AdvisorRanked
60
Multiple Red Flags

JANNEY MONTGOMERY SCOTT LLC

1717 ARCH STREET, PHILADELPHIA, PA 19103
commissionSEC Registered
215-665-6000 HTTPS://WWW.FACEBOOK.COM/JANNEYMONTGOMERYSCOTT CRD #463
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$110.1B
Assets Managed
1,614
Clients
2404
Employees
55
Years Active
since 1971

Compensation Model

% of Assets (AUM)
Hourly Fees
Fixed / Flat Fees
Commissions
Performance Fees

Compensation type disclosed on SEC Form ADV Item 5C. Filed 46112. Specific fee percentages are available in this firm's Form ADV Part 2A brochure at adviserinfo.sec.gov.

Conflict of Interest Analysis

Broker-Dealer Affiliated: Yes

This firm is affiliated with a broker-dealer, which means they may earn commissions on product sales — creating a potential conflict between their revenue and your best interest.

Insurance Licensed: No

Not insurance licensed. Cannot sell you annuity or insurance products directly.

Custody of Client Assets: Yes

This firm has direct custody of client assets, rather than using an independent custodian. This is a higher-risk arrangement that requires additional regulatory safeguards.

Proprietary Products: No

Uses only third-party investment products. No proprietary product conflicts.

Regulatory & Disciplinary History

complaint46112

19 customer complaint(s)/arbitration(s) disclosed on Form ADV Item 11.

Resolved

Total complaints on record: 19

Complaint ratio: 1.18 per 100 clients

Industry average is approximately 0.15 complaints per 100 clients. A ratio above 0.30 is considered elevated.

Firm Details

Legal NameJANNEY MONTGOMERY SCOTT LLC
CRD Number#463
SEC RegisteredYes
Registration Date1971-03-08
States RegisteredPA
Assets Under Management$110.1B
Number of Clients1,614
Employees2404
Compensation Typecommission
Last ADV Filing46112

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Frequently Asked Questions

Is JANNEY MONTGOMERY SCOTT LLC a fiduciary?

No. JANNEY MONTGOMERY SCOTT LLC is not registered as an RIA and is not legally bound by the fiduciary standard.

How does JANNEY MONTGOMERY SCOTT LLC charge clients?

JANNEY MONTGOMERY SCOTT LLC uses a commission compensation model. They also earn commissions on product sales, which may create conflicts of interest. Full fee details are in their Form ADV Part 2A brochure at adviserinfo.sec.gov.

Does JANNEY MONTGOMERY SCOTT LLC have any complaints?

Yes. JANNEY MONTGOMERY SCOTT LLC has 19 complaint(s) on record. Their complaint ratio is 1.18 per 100 clients (industry average: ~0.15).

How does JANNEY MONTGOMERY SCOTT LLC compare to other advisors in PHILADELPHIA?

JANNEY MONTGOMERY SCOTT LLC has a Red Flag Score of 60/100. There are 54 registered advisory firms in PHILADELPHIA. Use our city page to compare firms side by side.

Where does this data come from?

All information is sourced from SEC Form ADV public filings (mandatory regulatory disclosures) and FINRA BrokerCheck records. Last updated: 2026-06-24. We do not accept payment from financial advisors.

Data source: SEC Form ADV (Parts 1 and 2A) filed with the Investment Adviser Registration Depository (IARD). Filing date: 46112. Last data refresh: 2026-06-24. AdvisorRanked does not verify the accuracy of SEC filings. This is not financial advice.