Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Commissions
- Other
Janney Montgomery Scott LLC Overview
Janney Montgomery Scott LLC is a Philadelphia-based fee-based registered investment advisory firm that has been in business since 1971. As a broker-dealer, insurance broker/agent, trust company, municipal advisor, and provider of investment advice, the firm offers a range of financial services to its clients. The firm's services include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, pension consulting services, and selection of other advisors. In addition, Janney Montgomery Scott LLC offers educational seminars and workshops. Janney Montgomery Scott LLC provides expert financial advice to help clients efficiently manage their money and investment portfolios. The variety of services offered ensures that clients receive personalized and comprehensive financial solutions to meet their needs and goals. The client-focused approach of the firm reflects the experience and expertise of its financial advisors.
JANNEY MONTGOMERY SCOTT LLC caters to a diverse range of clients from different industries and backgrounds. They offer their services to individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed. This broad client base allows JANNEY MONTGOMERY SCOTT LLC to remain flexible, adapting their services to cater to the specific needs and requirements of each of their clients. The fee structure at JANNEY MONTGOMERY SCOTT LLC is structured depending on the type of service provided. They offer a percentage of AUM, fixed fees, commissions, and other types of fees depending on the client's needs. AUM refers to assets under management, which is the total market value of the investments managed by the firm on behalf of the client. Fixed fees are a set amount charged for a particular service regardless of the amount of assets being managed. Commissions are charged on the sale of investment products or services. The other types of fees charged may include performance fees, account-related fees, or transactional fees. Overall, JANNEY MONTGOMERY SCOTT LLC offers a variety of fee structures ensuring their clients have a flexible and cost-effective option that best suits their needs.
Typical Clients, Fee Structures & Investment Minimum
According to JANNEY MONTGOMERY SCOTT LLC's Part 2 Brochure, the note about investment minimums is blank. Therefore, there is no mention of an investment minimum.
How This Office Can Help Lycoming County, PA Residents
Janney Montgomery Scott LLC is a financial advisory firm that has been providing investment services to clients in Lycoming County, PA for over 50 years. The company's experienced advisors work closely with clients to understand their financial goals, risk tolerance, and investment objectives. They provide tailored solutions designed to help clients achieve their financial objectives and navigate the complex financial landscape. Lycoming County, PA residents may face various financial situations, including planning for retirement, managing their investments, and developing strategies for transferring their assets to future generations. Moreover, the rising cost of healthcare and education can also pose financial challenges for local residents, especially those nearing retirement age. Janney Montgomery Scott LLC provides personalized financial advice and investment solutions designed to help clients navigate these challenges while achieving their financial goals. Whether clients need help developing a comprehensive retirement plan, managing their investments, or navigating complex estate planning and tax matters, Janney Montgomery Scott LLC's financial advisors work closely with them to develop customized solutions that meet their unique needs.
Services Offered by Janney Montgomery Scott LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Janney Montgomery Scott LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Janney Montgomery Scott LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Janney Montgomery Scott LLC does not have any disclosures. Please visit it's Form ADV for more details.