DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Janney Capital Management LLC

Former SEC-registered adviserPittsburgh, PennsylvaniaCRD 159506SEC 801-74501IAPD
Latest filing Nov 18, 2025
First filing on the tape Mar 2, 2012 · 56 filings
SEC status approved since May 9, 2012
RAUM
$5.3B
reported, Item 5.F
Discretionary
65%
of RAUM
Private clients
92%
$4.9B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
56 filings and snapshots on the tape
RAUM$5.3B as of Nov 18, 2025
Apr 1, 2013$2.7B then
HNW client RAUM$2.8B as of Nov 18, 2025
Mar 29, 2018$1.5B then
State-registered IARs (5.B.3)4 as of Nov 18, 2025
Apr 1, 20130 then
Employees (5.A)12 as of Nov 18, 2025
Apr 1, 201312 then
Private funds: no history
RAUM +0.7% over the last fiscal year+7.9% a year over threeIARs 4 to 4offices 0 to 1
Practice profile
derived from the filing of Nov 18, 2025; every figure names its basis
RAUM per advisor
$1.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
3,489derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$760,325derivedHNW RAUM over HNW clients
Average account
$371,207derivedRAUM over accounts (5.F.2.f)
Discretionary
65%derivedof RAUM
Institutional
4.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+0.7%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.8B52%
  • Individuals$2.1B39%
  • Corporations and businesses$180M3.4%
  • Charitable organizations$136M2.6%
  • Pension and profit-sharing plans$74.4M1.4%
  • State and municipal entities$45.2M0.9%
Individual clients
10,298reported
HNW clients
3,658reported
Pension plan clients
45reported
Charitable clients
135reported
Accounts
14,293reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $5.3B managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Ellen Jessica Lempa · Chief Compliance Officercontrol
        since 04/2018 · owns less than 5%
      • Daniel Mark Luschini · President & Managercontrol
        since 05/2012 · owns less than 5%
      • Campbell John Yackel · Chairman & Managercontrol
        since 01/2023 · owns less than 5%
      • Murray James Egan · Senior Vice President
        since 10/2011 · owns less than 5%
      • J Michael Hricko · Treasurer
        since 12/2019 · owns less than 5%
      • Jude Kevin Reed · Manager
        since 01/2023 · owns less than 5%
      Entity owners
      • Janney Montgomery Scott LLC · Sole Member
        direct · owns 75% or more
      • Independence Square Properties LLC · LLC Member
        indirect · owns 75% or more of Janney Montgomery Scott LLC
      • The Penn Mutual Life Insurance Company · Shareholder
        indirect · owns 75% or more of Independence Square Properties LLC
      Related persons
      Schedule D 7.A
      Advisers that list Janney Capital Management LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Financial planning clients · 0 to 0
        May 12, 2025 to Nov 18, 2025
      • Accounts · 14,870 to 14,293
        Jan 3, 2025 to Mar 31, 2025
      • Advisory employees · 9 to 8
        Jan 3, 2025 to Mar 31, 2025
      • Charity clients · 156 to 135
        Jan 3, 2025 to Mar 31, 2025
      • Corporate clients · 141 to 144
        Jan 3, 2025 to Mar 31, 2025
      • HNW clients · 3,602 to 3,658
        Jan 3, 2025 to Mar 31, 2025
      • Individual clients · 10,910 to 10,298
        Jan 3, 2025 to Mar 31, 2025
      • Pension plan clients · 46 to 45
        Jan 3, 2025 to Mar 31, 2025
      • Other offices · 0 to 1
        Jan 3, 2025 to Mar 31, 2025
      • Discretionary RAUM · $3.5B to $3.4B
        Jan 3, 2025 to Mar 31, 2025
      • HNW RAUM · $2.6B to $2.8B
        Jan 3, 2025 to Mar 31, 2025
      • Individual RAUM · $2.0B to $2.1B
        Jan 3, 2025 to Mar 31, 2025
      • Non-discretionary RAUM · $1.8B to $1.9B
        Jan 3, 2025 to Mar 31, 2025
      • Pension RAUM · $89.3M to $74.4M
        Jan 3, 2025 to Mar 31, 2025
      • RAUM · $5.3B to $5.3B
        Jan 3, 2025 to Mar 31, 2025
      • Wrap assets (manager) · $5.3B to $5.3B
        Jan 3, 2025 to Mar 31, 2025
      • Accounts · 13,797 to 14,870
        Aug 24, 2023 to Mar 28, 2024
      • Advisory employees · 10 to 9
        Aug 24, 2023 to Mar 28, 2024
      • BD registered reps · 7 to 6
        Aug 24, 2023 to Mar 28, 2024
      • Charity clients · 143 to 156
        Aug 24, 2023 to Mar 28, 2024
      • Corporate clients · 121 to 141
        Aug 24, 2023 to Mar 28, 2024
      • HNW clients · 2,978 to 3,602
        Aug 24, 2023 to Mar 28, 2024
      • Individual clients · 10,493 to 10,910
        Aug 24, 2023 to Mar 28, 2024
      • Employees · 13 to 12
        Aug 24, 2023 to Mar 28, 2024
      • Insurance-licensed employees · 5 to 4
        Aug 24, 2023 to Mar 28, 2024
      • State-registered IARs · 5 to 4
        Aug 24, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.9B to $3.5B
        Aug 24, 2023 to Mar 28, 2024
      • HNW RAUM · $2.1B to $2.6B
        Aug 24, 2023 to Mar 28, 2024
      • Individual RAUM · $1.8B to $2.0B
        Aug 24, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $1.4B to $1.8B
        Aug 24, 2023 to Mar 28, 2024
      • Pension RAUM · $69.9M to $89.3M
        Aug 24, 2023 to Mar 28, 2024
      • RAUM · $4.3B to $5.3B
        Aug 24, 2023 to Mar 28, 2024
      • Wrap assets (manager) · $4.3B to $5.3B
        Aug 24, 2023 to Mar 28, 2024
      • Accounts · 12,150 to 13,797
        Feb 3, 2023 to Mar 31, 2023
      • Charity clients · 132 to 143
        Feb 3, 2023 to Mar 31, 2023
      • Corporate clients · 109 to 121
        Feb 3, 2023 to Mar 31, 2023
      • HNW clients · 2,553 to 2,978
        Feb 3, 2023 to Mar 31, 2023
      • Individual clients · 9,298 to 10,493
        Feb 3, 2023 to Mar 31, 2023
      • Pension plan clients · 44 to 46
        Feb 3, 2023 to Mar 31, 2023
      • Insurance-licensed employees · 6 to 5
        Feb 3, 2023 to Mar 31, 2023
      Signals
      5 dated events
      • Janney Capital Management Llc no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $5.3B)
        Feb 2, 2026 · Left the SEC roster · derived
      • William Robert Jay (Chief Administrative Officer) no longer on Schedule A of Janney Capital Management Llc (listed 2023-08-24, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Francis Jerome Lombard (Manager) no longer on Schedule A of Janney Capital Management Llc (listed 2022-03-31, absent 2023-02-03)
        Feb 3, 2023 · Control person left · inference
      • Campbell John Yackel (Chairman & Manager) appeared on Schedule A of Janney Capital Management Llc
        Feb 3, 2023 · Control person joined · fact
      • Janney Capital Management Llc reported RAUM $4.2B, up 50% from $2.8B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026