MS · News · 20260904N
Wealth Management Talent Losses
MORGAN STANLEY · 2026-09-04 · Importance 34 · Surprise 42 · In source text
Morgan Stanley lost the Aliaskari Group, a McLean, Virginia private wealth team managing $1.2 billion in assets and generating $5.8 million in revenue, to Merrill Lynch. Rockefeller Global Family Office also recruited the $300 million Virgin-Herzburg Wealth Partners team from Morgan Stanley in Boca Raton, Florida. Separately, Morgan Stanley discharged the Hudgens father-son team, which managed $631 million in assets, over alleged improper payments and trust-document conduct. The departures demonstrate continued competitive pressure on Morgan Stanley’s advisor and client-asset base from Merrill, Rockefeller, and independent advisory platforms.
Key facts
- Virgin-Herzburg Wealth Partners, managing $300 million, moved from Morgan Stanley to Rockefeller Global Family Office. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | — | Virgin-Herzburg Wealth Partners, managing $300 million, moved from Morgan Stanley to Rockefeller Global Family Office. |