Snowden Capital Advisors, a wealth advisory firm, has secured a significant strategic growth capital investment from Estancia Capital Partners, a private equity fund.
Co-founded in 2011 by industry executives Rob Mooney and John Morris, Snowden provides wealth advisory services to individuals, families, and institutional clients.
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Snowden said that it will use the proceeds of Estancia’s investment to expand its business by recruiting additional Financial Advisor partners in existing markets and also in other target markets.
Rob Mooney, managing partner and CEO of Snowden, said: "Estancia’s investment further validates our vision and the industry trend toward advisor independence. It enables us to profitably execute on our business plan for the foreseeable future."
Terms of the transaction were not disclosed.
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