A Merrill Lynch team managing $225 million in client assets left the wirehouse to join independent firm Snowden Lane Partners.

The team, known as the Feldman Group, opened Snowden’s newest office in Pittsburgh, marking it as the firm’s fifth office.

Snowden’s president, Greg Franks, said in a statement that the firm had identified Pennsylvania as key market for their growth strategy, and that he expected several more teams to join Snowden in the Keystone State.

The Feldman Group consists of Robert Feldman, a partner and managing director, and Donna Bowler, a private wealth advisor. They serve high net worth clients, families and institutions.

via $225M Merrill Team Joins Snowden Lane | Financial Planning.