Snowden Lane Nabs Another FA from Merrill Lynch
Snowden Lane says it poached another financial advisor from Merrill Lynch.
Daniel Rodriguez joins Snowden Lane’s Coral Gables, Fla., office as a partner and managing director, according to a press release from the firm. He previously managed $84 million at Merrill Lynch, Snowden Lane says.
Rodriguez is joined by Tatiana Martinez-Ventura, senior registered client relationship manager, planning and investment analyst, according to the press release. The pair serve domestic and international high-net-worth individuals, families and corporations, Snowden Lane says.
“As advisors, as counselors, as relationship managers it’s our responsibility to help investors who now, more than ever, need guidance on how a global event will impact their personal financial goals,” Rodriguez says in the press release. “I’m excited to be part of a truly independent firm that prioritizes clients and advisors, while providing the tools necessary to operate at the highest level and to expand the business.”
Rodriguez joined the financial services industry in 1987 and joined Merrill Lynch in 2013, according to his BrokerCheck profile.
Founded in 2011, New York-based Snowden Lane now has 11 offices across the country, according to the press release. It’s grown in part thanks to aggressive poaching from larger rivals. The company lured a team of advisors from JPMorgan in November and several advisors from Merrill Lynch and an executive from Wells Fargo in June.
Last month, Finra arbitrators dismissed a claim against Merrill Lynch brought by Lyle LaMothe, Snowden Lane’s current chairman who was managing director and head of U.S. Wealth Management at Merrill Lynch from 2008 to May 2011, according to LinkedIn.
LaMothe had claimed violation of the Racketeer Influenced and Corrupt Organization Act related to Merrill Lynch’s sales of residential mortgage backed securities and collateralized debt obligations, which were at the center of the subprime mortgage and financial crises of 2008 and 2009.