Janney Montgomery Scott has roots dating back to 1832. According to WealthManagment.com, the firm once held the second-oldest seat on the New York Stock Exchange. Janney is a privately held firm—an independent subsidiary of Penn Mutual Life Insurance.
It's Janney's Private Client Group making waves in the wealth management space. The firm has become attractive to advisors seeking a more flexible approach to servicing clients. The firm currently has approximately 135 billion dollars in assets under advisement and has a footprint across 21 states served by over 850 advisors.
The firm has managed to remain relevant in a sea replete of options. Jerry Lombard, President of the Private Client Group says the firm's size is an advantage. "Being small enough to be able to listen, instead of trying to manage to a one size fits all kind of scheme, I think makes us a little bit different." Lombard added, "because of our size, we can offer very tailored solutions and create a gold path for clients to be on that we feel is heavy on integrity, heavy on personalized advice, always being there."
From the executive level, Janney prioritizes its advisors as a close second to their clients. Janney has a very collaborative process with a financial advisor council. The input from their advisors influences a lot of the priorities in the firm's business plan each year.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
