Adviser team managing $6 billion at Morgan Stanley creates RIA

Adviser team managing $6 billion at Morgan Stanley creates RIA
Houston-based Americana Partners is using Dynasty, Schwab and Addepar.
APR 29, 2019
An adviser who manages $6 billion with a team of six other advisers and five support staffers at Morgan Stanley has created Americana Partners, a registered investment adviser based in Houston. Joining Jason Fertitta at his new venture from Morgan Stanley are former colleagues Billy Busch and Sheldon Busch, who are based in Austin; Josh Caltrider, who's based in Dallas; and Robert Wellington, Johnathan Schnitzer and Ben Athens, who are based in Houston. (More: InvestmentNews' Advisers on the Move database) Mr. Fertitta joined Morgan Stanley in 2008 from Lehman Brothers. The new firm has affiliated with Dynasty Financial Partners, which said in a release that Americana is the largest firm that has joined its network to date. Americana will use Schwab as its custodian and Addepar for consolidated asset and performance reporting.

Latest News

Prediction markets get a new twist: betting on what's already happened
Prediction markets get a new twist: betting on what's already happened

A new platform turns disputed facts into tradable markets, flipping the prediction market model on its head.

Merrill to pay $39 million in cash sweep settlement
Merrill to pay $39 million in cash sweep settlement

The financial advice industry has been facing inquiries into its cash sweep programs for years now.

SEC accuses fund advisor of defrauding SpaceX, OpenAI investors
SEC accuses fund advisor of defrauding SpaceX, OpenAI investors

Investor money allegedly went to strip clubs, exotic cars, and landscaping

RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey
RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey

Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm

Beyond sell or inherit: A third exit for appreciated property
Beyond sell or inherit: A third exit for appreciated property

With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains