Armando Ure News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Doug Flaherty Snowden Lane Partners, a hybrid firm with $3 billion in advisory assets under management, has been slowly chipping away Wells Fargo’s international businesses in Manhattan and Miami. Six advisor teams have jumped from Wells to Snowden, adding several million dollars to both hubs, said Greg Franks, president and chief operating officer of Snowden Lane. Initially Wells executives explored the possibility of finding a single firm interested in lifting out the entire international business as a single entity. Insigneo Financial Group, a Miami-based independent broker/dealer, ...

Another Wells Fargo Team Heads to Snowden Lane for Non-U.S. Biz Advisor Alfredo Garcia decided to move to Snowden Lane after Wells Fargo announced in January it would stop catering to international clients, which make up a majority of his book. Snowden Lane has recruited another team from Wells Fargo Advisors. Alfredo Garcia, who managed over $100 million in assets under management, decided to make the move to Snowden Lane after Wells Fargo announced in January it would stop catering to international clients.   “That took us by surprise, and it took a while for us to regroup and tr...

Wealth Management’s Week in M&A A succinct summary of the mergers, acquisitions and movements in the wealth management industry over the first week of March. The first week of March saw a flurry of movement among advisors and the assets they manage. In the wealthtech space came news of Betterment’s purchase of Canadia-based Wealthsimple’s U.S. business. The RIA space saw more consolidation as Wealth Enhancement Group announced its acquisition of North American Management, a firm managing $1.75 billion in assets, to build out additional services for ultra-high-net-worth client...

Snowden Lane looks to bring on more advisors fleeing firms that put restrictions on international clients. Snowden Lane added the Ureña Wealth Management Group to its roster of advisors, pulling the advisors from Wells Fargo, the firm announced Monday. The move comes in the wake of Wells’ announcement that it would jettison its international wealth management business. Snowden’s latest recruit, Miami-based Ureña Wealth Management, run by Armando Ureña, managed $360 million in client assets at Wells Fargo. Half of it was focused on offshore accounts and international client...