MS · News · 20260804N

Customer Dynamics

MORGAN STANLEY · 2026-08-04 · Importance 40 · Surprise 42

The Sexton Group, a Morgan Stanley wealth-management team led by Mary M. Sexton and Erik M. Knobl, moved to RBC Wealth Management in Tysons, Virginia. The team managed approximately $1 billion in client assets, making the departure material to Morgan Stanley’s wealth-management distribution platform. RBC has been recruiting other large advisory teams from UBS and Stifel, indicating continued competition for high-value advisor relationships.

Key facts

• Jon Stead, Morgan Stanley's head of European high yield trading, has reportedly left the firm and is believed to be joining a hedge fund, possibly Point72. source