Independent wealth advisory Snowden Lane Partners announced that Jaime Sanchez Yarza, formerly with Morgan Stanley, has joined Snowden Lane as a senior partner and managing director.
Yarza brings additional team members: Jose Andres Ramirez, portfolio director and senior client relationship manager; and Paula Andrea Gonzales, group director and senior client relationship manager. Based in Snowden Lane’s Coral Gables, Fla., office, The Yarza Group brings with it $1 billion in total client assets.
This latest activity brings Snowden Lane’s total client assets to $13 billion, building upon the addition of 12 advisers in 2023 which represented more than $2 billion in assets.
“We’re thrilled to officially welcome Jaime, Jose, and Paula to our Coral Gables team,” said Greg Franks, managing partner, president, and chief operating officer of Snowden Lane. “Jaime has had a truly illustrious career, and we’re humbled that The Yarza Group selected Snowden Lane as its next destination. We’re excited for the expertise he’ll undoubtedly bring to our broader team, as he has served as a quality adviser for many years.”
“We’re excited to join Snowden Lane for the next chapter of our careers. As we evaluated our options, we felt Snowden Lane offered us the perfect blend of a boutique culture and sophisticated solutions that would allow us to continue delivering the individualized, custom offerings our large client base has come to expect. Most of all, we’re looking forward to continuing to help each of our clients achieve their unique goals,” said Yarza.
Prior to joining Snowden Lane, Yarza spent 17 years at Morgan Stanley, most recently serving as managing director. He previously served as vice president for nine years at Goldman Sachs and received his MBA from the Olin Business School at Washington University in St. Louis, and a BSBA in finance from the Instituto Tecnológico Autónomo de México.
The Yarza Group will serve both international and domestic clients, with a particular specialty in serving ultra-high-net-worth individuals, families, and foundations.
“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,” said Lyle LaMothe, chairman of Snowden Lane. “We’re equally excited to collaborate with The Yarza Group, and to continue our growth trajectory for the rest of 2024 and beyond.”
Since its founding in 2011, according to Snowden Lane, it has built a national brand, attracting top industry talent from Morgan Stanley, Merrill Lynch, UBS, JP Morgan, Raymond James, Wells Fargo, and Fieldpoint Private, among others.
Headquartered in New York City, Snowden Lane is a hybrid registered investment adviser and broker-dealer that provides wealth advisory services to high-net-worth individuals, families, and institutional clients. It employs 152 professionals, 87 of whom are financial advisers, across 16 offices around the country.
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