Former $200M UBS team joins Snowden Lane Partners
The hybrid firm has added $4B in client assets in the past two years.
October 5, 2023 | By Steve Randall
Hybrid RIA and broker-dealer firm Snowden Lane Partners has added a former duo from UBS to its New York office.
he $200 million team includes Benny Torres Sanchez, who will serve as senior partner and managing director, and Claudia P. Carmona, who will serve as vice president and senior registered client relationship manager.
“We’re as excited as ever about Snowden Lane’s growth and the quality of the advisors we’ve added in recent months, with the Torres Group being no exception,” said Lyle LaMothe, chairman of Snowden Lane Partners. “Both Benny and Claudia fit the exact vision we have of the professionals we’d like to add to our firm. Their values and approach to client service make them a natural fit, and we couldn’t be happier to welcome them to our partnership.”
Torres spent 10 years with UBS, including several years as a portfolio manager and vice president, before ascending to senior vice president in 2019. He was previously with Lehman Brothers and its successor Barclays Wealth.
“I’ve been lucky enough to spend two decades working in this industry, building priceless relationships along the way, and I’m thrilled to continue that momentum with Snowden Lane,” he said. “Between their reputation for enabling independent advisors to provide personalized strategies and the firm’s continuing growth, we knew it is a perfect fit for our team.”
Carmona has also worked for Lehman, Barclays and UBS, for much of the time alongside Torres.
Snowden Lane Partners has experienced strong growth since it was founded in 2011 and now looks after around $10 billion in client assets, adding around $4 billion in the last couple of years.
“We continue to pride ourselves on our advisors’ ability to provide boutique, personalized financial services to each of their clients,” said Rob Mooney, CEO of Snowden Lane. “Benny and Claudia fit that same mold, and given their track record working together, I’m confident they will have great success here. We’re thrilled to have them join our team.”