Janney Expands Texas Presence with Houston Advisor Team

October 16, 2026 - 22:25

Janney Montgomery Scott has strengthened its footprint in Texas by bringing on a Houston-based advisory team that previously operated at Raymond James. The group manages roughly 3.5 billion dollars in client assets, a significant addition that underscores the firm's push into one of the fastest-growing wealth markets in the country.

The team's arrival marks another step in Janney's broader strategy to expand beyond its traditional East Coast base. Houston has become a magnet for financial services firms seeking to capture growth from the region's energy, healthcare, and technology sectors. Recruiting a team of this size signals that Janney intends to compete seriously for high-net-worth clients in the area.

Advisor transitions of this scale often take months to complete, as clients weigh whether to follow their trusted advisors to a new firm. Retention rates tend to be high when the same team stays intact, which appears to be the case here.

For Raymond James, the departure represents a notable loss in a competitive market. For Janney, it adds both assets and experienced professionals who already know the local landscape.

The move reflects a wider trend of regional firms courting top talent with promises of independence, support, and competitive compensation.