Janney Montgomery Scott LLC

Registered investment adviser · Philadelphia, PA · CRD #463

Form ADV data as of 2026-09-01

Regulatory assets

$110.11 billion

Total accounts

243,808

Employees

2,404

Disclosure events

Firm details

Website: https://www.facebook.com/janneymontgomeryscott
Telephone: 215-665-6000
SEC file number: 801-7258
Most recent Form ADV filing: 2026-06-30
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 7 disclosure questions answered Yes, covering 58 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a violation of its rules

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$76.21 billion
Non-discretionary regulatory assets under management	$33.90 billion
Total regulatory assets under management	$110.11 billion
Discretionary accounts	187,981
Non-discretionary accounts	55,827
Total accounts	243,808
Regulatory assets under management attributable to non-U.S. persons	$409.4 million

People

Total employees (excluding clerical)	2,404
Employees performing investment advisory functions (including research)	1,614
Employees who are registered representatives of a broker-dealer	1,525
Employees registered as investment adviser representatives with a state	1,284
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	1,062
Firms or persons who solicit advisory clients on the firm's behalf	18

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$104.09 billion
Clients for whom the firm has custody	243,528
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	Yes
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	36

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)CommissionsOther

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agentTrust company

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Trust companyInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	139,021	$21.06 billion
High net worth individuals	100,743	$76.46 billion
Pension and profit sharing plans (not the participants or government plans)	664	$7.04 billion
Charitable organizations	1,810	$2.13 billion
State or municipal government entities (including government pension plans)	145	$717.3 million
Corporations or other businesses not listed above	1,425	$2.70 billion