MS · News · 20260807N

Customer Dynamics

MORGAN STANLEY · 2026-08-07 · 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

• DICK'S Sporting Goods reported Q1 revenue of $5.16 billion, up 62.7% year-over-year. source
• Adam Kweskin, formerly a managing director at Bank of America's industrials investment banking business, has been hired by Morgan Stanley to join its Global Industrials Investment Banking Group to focus on diversified industries and the water ecosystem, and will be based in New York. source
• Amundi increased its stake in Prosperity Bancshares by 915.6% in the first quarter to hold 36,957 shares valued at $2.48 million. source
• Empowered Funds LLC reduced its stake in DICK'S Sporting Goods by 48.1% in the first quarter, selling 8,539 shares and retaining 9,227 shares valued at $1.83 million. source
• Morgan Stanley and Morgan Stanley Smith Barney LLC reported beneficial ownership of 605,472 shares of BioVie Inc. Class A common stock, representing an 8.0% stake as of June 30, 2026. source
• Michael O’Dwyer, Morgan Stanley’s global co-head of energy investment banking, was appointed chief investment officer at Abu Dhabi National Oil Co. (Adnoc). source
• Institutional investors collectively own 89.83% of DICK'S Sporting Goods. source