MS · News · 20260806N
Customer Dynamics
MORGAN STANLEY · 2026-08-06 · Importance 40 · Surprise 42 · In source text
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
- The Sexton Group, which managed $1 billion in assets, moved from Morgan Stanley to RBC Wealth Management in Tysons, Virginia on Tuesday, August 4, 2026. source
- Don A. Harrell's WestKai Private Wealth, which oversees approximately $400 million in assets, left Morgan Stanley to join LPL Financial's Strategic Wealth model. source
- A Form 144 filing shows a holder plans to sell 15,000 common shares of Seanergy Maritime Holdings Corp. via Morgan Stanley Smith Barney LLC, valued at $257,890.50. source
- Morgan Stanley and Morgan Stanley Smith Barney LLC jointly reported beneficial ownership of 354,591 shares, representing 14.8%, of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s 4.75% Series B Cumulative Preferred Shares. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | — | The Sexton Group, which managed $1 billion in assets, moved from Morgan Stanley to RBC Wealth Management in Tysons, Virginia on Tuesday,… |
| revenue | negative | realized | — | Don A. Harrell's WestKai Private Wealth, which oversees approximately $400 million in assets, left Morgan Stanley to join LPL Financial's… |
| revenue | positive | probable | — | A Form 144 filing shows a holder plans to sell 15,000 common shares of Seanergy Maritime Holdings Corp. via Morgan Stanley Smith Barney… |