$7bn RIA recruits $200m breakaway LatAm team
Snowden Lane Partners has added another team from Wells Fargo to its international advisor unit.
The New York-based RIA has recruited Joe Oliveira, Jessy Mogro, Ana Paula O’Keefe and Jorge Silva (pictured left to right) who have formed The Oliveira, Silva & Mogro group on its independent advisor network, the firm has announced.
The quartet oversees $212m for clients who reside in Brazil, Mexico, Argentina, Colombia, Venezuela and Europe, as well as in the US.
All four team members had been at Wells Fargo since 2018 and previously worked at JP Morgan Securities in New York.
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.
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