Transaction Substantially Increases Advisor and Employee Ownership, Provides Vested Advisor Owners with Liquidity on Equity Holdings
NEW YORK, January 10, 2025–(BUSINESS WIRE)–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.
