Wells Fargo’s David Lautz and Francisco Malfavon have joined Snowden Lane Partners' San Diego office.
Lautz and Malfavon will form the LEM Group, which is expected to bring about $125 million in client assets and increase Snowden Lane’s total client assets to more than $3 billion, according to the company. Both men will serve as partners and directors of the company.
Previously, Lautz was a vice president at Wells Fargo Advisors specializing on Latin America-based clients, while Malfavon was assistant vice president at Wells Fargo Advisors International Group.
Snowden Lane and Snowden Lane Partners are references to Snowden Capital Advisors LLC.