Magnolia Wealth Advisors, a former Merrill Lynch team with $500 million in client assets, has joined Snowden Lane Partners and will open a new office in Buffalo N.Y., according to a news release.
The advisors, who bring more than six decades of combined experience to NYC-based Snowden Lane, include Bill Markel, senior partner and managing director; Michael Schmatz, partner and managing director; Michael Kreuzer, partner and managing director; VeLisa Williams, senior registered client relationship manager; and Sharifa Mang, client relationship manager.
The team uses a goals-based approach and customized plans to achieve clients' financial objectives, the release said.
“Buffalo is a wonderful market and we’re excited to expand the firm’s footprint in such a promising and growing city,” markel said in a statement.
Greg Franks, president and chief operating officer of Snowden Lane Partners, said, “Buffalo has so much potential and is a market we’ve been eyeing for some time, and we’re thrilled to be expanding there with our 12th office and a talented team of advisors.”
Snowden Lane Partners, a hybrid registered investment advisor and broker-dealer, has offices in Pasadena and San Diego, Calif.; New Haven, Conn.; Coral Gables, Fla. Chicago.; Pittsburgh; Baltimore, Salisbury and Bethesda, Md.; San Antonio, Texas; and Buffalo, N.Y.