Janney Montgomery Scott, a firm owned by KKR & Co. , is making some big changes. They're in talks to sell off parts of their business. Specifically, they're looking to sell their division that advises banks and their institutional equities business. This sale is part of a larger plan to focus more on wealth management.

The potential buyer is Brean Capital. This deal isn't final yet, but it's looking likely. The sale includes a team of investment bankers who help banks with mergers, acquisitions, and raising money. It also includes teams in equity research and trading.

Why is Janney doing this? They want to simplify their business. Focusing on wealth management makes sense for them. It's a growing area, and they can be more competitive there.

This isn't just about selling off parts of the business. It's about making a strategic move. By focusing on wealth management, Janney can better serve their clients and grow their business.


# **Janney Montgomery Scott in Talks to Sell Key Business Divisions**

**Janney Montgomery Scott**, a firm owned by **KKR & Co.**, is undergoing significant changes. The company is in discussions to sell off parts of its business, specifically:

- **Bank Advisory Division**: Advises banks on mergers, acquisitions, and raising capital.
- **Institutional Equities Business**: Includes teams in equity research and trading.

## **Potential Buyer: Brean Capital**
The deal, though not yet finalized, appears likely. The sale includes a team of investment bankers specializing in bank advisory services.

## **Strategic Shift to Wealth Management**
Janney's decision to sell these divisions is part of a broader strategy to focus on **wealth management**. This sector is growing, and Janney aims to enhance its competitiveness by streamlining its operations.

By concentrating on wealth management, Janney can better serve its clients and drive business growth.



A Big Shift in the Financial World: Janney Montgomery's Next Move

Potential Buyer: Brean Capital

Strategic Shift to Wealth Management

Actions