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Former Wells Fargo advisers form new group at Snowden Lane Partners

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.