Janney's Financial Services Division Up for Sale

Janney Montgomery Scott, owned by KKR, is reportedly selling its financial services division to Brean Capital. The deal includes Janneys unit advising depository institutions and its institutional equities business. This aligns with Janneys strategy to focus on wealth management. The transfer would involve experienced investment bankers and staff from equity research and sales operations. Janney has been active in banking sector advisory services this year. However, negotiations are ongoing and the deal could still fall through.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.