analyst

associate

financial advisor

client associate

operations associate

Janney Montgomery Scott LLC

This is a company you would be happy to say you work for - good values. Nice staff, decent help from HQ, a lot of paper in this industry, many different programs to work in, suggestions to work more effectively (especially in regards to utilizing technology) fall upon deaf ears. There is a battle to get technology and to get people to use it. Many advisors prefer paper as opposed to working online (physical agenda books vs Outlook Calendar, for example). It gets quite frustrating at times. Healthcare is a High Deductible plan so if you see a lot of professionals, make sure you signup for the HSA… Employees call the same number for the help desk as customers do so wait times can be very long (which is a problem since most of what you do is time sensitive). Hours are nice, employees are nice, dealing with clients is nice. The lack of technology and use of it is a huge negative. COVID forced the company to rely more on digital signatures, e-mailing information and forms, etc which was nice, but things went back to how they were as soon as everyone was back in the office... Think what other companies started doing 5 years ago, JMS is starting to do today.

Different departments didn't interact much at all, which made the overall culture stay in a constant state of fluctuation. Some departments worked really hard together and others played favorites with certain individuals and barely got anything done.  

Managers and supervisors were willing to listen to issues, whether anything was done about them or not. New ideas were always at least considered, and the people in certain 'silo's' were fantastic; just not the upper management. They often made promises and didn't follow through.

And after many years there, pay raises seemed highly unfair. New employees often got far greater salaries and bonuses than people who worked there really hard for years.

The CEO was a fantastic leader, approachable and strong, but the "lower peons" were never allowed to actually speak to him, even when he was willing and happy to be accessible.

Lastly, the HR department had some fantastic people and some completely terrible people mixed in, which made it difficult to move forward.

I would not recommend working here unless you are desperate for a job, and you should expect Janney to be a near bottom of the barre experience. Nothing is invested in technology, process improvement, or your well-being. You are seen as a means to an end and treated as such. Company does not invest a dime in employee development, they don't even invest in your healthcare (lowest deductible health plan is $1,500.) They don't plan to have employees stay long-term which is why there is a 5 year vesting period to keep the 401k match. 

I saw departures at all levels during my less than 1 year tenure here - the Head of Compliance, a very senior person in HR, an entire team of high-yield fixed income people, not to mention 3 of 6 on my own Team (and I was there only 10 months.) It is truly a revolving door because you have to be sick and dysfunctional to find the place tolerable.

Fast paced environment with opportunities to gain FINRA licensing and to cross train within your role. My direct supervisor and most of my coworkers were great. Raises are typically very low and bonuses for operations associates are non existent. Due to this, morale is generally low. I figured out after a few years that I was losing money by staying there because raises did not keep up with the cost of living. The PPO health plan was dropped and now the only option is a high deductible plan. Vacation / sick time and worklife balance is on par with industry standard. Career advancement opportunities are limited but possible if you get FINRA licensing, esp if you are willing to look outside operations. I’d say Janney operations is a good place to gain industry experience but then move on.

Janney is a good place to start out of college or a last option. I wouldn't recommend coming here to anyone and definitely wouldn't stay long here. Two main issues that'll never get fixed are:

1) There's no real structure for advancement or growth. The only career advancement they offer is becoming an advisor. Because of this the turnover rate is high; they aren't interested in doing exit interviews or keeping individuals.
2) Pay is outdated, beyond low and flat out disrespectful. The parent company takes essentially every penny without any cap. People constantly complain about it and it's well known throughout the company but nothing gets done. Benefits are basic too.

Hopefully the new president can turn this place around but I won't stick around to find that out (evidently, I'm on Indeed).

The company is very willing to train you further in the industry if you show promise and interest. The company culture is the kind where you actually don;t mind going to work once you are there and you feel glad to be part of the team. (Not saying it is NOT work though so I am not saying I love going EVERY day!). But they make it FUN as far as work goes. They even have organized dept happy hours every so often or dept events after work. While they do allow you to work from home occasionally depending on your job, they do not encourage it as much as other companies I worked for in the past. I think the nature of many of the business does not lend too much to this, though. I just do not like that Philly wage tax which puts a big dent into your pay.

Work is never the same thing every day, its constantly changes as you acquire more and more clients. I learned all about trading securities, analyzing stocks, bonds, and mutual fund performances. I learned how to propose portfolios with the correct asset allocation for clients who either wanted a more goal focused portfolio or if they wanted to leave another firm to hold assets with us. Hardest part of the job is just keeping everything you have to do per day organized and prioritized. Keeping people calm during financial crisis or times of uncertainty is also a challenge. Most enjoyable part is getting close with the clients and being more than just a financial planner, but a friend as well.

day was to constantly monitor 16th-22nd floors of the facility fulfilling all that was needed to maintaining copiers ordering unloading and distribution pallets of items of paper stationary supplies along with many other diverse items, Setup of conference rooms and charity events to name just some of the responsibilities.  the work environment was great the people outstanding along with management I enjoyed the rounds I walked for security of the facility.  The hardest part was unloading the pallets of paper from the loading dock in the basement to the 20th floor storage room

I have learned a tremendous amount while working in two different Operations departments with Janney. Not only have I been taught about the financial industry, taken the Series 7 and the 66, but I have developed and improved many skills that will be transferable no matter what career I pursue in my lifetime. The most enjoyable part of my job has been working on brainstorming, testing and developing a new firm-wide program used for asset movement. I also enjoy being on the phone with the brokers and their assistants, and building relationships with the people I work with,

What is the best part of working at the company?
Fellow employees and working with clients.

What is the most stressful part about working at the company?
Helping clients deal with volatile markets.

What is the work environment and culture like at the company?
Very professional and we help each other.

What is a typical day like for you at the company?
Most everybody gets in early and plan their day out and which could be to call clients to review accounts or a follow up on things from the previous day or upcoming matters that are coming up.

Top Job Titles	Average Salary
Analyst 3 salaries reported	$72,500 per year
Associate 4 salaries reported	$70,500 per year
Financial advisor 1 salary reported	$50,000 per year
Client associate 2 salaries reported	$57,800 per year
Operations associate 3 salaries reported	$25.83 per hour

Working at Janney Montgomery Scott LLC: Company Overview and Reviews

Janney Montgomery Scott LLC

Janney Montgomery Scott LLC Ratings

Popular jobs at Janney Montgomery Scott LLC

Salary Satisfaction

Job Seeker Tools

Employer Tools

Browse

Stay Connected