A handful of advisors have left two US wirehouses to launch an independent firm in the Lone Star State.

Three advisors from UBS and Morgan Stanley have joined forces to establish Houston, TX-based Icon Wealth Partners.

Founding partners Mark McAdams and Steve Schwarzbach (from Morgan Stanley) and Blake Pratz (from UBS) managed around $750 million at their former firms. 

Also from UBS, Ricardo Mihaly has joined as senior director of planning and investments, along with senior client relationship managers Cindy Pickett and Jennifer Moore. Senior client relationship manager Annette Latigue has moved over from Morgan Stanley.

Icon Wealth Partners, launched through Dynasty Financial Partners, serves high net worth individuals, business owners and professionals, with a focus on law partners and their firms.