Industry veteran assumes strategic direction and oversight of Janney's comprehensive advice and solutions platform

PHILADELPHIA – Janney Montgomery Scott LLC, a leading full-service wealth management, capital markets, and asset management firm, has named John Yackel Executive Vice President and Head of Wealth Management. He also joins the firm’s Executive Committee. 

As Head of Wealth Management, John is responsible for the strategic direction and oversight of Janney's comprehensive advice and solutions platform that supports the firm’s Financial Advisors in providing clients with a personalized, goals-based wealth management experience. He will oversee a team that provides financial planning and advisory services, cash management, mutual funds, insured solutions, lending, retail trading, and retirement plan services.

John succeeds Kevin Reed who has assumed leadership of Janney’s Private Client Group after eight years leading the Wealth Management group, a planned transition announced last year.

“We’re thrilled John is joining Janney. He brings experienced, innovative leadership in financial services and a deep understanding of advisory, lending, and planning solutions that will enhance our wealth management platform. He has a proven track record of delivering an integrated wealth management experience and solutions that help advisors grow and run their businesses, and most importantly, that meet the needs of their clients,” said Tim Scheve, President and Chief Executive Officer. 

“Janney has a boutique, client-driven, and advisor-centric culture with the resources of a large firm. Leading the firm’s wealth management strategy today is an opportunity to leverage the firm’s strength and stability to enhance the advisor and client experience in an environment that is quickly evolving. I’m looking forward to building upon Janney’s strong reputation and established platform to further integrate and expand our solutions for Financial Advisors and their clients,” added John. 

John has 30 years of experience in financial services, wealth management, and technology and has held leadership roles at various platform and solution providers, including SEI, Envestnet, Fortigent, and Prudential. 

His career has included successfully distributing asset management solutions to advisors and individuals and building comprehensive wealth management platforms supporting mutual funds, annuities, separately managed accounts, unified managed accounts, mutual fund wrap programs, and personal trust services. He has been an industry leader in business development, strategy, and advisor growth programs, and has been responsible for identifying strategic opportunities to build new verticals. 

Prior to joining Janney, John was a co-founder and CEO of Trucendent LLC, a first-of-its-kind solution and process-driven platform that simplifies estate planning and trust transfer for advisors, their clients, attorneys, and trust administrators.

While at Envestnet, he oversaw all institutional and RIA business development, strategic initiatives, growth programs, and partnerships. He played an integral role in launching and integrating advisory tools for lending, insurance, trust, and financial planning solutions across a diverse advisor base. As Head of Strategic Initiatives at Envestnet, he was responsible for overseeing the activities related to solutions across the creation and launch of the Envestnet Insurance Exchange, the Advisor Credit Exchange, and the Trust Services Exchange.

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