KKR Acquires Janney Montgomery Scott

Owned by Penn Mutual

Date:

Autor: Marcelo Soba

Investment funds managed by KKR will acquire Janney Montgomery Scott

Janney is a wealth management, investment banking, and asset management firm

The acquired firm has more than $150 billion in AUMs, with over 900 financial advisors providing financial planning, asset allocation, retirement planning, and other financial services and advice to clients in 135 offices across the U.S.

After the transaction closes, Janney will become an independent private company that will continue to operate autonomously