Snowden Lane entered 2025 on a excessive word. The agency had an lively recruiting 12 months, increasing its nationwide footprint and posting report profitability and income with roughly $12 billion in AUM.
But the spotlight for CEO Robert Mooney was the choice to purchase again a good portion of the agency’s fairness from its authentic monetary backer, Estancia Capital. The agency additionally broadened possession to extra workers and managers whereas letting longer-tenured advisor companions money in some vested chips at “a sexy valuation.”
Now, 75% of agency possession is within the fingers of managers and workers. Mooney sees the pivot away from exterior capital as one thing to have fun, notably as extra rivals run towards personal fairness.
On this episode of the RIA Edge Podcast, host David Armstrong talks with Mooney concerning the latest modifications at Snowden Lane and the way his agency is navigating the shifting dynamics in wealth administration.
Rob shares insights on:
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Why the wirehouses are nonetheless Snowden Lane’s finest looking grounds for expertise, although he’s beginning to see severe alternatives to recruit from different RIAs; the agency just lately added Charles Schwab as a custodian alongside its conventional companion Pershing.
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A brand new proprietary retirement transition plan that provides advisors eyeing the exits an early payout.
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The rising function of different investments, the place the demand is coming from and the way advisors are integrating them.
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Why agency executives are bringing extra training advisors from the sector places of work into managing director roles to assist with strategic progress selections.
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The sustainability of present RIA valuations and what corporations could be getting unsuitable.
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The agency’s latest recapitalization and the advantages of broadening possession within the agency to advisors and home-office workers.
Assets:
Join With David Armstrong:
Join With Rob Mooney:
About Our Visitor:
Rob is the Managing Accomplice and Chief Govt Officer of Snowden Lane. Rob spent 22 years at Merrill Lynch, in New York, Singapore, Hong Kong, and London. He was Common Counsel and Chief Enterprise Danger Officer of World Wealth Administration and a member of the GWM Govt and Working Committees. He beforehand held senior government positions in Worldwide Non-public Consumer and the Asia Pacific Area. Rob began at Merrill Lynch in London (Europe, Center East, and Africa Area) and earlier than that labored on the U.S. Securities and Change Fee. He has a BA from Franklin and Marshall Faculty and a JD from George Washington College. He’s Chairman of the Board of Centurion, the oldest group within the U.S. devoted to liberating the wrongly convicted, and a founding Board member of the Christina Seix Academy, a residential college for underprivileged inner-city youngsters. He’s a former Board Chairman and Board member of the American Purple Cross of Central New Jersey
