Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that the LDR International Group has joined the firm from Merrill Lynch. Joining Snowden Lane as Partner & Managing Director is Rick Leyva; Managing Directors and Private Wealth Advisors, Clelia Dipp and Imar Rodriguez; Private Wealth Advisor, Christina Eddy; and Client Associate, Frances Estrada.
The team oversees approximately $200 million in total client assets and works from Snowden Lane’s newly-opened San Diego office.
“Our decision to join Snowden Lane was arrived at only after spending a great deal of time with their leadership team, understanding if this was the right fit for our clients and us,” said Rick Leyva. “What we discovered is that Snowden Lane has built a customized platform for non-resident clients and we are completely aligned both from philosophical and practical viewpoints on our vision for the financial advisory business. We’re delighted to join the Snowden Lane team and look forward to helping grow the partnership.”
The Leyva Group’s specialized area of focus is serving non-resident clients, with a particular emphasis on Latin America, and financial and trust and estate planning for high net-worth individuals and families.
“Rick and his colleagues are a great addition to the Snowden Lane franchise and a terrific complement to the services we provide U.S. resident clients from our other offices,” said Greg Franks, Managing Partner and President of Snowden Lane. “Rick is a seasoned business executive and veteran financial advisor who’s highly respected by his industry peers. We look forward to the many contributions he and the team will make to Snowden Lane.”
“Wealth created by individuals and families outside the U.S. continues to grow at a rapid pace,” noted Rob Mooney, Snowden Lane’s Managing Partner and CEO. “Rick and his team give us a strategic opportunity to serve high-quality non-resident clients, and to leverage the considerable international experience of our leadership team. With global banks withdrawing from cross-border business, Snowden Lane is well positioned to step into the breach.”
The San Diego office, Snowden Lane’s seventh nationwide, is located downtown at Symphony Tower, 750 B Street, Suite 3260. It is anticipated other advisor teams will join in that location as well.
“This year has been an important one in the firm’s rapid growth and evolution,” said Lyle LaMothe, Snowden Lane’s Chairman. “We’ve doubled the size of the business over the past 12 months and opened new offices, including our move into new headquarters in New York. All expectations are that we will again double our size in 2016. Moving into international business is another great differentiator for Snowden Lane.”
About Snowden Lane Partners
Snowden Lane is a nationally branded, open-architecture, hybrid registered investment adviser and broker-dealer that provides wealth advisory services to high net worth individuals, families, and institutional clients.
Snowden Lane is led by an experienced team of industry executives, including Lyle LaMothe, Chairman of the Board of Directors, Rob Mooney, Managing Partner and CEO, and Greg Franks, Managing Partner and President, who are dedicated to building a client-focused, nationally branded, boutique wealth advisory partnership.
Snowden Lane is headquartered in New York City and operates an SEC registered investment adviser and affiliated broker-dealer. Snowden Lane provides a multi-custodian, multi-currency platform, with aggregated performance reporting and leading analytical tools for clients and advisors. It further provides full operational, finance, compliance, human resources and financial advisor transition support to its financial advisors.
References to both “Snowden Lane" and "Snowden Lane Partners” are references to Snowden Capital Advisors LLC, an investment adviser registered with the U.S. Securities and Exchange Commission, and its affiliated entities.
For more information about Snowden Lane, please visit www.snowdenlane.com.