Snowden Lane Partners, an independent advisory firm that was founded in 2011 by former Merrill Lynch executives, continues to grow as it opens its 15th nationwide office in Florida. This new branch, located in Boca Raton, is staffed by Ron Zuckerman and John Paul McManus, who join Snowden Lane after their tenure at Laidlaw & Co., a brokerage firm based in New York.
Zuckerman, with 19 years of experience at Laidlaw, expressed his excitement about joining Snowden Lane, citing the firm's impressive platform and strong management. "It's truly thrilling to be part of Snowden Lane for many reasons, but one of the primary factors is knowing that we are aligning ourselves with a top-quality firm whose values resonate with our own," Zuckerman stated.
With a steadily expanding team and a total of 147 employees, including 84 financial advisors, Snowden Lane currently manages around $10.8 billion in assets. The firm has experienced substantial growth through strategic recruitment efforts, attracting advisors from renowned institutions such as Morgan Stanley and Merrill Lynch.
Notably, Snowden Lane has established three new offices in 2023 alone and successfully recruited twelve advisors. In addition to the newly opened Boca Raton branch, these offices are located in Lebanon, N.H., and Golden, Colo. The decision to expand into Florida reflects the state's flourishing wealth management industry and the increasing demand for satellite offices.
CEO Rob Mooney has previously mentioned the potential for doubling the firm's current footprint. In line with this objective, Snowden Lane secured a new $100 million credit line in early 2023 with Apogem Capital and Monroe Capital. It is worth noting that private-equity firm Estancia Capital Partners holds a majority investment in Snowden Lane.
As a testament to its success, Snowden Lane has recently been recognized as one of 's Top RIA Firms for 2023.
