July 2016

Press Release – Snowden Lane Partners Adds Veteran Advisor in New Haven, CT

Sam DeGennaro merges with Guth / Fordyce Group, now $1 Billion in client assets. Team moves to new, larger premises.

NEW YORK, July 18, 2016 – Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that 25-year industry veteran Sam DeGennaro, formerly First Vice President of Merrill Lynch, has joined the firm as a Partner and Managing Director in the firm’s New Haven, CT office.

Mr. DeGennaro is merging his $180 million practice with the now $1 billion Guth / Fordyce Group and will work alongside the team of nine professionals led by Partners and Managing Directors, Kevin Guth and Steve Fordyce. In addition, the Guth / Fordyce Group recently relocated to a new, larger office in New Haven to accommodate the team’s growth.

Snowden Lane is rapidly building a national brand. Its footprint now includes seven offices nationally, including both coasts, with offices in Pasadena and San Diego (an international office), as well as New York, New Haven, Pittsburgh, Baltimore and Bethesda, MD. In June, the Financial Times named Snowden Lane to its elite 300 Top Registered Investment Advisers (the FT 300) for the second straight year, recognizing it as one of the top independent RIA firms in the U.S.

Said Mr. DeGennaro: “Snowden Lane has quickly established itself in the wealth advisory marketplace as a trusted and reliable firm, combining the flexibility and independent thinking of a boutique with the infrastructure, leadership and capabilities of a much larger institution. That is a reality I quickly bought into and I’m privileged to join this team.”

Said Mr. Guth: “Sam has more than two decades of experience that will embolden our group and make us that much more formidable in the marketplace. It’s exciting to think about the value he will add to this team.”

Added Snowden Lane Chairman, Lyle LaMothe: “Sam represents everything that has made Snowden Lane successful, most importantly our core values. We have and always will be committed to cultivating a transparent and client-first business and we’re delighted to have Sam be an integral part of it.”

Mr. DeGennaro was formerly a practicing accountant and Certified Public Accountant (CPA) and prior to joining Snowden Lane spent thirteen years at Smith Barney and roughly a decade at Merrill Lynch.

“Turning Snowden Lane into a success story in the last five years has meant we’ve had to operate differently than our industry has in the past,” said Rob Mooney, Snowden Lane’s Managing Partner and CEO. “This combination is a testament to the environment we’ve created. We’re confident it will continue to attract the best talent, and enable us to offer superior investment solutions and services to our clients.”

The Guth / Fordyce Group focuses on goals-based investing and helping clients achieve their dreams, whether a gratifying retirement, education for their children, a lasting family legacy or meaningful philanthropic endowment. Sam DeGennaro brings to the group expertise in tax planning, business and retirement plan consulting as well as financial planning.

 

About Snowden Lane Partners

Snowden Lane is a nationally branded, open-architecture, hybrid registered investment advisor 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.

For more information about Snowden Lane, please visit www.snowdenlane.com.