A UBS advisor team managing $400 million in assets has left the wirehouse for Snowden Lane Partners, an independent firm.
Baltimore-based advisors Philip Lazzari, Mark Stevens, Eric Watson, and Eric Buckner joined Snowden Lane as partners and managing directors. The team operates as Harbor Wealth Management Group.
With these newest additions, Snowden Lane has nearly $1.5 billion in client assets under management, according to a statement from the firm. The New York-based firm also has offices in New Haven, Conn., and Pasadena, Calif.
All four advisors had been at UBS since November 2010. Previously, they had worked at Merrill Lynch. Senior team member Buckner has more than four decades of experience in the industry, including stints at Bache & Co. and Lehman Brothers before joining Merrill in 1999.
Fellow team member Lazzari started his career in 1996 with Prudential Securities. He moved to Merrill Lynch in 1999. Stevens joined Merrill in 1998. Watson began his career as an advisor in 1993 with Lehman Brothers. He later moved to Merrill in 2001.
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