Press Release – Harbor Wealth Management Group Joins Snowden Lane Partners from UBS; Snowden Lane Opens Baltimore Office
New Team Manages $400 Million in Client Assets
NEW YORK, September 30, 2014 – Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that veteran financial advisors Philip A. Lazzari, Mark D. Stevens, CRPC, Eric Watson, and Eric L. “Lanny” Buckner, comprising the Harbor Wealth Management Group, have joined the firm from UBS as Partners and Managing Directors. Snowden Lane simultaneously announced the opening of a Baltimore, Md., office, from which the Harbor Wealth Management Group will operate.
“Snowden Lane Partners is the right place for our clients and our team,” said Phil Lazzari. “The firm’s high-touch, independent boutique culture and full-service platform define the independent hybrid firm of the future.” Added Mark Stevens, “Our confidence in Snowden Lane’s experienced management team and its strong, differentiated values-driven culture made this the right decision for us.”
The Harbor Wealth Management Group, which serves private clients, small businesses, non-profits, and corporate executives, collectively has close to 100 years of experience gained at the industry’s top wealth management firms. In addition, it has strong capabilities in managing risk, advising on concentrated equity positions and providing retirement plan services, as well as in portfolio construction and personalized investment solutions.
“We are thrilled to have professionals of this stature join our partnership and open a new market,” said Greg Franks, Snowden Lane’s Managing Partner and President. “I have personally known and worked with these advisors for a number of years and they’re an absolutely top-tier team.”
Snowden Lane’s Chairman, Lyle LaMothe, added, “Establishing an office in Baltimore with such a high quality group further validates our partnership’s culture and capabilities, and is a meaningful step forward in growing Snowden Lane’s national footprint.”
Rob Mooney, Snowden Lane’s Managing Partner and CEO said, “This is an important milestone for our partnership as we near $1.5 billion in client assets under management. We expect many more top advisors to join our firm in the coming months.”
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 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.