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Snowden Lane Partners Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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

  • Choosing a financial advisor to work with can be a difficult process to get going. However, finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • 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.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research