Morgan Stanley $6 Billion Wealth Team Departs to Woo Rich Texans

Photographer: Michael Nagle/Bloomberg
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A team of Morgan Stanley wealth advisers based in Texas has left to create Americana Partners.

Jason Fertitta is the president of the new firm, which has partnered with Dynasty Financial Partners, according to a statementBloomberg Terminal Monday. He worked at Morgan Stanley since 2008 and managed more than $6 billion of client assets, according to the statement.