Latest Breaking News On - அர்மாண்டோ ஊரே - Page 1 : comparemela.com
Shot in the arm: Vaccine brings LatAm clients to Miami
citywireamericas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireamericas.com Daily Mail and Mail on Sunday newspapers.
A shot in the arm: Vaccine brings LatAm clients to Miami
citywireamericas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireamericas.com Daily Mail and Mail on Sunday newspapers.
Doug Flaherty
Snowden Lane Partners, a hybrid firm with $3 billion in advisory assets under management, has been slowly chipping away Wells Fargo’s international businesses in Manhattan and Miami.
Six advisor teams have jumped from Wells to Snowden, adding several million dollars to both hubs, said Greg Franks, president and chief operating officer of Snowden Lane.
Initially Wells executives explored the possibility of finding a single firm interested in lifting out the entire international business as a single entity. Insigneo Financial Group, a Miami-based independent broker/dealer, made Wells Fargo Advisors an offer to transition the international accounts of advisors joining Insigneo in one shot. Wells declined Insigneo’s proposal and others like it.
Another Wells Fargo Team Heads to Snowden Lane for Non-U.S. Biz Advisor Alfredo Garcia decided to move to Snowden Lane after Wells Fargo announced in January it would stop catering to international clients, which make up a majority of his book.
Snowden Lane has recruited another team from Wells Fargo Advisors. Alfredo Garcia, who managed over $100 million in assets under management, decided to make the move to Snowden Lane after Wells Fargo announced in January it would stop catering to international clients.
“That took us by surprise, and it took a while for us to regroup and try to find strategies as to what would be our future,” said Garcia, who joins Snowden Lane’s New York headquarters.
Wealth Management’s Week in M&A A succinct summary of the mergers, acquisitions and movements in the wealth management industry over the first week of March.
The first week of March saw a flurry of movement among advisors and the assets they manage. In the wealthtech space came news of Betterment’s purchase of Canadia-based Wealthsimple’s U.S. business.
The RIA space saw more consolidation as Wealth Enhancement Group announced its acquisition of North American Management, a firm managing $1.75 billion in assets, to build out additional services for ultra-high-net-worth clients. It also saw new firms crop up as Dynasty Financial Partners helped a former Bank of America Merrill Lynch team that managed $1.2 billion get their bearings as a new independent firm. Snowden Lane also captured a Miami-based team from a major bank. It announced it recruited Armando Ureña of Ureña Wealth Management and his team from Wells Fargo.
vimarsana © 2020. All Rights Reserved.