Snowden Lane Partners, the six-year old New York-based RIA founded by former Merrill Lynch executives, continues to grow, gaining a Wells Fargo team in San Diego that oversaw $125 million in client assets.

Advisers David Lautz and Francisco Malfavon specialize in serving wealthy international clients, particularly those from Latin America.

Snowden Lane has grown to over $3 billion in client assets since its founding in 2011. The firm now has seven offices and has recruited advisers from Merrill Lynch and Morgan Stanley.

Former Merrill executive Lyle LaMothe is Snowden Lane's chairman of the board of directors, Managing partners Rob Mooney and Greg Franks are CEO and president, respectively.

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FIRST TEAM FROM WELLS FARGO
"This is our first team from Wells Fargo and they represent our commitment to serving high-quality non-resident clients, and to leverage our team's extensive international experience," Mooney said in a statement. "As we've said before, global banks have left a gap in the cross-border business and talent like this puts Snowden Lane in an optimal position to fill that gap."

Bloomberg News

Lautz has been adviser for more than two decades, and worked at Wells Fargo since 2008, according to FINRA BrokerCheck records.

Malfavon has been with Wells Fargo since 2003, according to Snowden Lane. He served as a regional private banker, working with wealthy international clients. He earned his Series 7 in 2007, according to BrokerCheck.

A spokeswoman for Wells Fargo could not be reached for immediate comment.

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