Janney retains a relationship with Elan Financial Services (“Elan”) to make Janney co-branded credit cards (“Janney Credit Card(s)”) available to clients, subject to credit approval.  Elan is the creditor and issuer of the Janney Credit Cards pursuant to a license from Visa ® U.S.A. Janney and Elan are not affiliated entities.  Janney clients can select from the following five credit cards: the Everyday Rewards+ Card; the Max Cash Preferred Card; the VISA® Reserve Rewards+ Card; VISA® Travel Rewards+ Card; and the Platinum Card.  Reward Programs are included with the Janney Credit Cards (excluding the Platinum Card) as a benefit to clients.  Janney does not receive any compensation from Elan specific to the Rewards Program.  Features, special offers and reward choices vary by card, where applicable.

Janney will receive compensation following the establishment of a new Elan account for a Janney Credit Card, regardless of whether the card was used during that period.  Janney will also earn additional income derived from a percentage of interchange revenue (the fee that a merchant is required to pay with every credit card transaction) earned on Net Purchase Transactions paid to Elan in connection with the Janney Credit Card accounts.  For reference, “Net Purchase Transactions” means the dollar amount of purchases charged by cardmembers to an Elan account during any statement period minus the dollar amount of all chargebacks, refunds, purchase returns, and credits (other than payment credits) to the Elan accounts for such cardmembers made during the statement period.  Net Purchase Transactions do not include Elan account advances. Janney Financial Advisors are not compensated when clients open a Janney Credit Card.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

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