Back in Marshall to take over father’s investment business
MARSHALL — Ryan Snodgrass and his younger brother, Brent Snodgrass, have come home to Marshall to carry on the family business with Edward Jones Advisors as their father transitions into an advisory position.
“I’m super happy to be back,” Ryan Snodgrass said. “There’s no denying the opportunities that are out here.”
“I’m excited to be a part of it, too,” Brent Snodgrass said. “It’s exciting to pick up the baton with the business. I’m looking forward to making Marshall home.”
Their father, Mike Snodgrass, has been in a high-profile position as an Edward Jones investment advisor for many years and is transitioning into retirement.
Ryan has already moved into his father’s corner office on South O’Connell Street, Marshall, while Brent has set up a temporary office in the same building.
“For the next two years, I will be a resource to Ryan and Brent as well as other advisors in town,” Mike Snodgrass said Monday. He went on to explain that he has been spending time matching his current clients with either of his sons as well as some other advisors in the Edward Jones family in Marshall. “Our business is built on relationships, and we want our clients to continue to be Edward Jones clients, so we’re matching them mostly by personalities. Ryan and Brent’s biggest need will be meeting as many new clients as possible.”
“Undoubtedly, Dad had built up a successful business,” Ryan Snodgrass said. “I had already had a successful business, but looking at downtown (Twin Cities), and what we want (life) to be, we decided to move home.”
Ryan Snodgrass and his wife, Lana, have a 1-year-old daughter named Isla. They find it a lot easier and quicker to find locations and events in Marshall than in the Twin Cities, having lived in Cambridge.
“Lana has joined some ‘Mom’ groups in Marshall and feels so welcomed by them,” Ryan Snodgrass said. “Lana says that it’d be a mistake for anyone new to the area not to get involved in them.”
Eventually, his wife would like to go back to nursing, Ryan Snodgrass said.
Brent Snodgrass’ new fiance (as of Thanksgiving), Sarah Saflin, is transferring from college in Huston to Southwest Minnesota State University (SMSU) to complete a degree in English education.
“She wants to teach high school English,” Brent said. All three advisors agreed that it was a no-brainer for Sarah to complete her degree in Marshall.
“SMSU is an asset to the community,” Mike Snodgrass said.
Brent and Ryan shared facts about their college days.
Brent Snodgrass attended University of Minnesota Duluth, eventually receiving a degree in business and marketing, while Ryan started at South Dakota State University in the Fish and Game department, eventually transferring to U of M Duluth, also for business and marketing.
“I started out in aviation,” Brent Snodgrass said.” I started a successful aviation company in Houston, Texas. “A friend bought me out and is still running it.”
Brent Snodgrass said that he knew that the aviation lifestyle was not one he wanted to devote the rest of his life to, especially if he wanted a family.
“I was drawn to Edward Jones because I enjoy helping people reach their financial goals,” Brent Snodgrass said. “Having been a small business owner, I can relate to the long hours they put into their businesses.”
After that, he said, he saw aviation as a hobby, not a career.
Ryan Snodgrass also switched gears, only sooner, for similar reasons. While he was still in college, an acquaintance got him “by the scruff of the neck,” he said, and asked him why he was going into a hobby type business when he had the talent to make it in marketing.
Mike Snodgrass said the firm is a partnership within the Edward Jones investment family. Each office in the family hosts one advisor and one or two assistants. It will be his job to float between offices giving advice on how each of his former client’s accounts had been set up.
The three men joked about Mike Snodgrass moving his desk into the hall or even out the door.
“I’m looking forward to the day my key doesn’t work in this door,” Mike Snodgrass said.
“When you have someone with his experience, though, you don’t want to just kick him out the door,” Ryan said on a more serious note.
It was also noted that Brent Snodgrass’s new assistant, Charlie Vos, will be returning to the area as well; Vos graduated from the Russell-Tyler-Ruthton High School.
“One of the things that struck my wife, Sue, and I, in 1983, was how welcoming the community was. We always appreciated how we were accepted into the community,” Mike Snodgrass said. “We appreciate everything they’ve done for us.”
Saflin (Brent’s fiancee) has also found that to be true, Brent Snodgrass said. “She found it to be a welcoming community. It’s been good to see how the community has changed over the years for the positive.”
“We grew up hearing, ‘Marshall doesn’t have this,’ and ‘Marshall doesn’t have that,’ but in the Cities, you had a minimum of a one hour commute to and from wherever you were going,” Ryan Snodgrass said.
“When we came back and were driving around town, my wife and I were surprised at all the new businesses and without the driving.”
There is a third brother, Jon, who lives in Northfield. He has been with Edward Jones for about 15 years.
The main drawback about having so many people in the family in the same line of work, Ryan said, was that the women get bored with them talking shop at holiday get-togethers.