Two Merrill Lynch advisors managing $270 million in assets have left the wirehouse to join independent firm Snowden Lane Partners.

Advisors Jesse Clinton and Phillip Pedrena joined Snowden today as partners and managing directors in New York, where the firm is headquartered. This is the second wirehouse team to join Snowden recently. Three weeks ago, a UBS team managing $400 million in assets joined Snowden in Baltimore. Greg Franks, president of Snowden, says that this continues the recruiting momentum of the firm, which he describes as a steady, unhurried process to build up Snowden.

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