Adviser team managing $6 billion at Morgan Stanley creates RIA

An adviser who manages $6 billion with a team of six other advisers and five support staffers at Morgan Stanley has created Americana Partners, a registered investment adviser based in Houston. Joining Jason Fertitta at his new venture from Morgan Stanley are former colleagues Billy Busch and Sheldon Busch, who are based in Austin; Josh Caltrider, who's based in Dallas; and Robert Wellington, Johnathan Schnitzer and Ben Athens, who are based in Houston. (More: InvestmentNews' Advisers on the Move database) Mr. Fertitta joined Morgan Stanley in 2008 from Lehman Brothers. The new firm has affiliated with Dynasty Financial Partners, which said in a release that Americana is the largest firm that has joined its network to date. Americana will use Schwab as its custodian and Addepar for consolidated asset and performance reporting.