After a rough week, U.S. equity markets opened to an even rougher morning, as the Dow Jones Industrial index plummeted more than 1,000 points in early trading Monday. By end of day, it was down nearly 600 points, a 3.6% decline. Financial advisors, however, largely kept a cool head, reminding clients how their financial plans… View Article
Alex Bryer, 41, left Merrill Lynch last week after 19 years, to join independent RIA Snowden Lane Partners, along with his business partner Keith Mayo, 60. The Bethesda, Md.-based teammates managed about $240 million at Merrill. Q: Why did you leave Merrill? A: We’d each been at Merrill Lynch for nearly 20 years, and over… View Article
Click to play A covered call strategy is an ideal way to produce additional income in a yield challenged environment, said Jesse Clinton, Managing Director at Snowden Lane. Clinton added that this strategy generally does well during a flat to slightly down market, which is what many Wall Street firms including Goldman Sachs are calling… View Article
This news follows the boutique firm’s recruiting of a UBS team in late September Snowden Lane Partners, an independent broker-dealer and hybrid RIA, said Wednesday that a team has joined it from Bank of America-Merrill Lynch (BAC) in New York. Jesse B. Clinton, CFP, and Phillip Pedrena formed the Clinton Pedrena Group, which will operate… View Article