{
  "crd_number": 463,
  "slug": "janney-montgomery-scott-llc-philadelphia-pa-463",
  "primary_business_name": "JANNEY MONTGOMERY SCOTT LLC",
  "legal_name": "JANNEY MONTGOMERY SCOTT LLC",
  "dbas": [],
  "city": "Philadelphia",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1971-03-08",
  "years_registered": 55,
  "period": "2026-10-01",
  "filing_date": "2026-06-30",
  "carried_forward": false,
  "raum_total": 110113690076.0,
  "raum_discretionary": 76213694173.0,
  "raum_non_discretionary": 33899995903.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 2404,
  "advisory_employees": 1614,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0,
      "description": "N/A",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 2134400387.0,
      "count": 1810
    },
    "individuals": {
      "raum": 21060208234.0,
      "count": 139021
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 717291350.0,
      "count": 145
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 7043418173.0,
      "count": 664
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 76460262772.0,
      "count": 100743
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 2698109160.0,
      "count": 1425
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 7,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/JANNEYMONTGOMERYSCOTT",
    "https://janney.com",
    "https://linkedin.com/COMPANY/JANNEY-MONTGOMERY-SCOTT",
    "https://twitter.com/JANNEY1832",
    "https://vimeo.com/user22855811"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/463",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "PHILADELPHIA",
  "url": "https://advisorcensus.com/firm/janney-montgomery-scott-llc-philadelphia-pa-463",
  "display_name": "Janney Montgomery Scott LLC",
  "summary": "Janney Montgomery Scott LLC is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 1971, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.",
  "citation": "AdvisorCensus. Janney Montgomery Scott LLC (CRD 463): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Janney Montgomery Scott LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Janney Montgomery Scott LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions; other."
    },
    {
      "q": "Where is Janney Montgomery Scott LLC located?",
      "a": "Janney Montgomery Scott LLC's principal office is in Philadelphia, PA, according to its Form ADV; the July 2026 filing also lists 25 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Janney Montgomery Scott LLC registered with the SEC or a state?",
      "a": "Janney Montgomery Scott LLC is an SEC-registered investment advisory firm, registered since 1971. Status as filed: Approved. CRD 463."
    },
    {
      "q": "How much does Janney Montgomery Scott LLC manage?",
      "a": "Janney Montgomery Scott LLC reports $110,113,690,076 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (69% discretionary)."
    },
    {
      "q": "How have Janney Montgomery Scott LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Janney Montgomery Scott LLC: Regulatory assets under management: $62,029,497,716 in the October 2021 data and $110,113,690,076 in the October 2026 data, up 78%. Total employees: 2,076 in October 2021 and 2,404 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Janney Montgomery Scott LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (139,021); high net worth individuals (100,743); charitable organizations (1,810)."
    },
    {
      "q": "Does Janney Montgomery Scott LLC report any disciplinary disclosures?",
      "a": "Reports 7 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/463"
    },
    {
      "q": "What changed in Janney Montgomery Scott LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 1208 to 1614. Changed its office addresses in Albany, NY. Changed its office addresses in Atlanta, GA. Changed its office addresses in Bedminster, NJ. Changed its office addresses in Bryn Mawr, PA. Changed its office addresses in Glastonbury, CT. Changed its office addresses in Greenville, DE. Changed its office addresses in Towson, MD. Changed its office addresses in Washington, DC. Changed its office addresses in York, PA. Added an office in Miami, FL. Added an office in Sewickley, PA. Added an office in Stuart, FL. No longer lists an office in Boca Raton, FL. No longer lists an office in Warwick, RI. No longer lists an office in Wexford, PA. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 62029497716.0,
      "total_employees": 2076,
      "filing_date": "2021-08-10"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 81346579088.0,
      "total_employees": 2137,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 73000611319.0,
      "total_employees": 2242,
      "filing_date": "2023-10-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 85895170425.0,
      "total_employees": 2295,
      "filing_date": "2024-08-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 100795564390.0,
      "total_employees": 2375,
      "filing_date": "2025-07-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 110113690076.0,
      "total_employees": 2404,
      "filing_date": "2026-06-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 1208 to 1614.",
        "Changed its office addresses in Albany, NY.",
        "Changed its office addresses in Atlanta, GA.",
        "Changed its office addresses in Bedminster, NJ.",
        "Changed its office addresses in Bryn Mawr, PA.",
        "Changed its office addresses in Glastonbury, CT.",
        "Changed its office addresses in Greenville, DE.",
        "Changed its office addresses in Towson, MD.",
        "Changed its office addresses in Washington, DC.",
        "Changed its office addresses in York, PA.",
        "Added an office in Miami, FL.",
        "Added an office in Sewickley, PA.",
        "Added an office in Stuart, FL.",
        "No longer lists an office in Boca Raton, FL.",
        "No longer lists an office in Warwick, RI.",
        "No longer lists an office in Wexford, PA.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/janney-montgomery-scott-llc-philadelphia-pa-463.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 139021,
      "fewer_than_5": false,
      "raum": 21060208234.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 100743,
      "fewer_than_5": false,
      "raum": 76460262772.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 664,
      "fewer_than_5": false,
      "raum": 7043418173.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1810,
      "fewer_than_5": false,
      "raum": 2134400387.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 145,
      "fewer_than_5": false,
      "raum": 717291350.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1425,
      "fewer_than_5": false,
      "raum": 2698109160.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 7 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/463",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}