Janney Capital Management LLC (Pittsburgh)

Janney Capital Management LLC is a large advisory firm based in Pittsburgh. It manages $3.04 billion of regulatory assets for 11,853 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 43 other states.

Janney Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Janney Capital Management: assets under management

The assets under management (AUM) of Janney Capital Management LLC is $3.04 billion. The firm's AUM has grown by 25% since the beginning of its operation, and $11.46 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.98 billion in discretionary accounts and $54.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $165.8 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Janney Capital Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Janney Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Janney Capital Management is individuals with 9,917 clients and $1.46 billion of assets under management. Among the 5 most similar advisory firms, Janney Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.04 billion for 11,853 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Janney Capital Management doesn't advise any private funds.

Careers at Janney Capital Management LLC

The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Janney Montgomery Scott Llc	Sole member	1 Oct 2011	75% - 100%	463
Timothy Maurice Slevin	Vice president	1 Oct 2011	Other	2264787
James Murray Egan	Vice president	1 Oct 2011	Other	1056604
Thomas A Hohenstein	Treasurer	1 Oct 2011	Other	3123815
Jerome Francis Lombard	Manager	1 Oct 2011	Other	1066832
Timothy Howell Williams	Vice president	1 Oct 2011	Other	4578073
Ronald Alan Holinsky	Chief legal officer	1 Oct 2011	Other	4867461
Peter Paul Lydzinski	Chief compliance officer	1 Oct 2011	Other	4459773
Mark Daniel Luschini	President & manager	1 May 2012	Other	1376489
David Stuart Penn	Chairman & manager	1 May 2012	Other	1284964
Dwight Cowden	Chief administrative officer	1 Feb 2013	Other	6161503
Daneen Elizabeth Downey	Deputy general counsel	1 Feb 2014	Other	4758790
Robert Paul Slomin	Chief compliance officer, investment advisory	1 Jul 2014	Other	3043306
Kevin Jude Reed	Chairman & manager	1 Sep 2014	Other	2105832
Christopher Scott Thurston	Chief compliance officer	1 Aug 2015	Other	3112696
Robert William Jay	Chief administrative officer	1 Sep 2016	Other	6705989
Dorothy Marie Allison	Chief compliance officer	1 Aug 2017	Other	6847471
Jessica Ellen Lempa	Chief compliance officer	1 Apr 2018	Other	5276453

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Independence Square Properties Llc	Llc member	1 Jul 1982	75% - 100%	23-1918844
The Penn Mutual Life Insurance Company	Shareholder	1 Aug 1999	75% - 100%	23-0952300

Based in Pittsburgh

The principal office where Janney Capital Management LLC performs its advisory services is located at One Ppg Place, Pittsburgh, PA 15222, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-562-8100 or by fax 412-562-8027. The normal business hours are 8:30 am to 5 pm on Monday - Friday.