Breakaway UBS, Morgan Stanley teams form $750M RIA

Houston-based Icon Wealth Partners affiliates with Dynasty Financial Partners

Feb 23, 2017 @ 1:00 pm

By InvestmentNews

+ Zoom

Advisory teams from Houston offices of UBS and Morgan Stanley that collectively managed $750 million have formed Icon Wealth Partners and affiliated with Dynasty Financial Partners.

The new firm is headed by Mark McAdams and Steve Schwarzbach, who came from Morgan Stanley, and Blake Pratz, who was with UBS. Their teams also joined them at the new firm, which is a registered investment adviser, according to a release from Dynasty.

In addition to affiliating with New York-based Dynasty, which provides technology and operational support for RIAs, Icon Wealth Partners has formed strategic partnerships with Fidelity Institutional Wealth Services, Black Diamond and Callan, the release said.

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