Former $6 Billion Morgan Stanley Team Goes Indie
Wealth advisor Jason Fertitta and his team have launched an independent wealth management firm called Americana Partners LLC and have partnered with Dynasty Financial Partners.
Wealth advisor Jason Fertitta and his team have launched an independent wealth management firm called Americana Partners LLC and have partnered with Dynasty Financial Partners. Fertitta spent more than a decade as a managing director and private wealth advisor at Morgan Stanley where he managed client assets north of $6 billion. Prior to Morgan Stanley, Fertitta worked in the high net worth division of Lehman Brothers.
Based in Houston, Fertitta is the president of Americana Partners and will lead its team of 11 professionals including seven financial advisors.
The former Morgan Stanley team includes senior managing director Billy Busch, chief financial officer Robert Wellington, managing director Sheldon Busch, managing director Josh Caltrider, and private wealth advisors Johnathan Schnitzer and Ben Athens.
Americana Partners serves entrepreneurs, investors, multi-generational families, and family offices and claims to have specific expertise in alternative investments, manager selection and private placements.
“We see this continuing trend of independent firms standing apart as the most powerful force in the market, delivering far more customized, objective advice to clients than any other segment of the industry,” said Shirl Penney, president and CEO of Dynasty Financial Partners. “As the largest breakaway this year, we are extremely proud to partner with a high caliber advisor like Jason and his remarkable team, and we welcome them to our network of independent advisors.”
Americana plans to leverage Dynasty’s wealth management services, people, technology, and capital support. Dynasty’s platform for independent advisors also includes institutional research from Callan Associates and an asset management platform (TAMP) that it developed with Envestnet.
Americana Partners has selected Schwab to provide custody services for its clients’ assets and Addepar for consolidated asset and performance reporting.
Dynasty is a provider of wealth management and technology platforms to 46 independent financial advisory firms with more than 160 advisors managing in excess of $30 billion.
