SEC-registered wealth management firm Broker-dealer affiliated
Janney Montgomery Scott LLC
As of its Form ADV filed June 30, 2026, Janney Montgomery Scott LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Philadelphia, Pennsylvania, reported $110.1 billion in regulatory assets under management across 243,808 accounts, ranking #2 among all wealth firms in Pennsylvania by assets.
Registration
- Main office
- Philadelphia, PA
- Registration
- SEC-registered, Approved
- CRD number
- 463
- SEC file number
- 801-7258
- Registered since
- March 8, 1971
- Latest Form ADV filing
- June 30, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 138
Key figures
- Regulatory assets under management
- $110.1 billion
- Discretionary
- $76.2 billion (69.2%)
- Non-discretionary
- $33.9 billion
- Accounts
- 243,808 (187,981 discretionary)
- Clients
- 244,839, approximate as reported
- Employees
- 2,404
- Advisory staff
- 1,614 performing investment advisory functions
- Average account
- $451,641
- Asset growth, 1 year
- 9.2% (from $100.8 billion a year earlier)
- Asset growth, 3-year annual rate
- 14.7% (from $73.0 billion three years earlier)
- Asset growth, 5-year annual rate
- 12.2% (from $62.0 billion five years earlier)
- Client growth, 1 year
- 1.3% (from 241,667)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $7.1 billion |
| October 3, 2011 | $8.9 billion |
| October 1, 2012 | $10.9 billion |
| October 1, 2013 | $12.6 billion |
| October 1, 2014 | $15.7 billion |
| October 1, 2015 | $18.5 billion |
| October 3, 2016 | $19.6 billion |
| October 2, 2017 | $27.3 billion |
| October 1, 2018 | $34.7 billion |
| October 1, 2019 | $36.6 billion |
| October 1, 2020 | $50.3 billion |
| October 4, 2021 | $62.0 billion |
| October 3, 2022 | $81.3 billion |
| October 5, 2023 | $73.0 billion |
| October 1, 2024 | $85.9 billion |
| September 2, 2025 | $100.8 billion |
| October 2, 2026 | $110.1 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 100,743 clients | $76.5 billion | |
| Individuals (other than high net worth) 139,021 clients | $21.1 billion | |
| Pension and profit sharing plans 664 clients | $7.0 billion | |
| Corporations or other businesses 1,425 clients | $2.7 billion | |
| Charitable organizations 1,810 clients | $2.1 billion | |
| State or municipal government entities 145 clients | $717.3 million | |
| Banking or thrift institutions fewer than 5 clients | $0 | |
| Other investment advisers fewer than 5 clients | $0 | |
| Insurance companies fewer than 5 clients | $0 | |
| Sovereign wealth funds and foreign official institutions fewer than 5 clients | $0 | |
| Other fewer than 5 clients | $0 |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Commissions
- Other
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 16000.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
- Trust company
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Trust company
- Insurance company or agency
Custody (Item 9)
The firm reported custody of client cash or securities, $104.1 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 1,341
- Also registered through a broker-dealer
- 1,338
- Employees who are IARs (Form ADV 5.B(3))
- 1,284
Designations held by the firm's IARs: CFP 246, ChFC 17, CFA 11, PFS 2.
Between 340 and 1,156 of the firm's 1,341 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 7 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Pennsylvania
| Firm | City | RAUM |
|---|---|---|
| PNC Wealth Management | Pittsburgh | $30.3 billion |
| Lincoln Investment | Fort Washington | $22.0 billion |
| Mycio Wealth Partners, LLC | Philadelphia | $15.8 billion |
| Great Valley Advisor Group, LLC | Berwyn | $10.6 billion |
| Callan Family Office, LLC | Radnor | $10.2 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Janney Montgomery Scott LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.janney.com
- Wealth management firms in Pennsylvania
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.