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Principal Subsidiaries

Through our affiliates, Penn Mutual offers a full range of specialized products and services to help meet the varied needs of our clients. These companies add to the overall strength and value of Penn Mutual as a whole.

  • Hornor, Townsend & Kent, Inc. (HTK) is a wholly owned broker/dealer subsidiary of Penn Mutual, with access to a full range of registered investment products and services, including mutual funds, stocks, bonds, variable life insurance products and annuities. HTK supports its representatives with a highly trained staff who are dedicated to providing the resources needed to help them meet their clients’ financial goals.

  • Janney Montgomery Scott LLC (JMS) is one of the largest, full-service regional securities broker/dealers in the country, serving customers in the Eastern United States through a comprehensive network of branch offices. In addition to Penn Mutual products, it offers clients a complete range of investment vehicles, from individual securities to mutual funds, insurance, money management and other financial service products. It also provides investment banking services to corporations and institutional clients. Janney is a member of the New York Stock Exchange, where it holds the second-oldest seat, all other major U.S. exchanges, the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

  • Penn Mutual Asset Management, LLC (PMAM), a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company (Penn Mutual), is dedicated to creating value through a prudent, thoughtful, and rigorous investment decision-making process. Since 1989, PMAM has served as investment adviser and manager of managers for the Penn Series Funds, Inc., a proprietary fund complex, with approximately $8.2 billion in assets.  PMAM is also responsible for the management of the investment portfolios of Penn Mutual and its subsidiaries’ $12 billion general account. With $20 billion in assets under management, PMAM is dedicated to executing on its core asset management competencies, which include total return-based investing, advisory services and expertise in alternative asset investing.

  • The Penn Insurance and Annuity Company (PIA)

    Founded in 1980, The Penn Insurance and Annuity Company (PIA) is a wholly owned life insurance subsidiary of Penn Mutual. Domiciled in Delaware, PIA maintains its operations in Horsham, Pennsylvania, and is licensed to do business in 48 states and the District of Columbia. It markets its business through Penn Mutual’s distribution systems and has its in-force business serviced by the parent company.

  • LEAP SYSTEMS, Inc. is a leading provider of innovative financial systems for financial professionals throughout the United States and Canada. Since its founding in 1980, Leap Systems has been recognized by many of the world’s top financial institutions as a leader and trusted resource for achieving superior results and delivering an end-to-end financial solution.

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