Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, announced that David Lautz and Francisco Malfavon, both internationally-focused advisors from Wells Fargo, have joined the firm’s San Diego office.
Lautz and Malfavon, each a Partner and Director, are forming the LEM Group and bring $125 million in client assets to Snowden Lane, increasing Snowden Lane’s total client assets to over $3 billion.
“David and Francisco bring extensive knowledge of Latin Americans’ financial planning needs, the kind that can only be had by their personal experience in Latin America and from several decades of working in the industry,” said Alison Murray Burkett, Partner, Managing Director and Head of Enterprise Development. “We look forward to their future contributions to making Snowden Lane a significant player in this global wealth management category.”
“The San Diego office continues to grow and thrive given increased demand for financial advisory services among international clients,” said Greg Franks, Managing Partner and Snowden Lane’s President. “This highly-skilled, globally-minded and well-regarded team will be a significant contributor to the Snowden Lane franchise, complementing the services we provide U.S. resident clients from our other offices, and we’re thrilled to bring David and Francisco on board.”
Added Snowden Lane Managing Partner and the firm’s CEO, Rob Mooney: “This is our first team from Wells Fargo and they represent our commitment to serving high-quality non-resident clients, and to leverage our team’s extensive international experience. As we’ve said before, global banks have left a gap in the cross-border business and talent like this puts Snowden Lane in an optimal position to fill that gap.”
Lautz has been a financial advisor for more than two decades specializing almost exclusively in working with Latin America-based clients. He previously held senior-level positions at Prudential Financial and Fidelity Investments. He worked at Wells Fargo Advisors where he most recently served as a vice president.
Malfavon was an assistant vice president at Wells Fargo Advisors International Group. He began his career at Wells Fargo Bank in 2003 where he served as a regional private banker developing international high net worth client relationships and subsequently became a financial advisor. His key focus areas are wealth and asset protection, trusts and estate planning, and asset management.
“We’re excited to join such a dynamic and universally qualified team to capture the opportunity that exists in the Latin American market,” said Lautz. “We intend to help Snowden Lane to continue to be a stand-out player in this important market.”