Snowden Capital Advisors, also known as Snowden Lane Partners, is a New York City-based investment advisory firm. It mostly works with individual clients, both above and below the high-net-worth threshold. The firm also serves institutional clients.
Snowden Capital Advisors Background
Snowden Capital Advisors, which also goes by the name Snowden Lane Partners, launched in 2011. It’s owned by Snowden Intermediate Holdings, LLC, and its large team includes advisors with the chartered financial analyst (CFA) and Certified Financial Planner™ (CFP®) designations. Some of its representatives are also registered with SAS, an affiliated broker-dealer.
Snowden Capital Advisors Client Types and Minimum Account Sizes
Snowden Capital Advisors works with a variety of clients including:
- Individuals (both with and without a high-net-worth)
- Companies and other business entities
- Foundations
- Charitable organizations
- Trusts
- Pension plans
- Endowments
New clients must have at least $100,000 ready to invest in order to become clients of the firm.
Services Offered by Snowden Capital Advisors
Snowden Capital Advisors delivers investment and portfolio management services, either on a discretionary or non-discretionary basis. While the firm may manage your portfolio in-house using wrap fee programs, which bundles advisory and brokerage services together for one fee, it also may recommend independent third-party firms.
Beyond investment management, firm also offers financial planning services covering the following topics:
- Estate planning
- Retirement planning
- Education planning
- Ensurance planning
- Risk management investments
Snowden Capital Advisors Investment Philosophy
Portfolios are crafted and managed according to clients’ needs, utilizing a diverse range of investments such as stocks, bonds, mutual funds (including stock and bond funds, along with other asset classes), options, warrants, real estate investment trusts (REITs), exchange-traded funds (ETFs), alternative investments, and various other securities and financial instruments selected by Snowden Capital Advisors or third-party investment managers.
Depending on a client's portfolio size and their financial goals, an investment strategy focused primarily or entirely on mutual funds may be the most suitable option for some clients.
Fees Under Snowden Capital Advisors
In general, the firm charges investment advisory fees as a percentage of the client’s assets under management (AUM). It charges fixed or hourly fees for financial planning and asset allocation services. Hourly rates range from $60 to $500 per hour, while the overall cost of these services can reach up to $50,000 or more.
Clients enrolled in one of the firm's wrap fee programs typically pay an asset-based fee that can range from 2.50% to 0.20% of the value of the portfolio. Meanwhile, clients who opt for non-wrap-fee management will pay a fee that can reach up to 3% of their AUM.
What to Watch Out For
Snowden Capital Advisors has a clean legal and regulatory record in the eyes of the SEC.
Additionally, advisors may have dual or triple roles as representatives of broker-dealers and licensed insurance agents. Wearing multiple hats poses potential conflicts of interest. That said, Snowden Capital Advisors operates as a fiduciary and thus is obligated to provide investment advice in the best interests of its clients.
Opening an Account With Snowden Capital Advisors
If you're a potential client who'd like to open an account with this firm, give them a call at (646) 218-9760. You can also go to the firm's website and click the "find a financial advisor."
All information was accurate as of the writing of this article.
Tips for Finding the Right Financial Advisor
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- Ask advisor candidates how much liability insurance they have. The correct answer should cover the amount you plan on putting under the advisor’s management. So if they say $25,000 per incident and you have $50,000 to invest, that’s clearly not enough coverage.
