$13B hybrid RIA Snowden Lane names new leader to ramp up national recruitment

$13B hybrid RIA Snowden Lane names new leader to ramp up national recruitment
The leading independent, advisor-owned firm is sharpening its growth focus by elevating one of its senior partners into an expanded leadership role.
DEC 03, 2024

Snowden Lane, the top-ranked independent with an advisor-owned model, is extending its focus on growth and talent acquisition by elevating one of its top-performing senior partners to a position of greater responsibility.

On Tuesday, Snowden Lane Partners revealed it has appointed Alex Bryer, senior partner and managing director of its Bethesda, Maryland office, to an expanded leadership role as the firm’s national recruiting lead.

Bryer will retain his current client-facing responsibilities while collaborating with Snowden Lane’s leadership team and external recruiters to attract experienced advisory teams.

“Alex is an experienced, senior leader at Snowden Lane who has already demonstrated his ability to recruit quality advisors and substantially grow his own practice,” Greg Franks, managing partner, president, and COO of Snowden Lane said in a statement Tuesday. “We’re confident Alex will be invaluable in accelerating our firm’s growth in 2025 and beyond.”

Founded in 2011, Snowden Lane operates 16 offices and employs 147 professionals, including 82 advisors. After working for 21 years at Merrill Lynch, Bryer joined Snowden Lane in 2015 and currently leads a team overseeing over $1 billion in client assets.

Bryer's appointment follows a strong year for Snowden Lane’s recruiting efforts, which have helped bring in 13 advisors managing $1.8 billion in client assets since September 2023. Among its 2024 moves, the firm swiped a $1 billion team from Morgan Stanley in June and welcomed a $208 million mother-son advisor duo in February.

The firm also boasted 20 percent year-over-year revenue growth as it opened new offices in Boca Raton, Florida; Golden, Colorado; and Philadelphia, Pennsylvania.

Rob Mooney, managing partner and CEO of Snowden Lane, highlighted Bryer’s appointment as part of a broader effort to integrate existing advisors into leadership roles. “Ensuring our existing advisors play key roles in the future of our firm is a priority,” said Mooney. “Alex is an ideal reflection of our firm’s values for prospective advisors.”

Since inception, Snowden Lane's recruitment strategy has focused on attracting top-calibre professionals. It's emerged as a destination for elite breakaway talent from the likes of Morgan Stanley, Merrill Lynch, UBS, Wells Fargo, and JPMorgan, as well as Raymond James and Fieldpoint Private.

For his part, Bryer expressed excitement at his role in advancing the firm's recruitment strategy.

“I believe our firm is at an inflection point, and I’m looking forward to playing a positive role in Snowden Lane’s continued evolution,” he said.

Latest News

Building AI you can trust in wealth management
Building AI you can trust in wealth management

Beyond content generation and execution, firms that can offer answers around governance, transparency, and supervision are set to pull ahead in the next leg of the AI race.

Advisor moves: Veteran teams with $580M in assets leave Wells Fargo
Advisor moves: Veteran teams with $580M in assets leave Wells Fargo

The experienced advisory teams join Ameriprise and Janney as the race for experienced talent continues.

Medicare Advantage members hit hard by rising costs
Medicare Advantage members hit hard by rising costs

Rising drug and outpatient costs are pushing plan members to demand more financial guidance and most insurers are falling short.

Siebert deepens FusionIQ investment with 10-year wealth tech deal
Siebert deepens FusionIQ investment with 10-year wealth tech deal

Additional investment and partnership will see joint development of wealth management, brokerage and digital asset platforms.

FINRA eyes fraud 'speed bump' rule doubling hold to 10 business days
FINRA eyes fraud 'speed bump' rule doubling hold to 10 business days

FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income