The revenue share payments to Janney are from the fund’s investment advisor, principal underwriter or distributor and are in addition to the sales charges, 12b-1 fees and deferred sales charges in the funds’ prospectus fee table. During calendar year 2015, Janney received a total of $2,619,318 in revenue sharing payments from mutual fund underwriters, distributors and advisors. Our Financial Advisors do not share in or otherwise receive any portion of these payments or receive any direct economic benefit from these payments, and they are not required to recommend these funds.
For the year ending December 31, 2015, Janney received networking reimbursement from the following mutual fund companies:
As of December 31, 2015, we were trading on an omnibus basis with:
The revenue share payments to Janney are from the insurance company or its affiliate and are in addition to commissions received. During calendar year 2015, Janney received a total of $467,236 in revenue sharing payments from insurance companies. No revenue sharing payments are received with respect to group annuities held by retirement plans maintained on the annuity provider’s record keeping platform.
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