Press Release – Snowden Lane Partners Forms “Veritas Private Wealth Group” In New York City
Joseph Hubbell Joins as Partner, Managing Director, Merges with Clinton-Pedrena Group
NEW YORK, May 16, 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 Joseph Hubbell has joined the firm from Merrill Lynch and has been appointed Partner and Managing Director in its New York City headquarters.
Mr. Hubbell is merging his $100 million practice with Snowden Lane’s Clinton-Pedrena Group, composed of Partners and Managing Directors, Jesse Clinton and Phil Pedrena, to form the Veritas Private Wealth Group, an advisor team of four professionals that will serve more than $370 million in client assets.
Mr. Hubbell has over 30 years of industry experience. Prior to joining Snowden Lane, he was a financial advisor and a branch manager and also held positions at Smith Barney, UBS and JPMorgan. He is a member of the Financial Industry Regulatory Authority (FINRA) Board of Arbitrators, the Commodities Futures Trading Commission (CFTC) and the Investment Committee of Catholic Charities. In addition, he is a committee chair at the New York Athletic Club and is a member of the Harbor Control Commission in his hometown of Lloyd Harbor, NY. He is a graduate of Fordham University.
Said Mr. Hubbell: “Snowden Lane’s commitment to its clients and its thriving network of top-notch financial advisory talent are what drew me to the firm and it’s my privilege to now be a part of the future successes of the new Veritas Private Wealth Group. I look forward to doing great things together for the benefit of our clients.”
Said Mr. Clinton: “Joe is an essential addition to our growing team. He brings with him an understanding of the industry that comes with decades of experience, and that will make him an indispensable asset.”
Greg Franks, a Managing Partner and President of Snowden Lane, said: “This isn’t just a big win for Snowden Lane, it’s also a testament to the promise of our independent advisory model. Talent is a precious commodity in this business and this firm continues to attract it for all the right reasons.”
The Veritas Private Wealth Group provides highly-customized, financial planning strategies for executives, individuals and their families designed to manage risk and maximize potential returns while considering tax efficiency and client goals. The team also services select institutions providing consulting, investment policy statement formation, execution services and securities lending as well as sophisticated hedging strategies for domestic and international clients.
The New York office is at 540 Madison Avenue, 9th Floor.
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.snowdenlane2.wpengine.com.