Most high-net-worth investors hire financial advisors to achieve their financial objectives and accountants to handle their tax matters, but too often the clients unintentionally put a wall between these two groups. Although advisors and certified public accountants often view each other as competitors, separating the two roles is counterproductive. In fact, there is a universal… View Article
Follow @SnowdenLane When John DiCiaccio first started his career as a financial advisor in the 1980s, he instinctively knew then what has become a mantra now: “I needed technology to scale up my business,” he says. DiCiaccio deepened his understanding over time by joining computer clubs, taking classes and staying late after work to get… View Article
Follow @SnowdenLane Independent advisory firm Snowden Lane Partners has recruited a San Diego-based international Merrill Lynch team with $200 million in client assets in a bid to expand to non-US resident clients and reach over $15 billion in total client assets. In its first move into offshore advice, Snowden has hired a team lead by Rick Leyva, who… View Article
Follow @SnowdenLane A Merrill Lynch team that oversaw approximately $200 million in client assets has left the wirehouse to join Snowden Lane Partners, the firm said. The team, which specializes in serving Latin American clients, opened a new office for Snowden in San Diego. Team leader Rick Leyva, who joined Snowden as a partner and… View Article
LDR International Group Oversees $200 Million in Client Assets Will Work From Snowden Lane’s Newly-Opened San Diego Office NEW YORK, December 4, 2015 – Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that the LDR International Group has joined the firm from Merrill… View Article
Follow @SnowdenLane By: Rob Mooney As the CEO of an independent wealth advisory firm, I spend lots of time analyzing the ever-changing investment advisory environment to see how we can help our advisors grow their businesses. A best practice we’ve “discovered” is to encourage true collaboration and idea-sharing among our various advisor teams, across different… View Article
Follow @SnowdenLane By: Philip Lazzari Most high-net-worth investors hire financial advisors to achieve their financial objectives and accountants to handle their tax matters, but too often the clients unintentionally put a wall between these two groups. Although advisors and certified public accountants often view each other as competitors, separating the two roles is counterproductive. In… View Article
Follow @SnowdenLane When independent, entrepreneurial advisors want to expand, they often bring on associate managers. Sometimes it’s necessary to handle a ballooning client base. But there’s always a trade-off. Junior staffers may be able to relieve some of the workload, but taking them on is a risk and can be draining. “It can be tough… View Article
Follow @SnowdenLane Click To Play Video The VIX, or the so-called fear index, spiked above 40 in August, yet it has since fallen to 23 as the market’s turbulence has subsided. Jesse Clinton, financial advisor at Snowden Lane, said it was the perfect time to profit from a covered call strategy. ‘The covered call index… View Article
A hard tumble for the markets had advisors worried — about panicked clients. With the Dow dropping more than 1,000 points in early trading and ending the day down nearly 600 points, a 3.6% decline, many feared a deluge of calls and emails. But that didn’t happen, many advisors said, which was even more scary…. View Article