New Jersey team, which went independent in April after decades at Wells and predecessor firms, allegedly took client data in violation of company rules, privacy laws and the Protocol for Broker Recruiting.
Co-head of wealth management business warns of tough second quarter but says firm is content with its hiring, compensation and technology strategies.
Veteran San Diego advisers who left Friday for Hilltop Securities ask a judge to invalidate their employment contracts’ non-solicit clauses in a novel move with high legal risks.
In separate moves, three advisers who were each with UBS for nine years, jumped despite firm’s exit from the Protocol to the headline-plagued Wells.
Though neither wirehouse is in the Protocol for Broker Recruiting, the Cincinnati brokers have moved without drawing a challenge from their former employer.
Departure of eight-person group led by Merrill lifers Brandon Brown and Ky McCarty coincided Friday with loss of Boston team managing about $4.5 billion to First Republic.
Executives at the wirehouse that led the exit from the Broker Protocol aren’t sweating modest erosion in advisor headcount.
Broker embroiled in a dispute over production credits with senior partner joined Capitol Securities the day after his termination.
Three brokers who collectively spent half a century at UBS and last year produced $9 million, have leveraged financing from a private equity firm and from Fidelity Investments to start their new firm.
Washington State advisor at RBC who beat Morgan Stanley’s restraining order in court loses a battle to keep client data in arbitration.