KKR To Buy Janney Montgomery Scott From Penn Mutual

KKR, the giant private equity firm, announced today that it will acquire Janney Montgomery Scott fromThe Penn Mutual Life Insurance Company

Philadelphia-based Janney, which began in 1832, is a major wealth management, investment banking and asset management firm. It oversees over $150 billion in assets under administration, with more than 900 financial advisors providing financial planning, asset allocation, retirement planning and other financial advice and services to clients across 135 offices in the U.S.

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https://www.fa-mag.com/news/kkr-to-buy-janney-montgomery-scott-from-pennmutual-78912.html?section=126