game on campus
12-21-12

The competition was held Sept. 17 to Dec. 10.
More than 60 business students from Misericordia University and other regional colleges and universities recently competed in the Stock Market Game, sponsored by the Kingston office of Janney Montgomery Scott LLC, a full-service financial services firm headquartered in Philadelphia, Pa. Students participating in the contest, which was conducted from Sept. 17 to Dec. 10, were given 250,000 virtual dollars to invest in a simulated online portfolio and had to manage the funds effectively under market conditions.

“Those who participated were able to learn valuable lessons in finance from an interactive game that mimics real stocks in the market,’’ said Peter Shelp, CFP and first vice president/Wealth Management of Janney’s Kingston office, and an adjunct faculty member at Misericordia University. “We wanted to provide local students practical experience to help prepare them to responsibly manage money in their future, while developing a deeper understanding about the value of smart and sound investments.’’

In the competition, students were asked to invest only in stocks that traded above $2 per share. At the market-close on the final day of the game, the students with the highest account values won. The game is an outstanding opportunity for students to apply economic and investment knowledge, and hone skills they may use both professionally and personally, according to the Securities Industry and Financial Markets Association (SIFMA), which developed the game.

Janney organized the game and awarded $2,250 to students who placed in the top five spots. First and second place winners received $750, while third, fourth and fifth place winners received $250 each. Winners included:

1. Katie Phelan, King’s College; 2. Jared O’Donnell, King’s College 3. Anthony Powell, Misericordia University 4. Kyle Calabro, Misericordia University 5. Peter Doggett, Misericordia University.

“The Misericordia University Business Professional Association student leadership did a great job in getting the word out and promoting this terrific opportunity,’’ added Timothy Kearney, Ph.D., assistant professor and chair, Department of Business, Misericordia University. “We are thrilled to do what we can at Misericordia to help Janney expand the Stock Market Game to more business majors and colleges next year.’’

Janney Montgomery Scott LLC was established in 1832. The company provides comprehensive financial advice and superior service to individual, corporate and institutional investors. A full-service financial services firm, Janney is committed to providing individuals, and families, advice through a wealth management approach. The firm focuses on the delivery of strategic financial plans that utilize a variety of financial products and services best suited to help meet unique financial goals. Janney is equally committed to providing its corporate and institutional clients objective advice for the successful execution of their unique business plans. The firm provides advice and service to clients through a network of professionals in branch offices located primarily along the entire east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company. It is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corporation. For more information about Janney’s Kingston branch office, please visit www.janney.com or www.petershelp.com, or call (570) 283-8140.

For more information about the Department of Business at Misericordia University, please log on to www.misericordia.edu or call (570) 674-6400. Founded and Sponsored by the Sisters of Mercy in 1924, Misericordia University is Luzerne County’s first four-year college and offers 36 academic programs on the graduate and undergraduate levels in full- and part-time formats.

Caption:

Janney Montgomery Scott LLC of Kingston, Pa., and Moosic, Pa., recently sponsored a Stock Market Game for regional collegians to compete in at Misericordia University. Sixty-two business students competed for cash prizes. Sponsors, organizers and students who scheduled the contest and took home cash prizes, included, first row from left, Peter Doggert of Clarks Summit, Pa., accounting student, Misericordia University; Katie Phelan of Baltimore, Md., business administration student, King’s College; Adam Shelp, financial advisor, Janney Montgomery Scott LLC; and Jared O’Donnell of Conyngham, Pa., finance student, King’s College; second row, Susan Whitesell, chartered retirement plan counselor, Janney Montgomery Scott LLC; Timothy F. Kearney, Ph.D. assistant professor and chair, Department of Business, Misericordia University; Peter Shelp, certified financial planner, Janney Montgomery Scott LLC, and adjunct faculty member, Misericordia University; and Keith R. Kleinman, first vice president, Wealth Management, Janney Montgomery Scott LLC. Missing from photo are Misericordia University students Anthony Powell and Kyle Calabro who each won $250 for placing third and fourth, respectively, and William J. Pearce, first vice president, Janney Montgomery Scott LLC.