Janney Montgomery Scott Opens New Houston Office
The firm adds a team managing $3.5 billion in assets to support clients in the Houston area.
Updated on Oct. 16, 2026 in Financial Planning
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Financial services firm Janney Montgomery Scott has opened a new office in Houston, adding four financial advisors to its growing Texas operations. The team, previously affiliated with Raymond James, manages nearly $3.5 billion in client assets.
Why it matters
The firm is targeting Texas for strategic growth, aiming to provide additional resources and flexibility for advisors managing high-net-worth portfolios. This move marks the company's second expansion into the state following its entry into Dallas last year.
The new Houston-based team manages nearly $3.5 billion in client assets, a significant addition to Janney Montgomery Scott's total $200 billion in assets under advisement. The firm now employs 900 financial advisors across its national footprint.
The players
Janney Montgomery Scott
A financial services firm with 900 advisors and $200 billion in client assets.
Edwards Fitzpatrick Group
A financial advisory team managing $3.5 billion in assets that joined Janney from Raymond James.
Raymond James
A financial services firm providing investment and wealth management services to individual and institutional clients.
The details
The new Houston office integrates the existing Edwards Fitzpatrick Group, which moved to the firm from Raymond James to seek increased flexibility and personalized support. By recruiting established teams, Janney aims to scale its wealth management capabilities in the region while maintaining the advisors' current service models. The firm plans to continue its expansion efforts across other Texas markets following its initial foray into Dallas in 2025.
Timeline
2025: Janney entered the Texas market and opened a Dallas office.
October 16, 2026: Janney officially opened the new Houston office.
Money Landscape
This move continues the firm's broader push into high-growth regional markets outside its traditional footprint. It follows the pattern established by the firm's 2025 Texas market entry strategy.
For investors, the arrival of new advisory teams may offer more options for local wealth management and practice support. Households should evaluate any firm's fee structures and service offerings through a conversation with a qualified financial professional.
The takeaway
The expansion signals a growing local presence for national wealth management firms, which may change the competitive landscape for financial advice in Texas. Keep this trend in mind when reviewing your own advisory services or searching for new planning support.
Further reading
For more on managing your portfolio, visit our guide on Financial Planning.
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