Janney Montgomery Scott Opens New Houston Office
The firm expands its Texas footprint by recruiting a team managing nearly $3.5 billion in client assets.
Updated on Oct. 16, 2026 in Financial Planning
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Janney Montgomery Scott has officially opened a new office in Houston, marking the latest phase of the firm's expansion into the Texas market. A group of four financial advisors, previously with Raymond James, joined the firm to staff the location.
Why it matters
The move is part of the firm's broader strategy to establish a stronger presence in Texas, which it identifies as an important growth market. The incoming advisors chose the firm to secure greater flexibility and personalized support for their existing wealth management practices.
The new team brings nearly $3.5 billion in managed client assets to the firm, which oversees a total of $200 billion in assets. This expansion follows Janney Montgomery Scott's 2025 entry into Texas, where it operates approximately 900 financial advisors.
The players
Janney Montgomery Scott
This Philadelphia-based financial services firm provides wealth management, investment banking, and capital markets services to individual and institutional clients.
Edwards Fitzpatrick Group
This team of four financial advisors previously operated under Raymond James and now manages client assets at the new Houston location.
The details
The new Houston office integrates the Edwards Fitzpatrick Group, a team that transitioned from Raymond James to join the firm. Janney Montgomery Scott continues to prioritize the region as it seeks to grow its footprint following its initial Texas debut in Dallas last year.
Timeline
Janney entered the Texas market and opened its Dallas office in 2025.
The new Houston office officially opened on October 16, 2026.
Market Landscape
The opening of the Houston office follows the pattern set by the firm's 2025 Texas market entry. This strategic move deepens the company's regional presence as it competes with national wealth management firms for high-net-worth client assets.
Clients currently managed by the Edwards Fitzpatrick Group will experience a transition of their wealth management practices to the new firm. Local investors in the Houston area gain a new resource for personal financial planning services through this expansion.
The takeaway
Large wealth management firms are increasingly targeting Texas as a primary region for national growth and advisor recruitment. Investors moving their portfolios to new firms should prioritize evaluating the transition support and personalized services offered by the incoming team.
Further reading
For more information on the wealth management industry, visit Financial Planning.
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