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Morgan Stanley Team Joins $6 Billion Wealth Manager in Texas

The group, which previously oversaw $715 million, will expand Americana Partners’ focus on catering to oil and gas families.

Pumpjacks in a residential neighborhood in Midland, Texas. 

Pumpjacks in a residential neighborhood in Midland, Texas. 

Photographer: Jordan Vonderhaar/Bloomberg
Updated on

A Morgan Stanley Wealth Management team that oversaw $715 million has left to join Americana Partners, an investment adviser in Texas with more than $6 billion in assets.

Houston-based Americana is adding the group of eight in Midland, Texas, to expand its focus on oil and gas family wealth, the firm said Monday. The new Permian Basin office will be led by Phillip Knight, 37, and Amy Lawler, 36, who will both be Americana partners, as well as private wealth advisers Charles Bailey and J. Tom Snelson, both 37.