- Asset allocation planning
- Investment policy development
- Portfolio analysis
- Portfolio rebalances
- Performance monitoring
- Investment planning
- Estate planning
- Retirement planning
- College fund planning
- Wealth management
- Asset protection
- Charitable gift planning
- Business planning
- Investment advice
- Periodic plan statements
Janney Montgomery Scott Investment Philosophy
Janney Montgomery Scott touts on its website that as part of its wealth management approach, it implements strategic financial plans that utilize various financial products and services. The firm also says its mission is to be the highest standard of success in financial relationships.
When it comes to specific investment decisions, the firm's advisors generally employ long-term investment strategies. This is done as opposed to short-term investing, which tends to focus on taking advantage of riskier market movements. The firm invests in mutual funds, exchange-traded funds (ETFs), annuities, managed account programs and individual stock and bonds. The composition of your portfolio will depend on your risk tolerance, time horizon, financial goals and more.
Fees Under Janney Montgomery Scott
In Janney Montgomery Scott’s Form ADV, the firm specifies a maximum flat fee of 2.00% for all of its advisory programs. The firm also offers 11 fee-based wrap fee programs. These differ from standard fee schedules in that they combine all advisory, transactional and custodial fees into a single rate.
The firm’s advisory fees are typically billed quarterly in advance. Here's a breakdown of about how much you can expect to pay at this firm if you were charged the maximum 2.00% fee rate:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at Janney Montgomery Scott* | |
| Your Assets | Janney Montgomery Scott Fee Amount |
| $500K | $10,000 |
| $1MM | $20,000 |
| $5MM | $100,000 |
| $10MM | $200,000 |
What to Watch Out For
Janney Montgomery Scott has 39 total disclosures listed on its Form ADV. Also, Janney Montgomery Scott can earn additional compensation from certain mutual funds and investment programs. This can create a potential conflict of interest if advisors become incentivized to recommend products that don’t serve each client’s best interest. However, the firm’s fiduciary duty legally requires it to act in your best interest.
Opening an Account With Janney Montgomery Scott
There are a number of options for opening an account with Janney Montgomery Scott. You can either find an advisor through the firm's online tool or you can set up an appointment with an advisor by contacting them at (215) 665-6000.
All information is accurate as of the writing of this article.
Tips for Investing
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- Investing can be an unpredictable process, but it helps to determine how much you’re willing to spend, as well as your time horizons. Our investment calculator can give you a better idea of how much your investments can earn you over time.
