A 457 plan is a type of deferred compensation plan for workers in the government and nonprofit sectors. It allows employees to set aside a portion of their earnings, push back taxes on that income, and grow their money in the process. “It’s part of the retirement plan family,” says Frank Murillo, partner and managing… View Article
By Steve Garmhausen Each year, more and more independent firms present themselves as ideal landing spots for brokers who want to leave the big Wall Street institutions. Snowden Lane Partners, based in New York, says its leadership team of former Merrill Lynch heavy hitters and its W-2 affiliation model help it stand out among the suitors…. View Article
By Andrew Welsch Another big advisor has bid farewell to Wells Fargo . Ignacio Barcena, who oversaw $7 billion in client assets, and his assistant, Liliana Borrero, left the firm to join Insigneo, a Miami-based independent broker-dealer that has picked up a bevy of ex-Wells Fargo advisors this year. The move represents another significant win for Insigneo and… View Article
By Andrew Welsch Wells Fargo has a lot fewer advisors than it did a year ago: 1,241 fewer to be precise. The firm has struggled with advisor attrition in recent years, losing talent both to retirement as well as to the competition. The company counted 12,552 advisors at the end of the third quarter, down from 13,793… View Article
By Sam Del Rowe Snowden Lane Partners is increasing its presence in South Florida with plans to tap new advisor talent and expand its international business. In September the firm announced a nearly 10,000-square-foot expansion of its Coral Gables, Florida office space. The firm first opened the office in 2019, it says. Florida is appealing to the… View Article
Greg Franks shares the story of his own leap to independence in 2011 from a ranking position at Merrill to the role of managing partner, president and COO of Snowden Lane Partners. By Mindy Diamond Ten years ago, the thought of going independent was anathema to most advisors—and almost completely unheard of for a senior… View Article
By Sam Del Rowe September 9, 2021 Snowden Lane Partners says it has added another advisor from Wells Fargo, bringing the total number of advisors it has onboarded from the wirehouse to 13. Paula Oddone has joined the registered investment advisor firm as a partner and managing director, according to Snowden Lane. Oddone has $137 million in client assets… View Article
A financial advisor seeking a new broker-dealer after her prior firm dropped its international business joined a company whose specialty is serving practices that have foreign clients. Paula Oddone left Wells Fargo Advisors after 18 years to join the Snowden Lane Partners branch in Coral Gables, Florida, her new firm said on Sept. 7. As… View Article
Former Wells Fargo Advisor, Paula Oddone, Joins as Partner and Managing Director CORAL GABLES, Fla – September 7, 2021 – Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that Paula Oddone has joined the firm as Partner and Managing Director. Based in Snowden… View Article
Led by Former Wells Fargo Vet, Tony Esses, The Esses Group Is the Seventh New Team to Join Snowden Lane This Year The Move Will Bring Snowden Lane’s Total Client Assets to More than $8 Billion CORAL GABLES, Fla–Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a… View Article