Broker-dealer firm · Philadelphia, PA
Janney Montgomery Scott LLC
SEC-registered investment adviser · CRD 463 · SEC 801-7258
At a glance
Janney Montgomery Scott LLC is an SEC-registered investment adviser based in Philadelphia, Pennsylvania, with $110.1 billion in regulatory assets under management as of its Form ADV filed June 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 239,764 individual clients. By Form ADV it is a broker-dealer firm, ranked 21st of 391 broker-dealer firms and 241st of 17,210 SEC-registered advisers by assets.
Main office 215-665-6000janney.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $110B
- Rank among broker-dealer firms
- #21 of 391
- Rank among all SEC RIAs
- #241 of 17,210
- Rank in Pennsylvania
- #14 of 564
- Individual clients
- 239,764
- High-net-worth clients
- 100,743
- Accounts
- 243,808
- Discretionary
- 69% of AUM
- Employees
- 2,404
- Advisory staff
- 1,614
- Offices
- 139
Owners and executives on its Form ADV
- Anthony Matthew MillerDirector, President and CEO
- Gregory Burns McSheaGeneral Counsel
- Daneen Elizabeth DowneyDeputy General Counsel
- Jessica Ellen LempaIa CCO
- David Michael MullanPrincipal Operations Officer
- Caroline Kathryne HallChief Compliance Officer
- Christopher FuscoRosfp
- Kevin Jude ReedExecutive Officer
- Michael J HrickoChief Financial Officer
- Brett Stephan RiggiChief Operating Officer
Custody and brokerage
Custodian
Janney Montgomery Scott LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Janney Montgomery Scott LLC is a hybrid RIA: 1,525 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Global Atlantic Distributors, LLC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 100,743 | $76B | 69% |
| Individuals | 139,021 | $21B | 19% |
| Pension and profit sharing plans | 664 | $7.0B | 6% |
| Corporations or other businesses | 1,425 | $2.7B | 2% |
| Charitable organizations | 1,810 | $2.1B | 2% |
| State or municipal government entities | 145 | $717M | <1% |
Disciplinary disclosures
Janney Montgomery Scott LLC answers yes to 58 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Commissions
- Other
Form ADV and brochures on the SEC’s adviser search ↗janney.com ↗
AtlasMembers
The full record on Janney Montgomery Scott LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 39 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Janney Montgomery Scott LLC manage?
Janney Montgomery Scott LLC reports $110.1 billion in regulatory assets under management across 243,808 accounts, 69% of it on a discretionary basis, on its Form ADV filed June 30, 2026.
What kind of firm is Janney Montgomery Scott LLC?
Janney Montgomery Scott LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. A public reporting company controls it.
Who are Janney Montgomery Scott LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($76.5 billion, 100,743 clients); individuals ($21.1 billion, 139,021 clients); pension and profit sharing plans ($7.0 billion, 664 clients).
Does Janney Montgomery Scott LLC have any disciplinary history?
Janney Montgomery Scott LLC answers yes to 58 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Janney Montgomery Scott LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →