NEW YORK--()--Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has redeemed a significant portion of the ownership stake held by its private equity sponsor, Estancia Capital Partners (“Estancia”). As a result of the transaction, remaining shareholders, including Snowden Lane advisors and employees, own approximately two-thirds of the firm.

The transaction reflects Snowden Lane’s commitment to advisor and employee ownership and concludes a strong year of financial performance.

In 2024, Snowden Lane achieved record profitability, recording 30% year-on-year revenue growth and over $80 million in total revenue. The firm added offices in Boca Raton, FL, Golden, CO, and Philadelphia, PA. As of year-end, Snowden Lane’s client assets were approximately $11.7 billion.

In connection with this transaction, Snowden Lane also provided partial liquidity to vested advisor owners, who were able to realize up to 40% of their equity holdings at an attractive valuation, demonstrating the firm’s commitment to achieving equity value for advisors.

“We’re thrilled to open 2025 with this announcement, as this transaction demonstrates our sustained commitment to operating as an independent and employee-centric enterprise,” said Rob Mooney, Managing Partner and CEO of Snowden Lane. “While we have always maintained and prioritized an advisor-centric culture, this is another step forward in reaffirming those values. Ultimately, our record profitability and growth would not be possible without our advisor teams.”

“We’re very pleased to have provided partial liquidity to vested advisors at an attractive valuation,” added Lyle LaMothe, Executive Chairman of Snowden Lane Partners. “Doing so not only demonstrates the success of our business model, but further validates the long-term value of Snowden Lane equity and reinforces our strategic vision for the firm.”

The firm now comprises 82 advisors across 16 offices in 10 states. In addition to this transaction, Snowden Lane expanded its existing senior loan facility in 2024. As a result, the firm maintains substantial cash and access to capital to continue recruiting and support potential acquisitions.

Snowden Lane has added capabilities to support client assets custodied at Schwab, in addition to Pershing, and continues to invest in numerous technology enhancements that strengthen the firm’s platform, brand recognition and position as a recognized leader in the independent wealth management space.

The firm also recently named Senior Partner and Managing Director, Armando Ureña, to Snowden Lane’s Operating Committee and appointed Senior Partner and Managing Director, Alex Bryer, to a national business development and recruiting role, reflecting the firm’s ongoing commitment to advisors’ participation in firm operations.

Since its founding in 2011, Snowden Lane 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. The firm has been included in Barron’s Top 100 RIA Firms ranking since 2020, most recently being ranked 48th in 2024. Snowden Lane was also included in the Forbes/SHOOK Top RIA Firms ranking for the third consecutive year in 2024, listed within the top 100 of the 250 named firms.

About Snowden Lane Partners

Snowden Lane is a nationally branded, open-architecture, hybrid registered investment advisor and broker-dealer that provides wealth advisory services to high-net-worth individuals, families, and institutional clients.

The firm is led by an experienced team of industry executives, including Lyle LaMothe, Chairman of the Board of Managers, Rob Mooney, Managing Partner & CEO, and Greg Franks, Managing Partner, President & COO, who are dedicated to building a client-focused, nationally branded, boutique wealth advisory partnership.

Snowden Lane is headquartered in New York City and operates an SEC-registered investment adviser and a FINRA-licensed broker-dealer. Snowden Lane provides a multi-custodian, multi-currency platform, with aggregated performance reporting and leading analytical tools for clients and advisors. Snowden Lane further provides full operational, finance, compliance, human resources, and financial advisor transition support to its financial advisors.

For more information about Snowden Lane, please visit www.snowdenlane.com. If you are a financial advisor interested in career opportunities with Snowden Lane, please visit the page here.