Press Release – Clinton Pedrena Group Joins Snowden Lane Partners' New York City Office
Team Manages $270 Million in Client Assets
NEW YORK, October 21, 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 financial advisors Jesse B. Clinton, CFP, CRPC, and Phillip Pedrena, have joined the firm from Merrill Lynch as Partners and Managing Directors. The Clinton Pedrena Group will operate from Snowden Lane’s New York City office.
“Snowden Lane Partners has a high-touch, full-service model and unique culture that distinguishes it from many other firms,” said Jesse Clinton. “It is simply a superior environment for our clients.” Added Phillip Pedrena, “The firm’s integrated RIA and broker-dealer platform provides a very broad range of choices for our clients.”
The Clinton Pedrena Group provides highly customized, goals-based planning for private clients, corporate executives and their families, and designs and implements strategic financial solutions. The Group has a particular focus on corporate executive compensation and targets complex planning areas, including hedging and asset protection, diversification, monetization and liquidity, tax minimization and portfolio optimization.
Snowden Lane’s Chairman, Lyle LaMothe, said, “Jesse, Phillip and their team represent a terrific vote of confidence in our partnership and brand by a highly-accomplished group of professionals.”
Added Greg Franks, Snowden Lane’s Managing Partner and President, “We are pleased to be expanding our New York City office with such a high-quality group and look forward to moving soon to new premises to accommodate our rapid growth.”
Rob Mooney, Snowden Lane’s Managing Partner and CEO said, “Jesse and Phillip demonstrate the appeal of our partnership to an increasing number of high performing financial advisors. We are thrilled to be adding such a high quality team to our head office.”
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.