Snowden Lane Partners, a prominent independent wealth advisory firm, has made a top-caliber addition in Florida with a billion-dollar advisor from Mortgan Stanley.
On Thursday, the firm announced the addition of Jaime Sanchez Yarza as its newest senior partner and managing director.
Yarza, a 24-year veteran of the industry, is joined by Jose Andres Ramirez, portfolio director and senior client relationship manager and Paula Andrea Gonzales, group director and senior client relationship manager. Together, they will form The Yarza Group, operating from Snowden Lane’s Coral Gables office.
With the new team, Snowden Lane has accelerated its total client assets to $13 billion, a significant milestone in a year that has already seen the addition of 12 advisors overseeing over $2 billion in assets.
“Our firm has been fortunate to generate tremendous recruiting momentum over the past two years, with the addition of Jaime, Jose, and Paula serving as the latest example of that,” Chairman Lyle LaMothe said in a statement.
Greg Franks, managing partner, president, and COO of Snowden Lane, expressed enthusiasm about the new additions.
“We’re thrilled to officially welcome Jaime, Jose, and Paula to our Coral Gables team,” Franks said. “Jaime has had a truly illustrious career, and we’re humbled that The Yarza Group selected Snowden Lane as its next destination."
Specializing in both international and domestic clients, The Yarza Group will focus on serving ultra-high-net-worth individuals, families, and foundations.
Prior to joining Snowden Lane, Yarza spent 17 years at Morgan Stanley, where he most recently held the position of managing director. His extensive career also includes nine years as vice president at Goldman Sachs.
Yarza expressed high hopes for his team’s next chapter at Snowden Lane, which he said offered “the perfect blend of a boutique culture and sophisticated solutions” to let them “continue delivering … individualized, custom offerings” for their large client base.
Since its inception in 2011, Snowden Lane has established itself as a national brand, drawing top industry talent from major firms including Morgan Stanley, Merrill Lynch, UBS, JPMorgan, Raymond James, Wells Fargo, and Fieldpoint Private.
The firm currently employs 152 professionals, with 87 financial advisors, across 16 offices nationwide, including locations in New York City, California, Florida, Maryland, and Texas.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
