This previous 12 months noticed the RIA trade proceed to mature, with corporations changing into extra complicated and complicated when it comes to their employment contracts and non-solicitation agreements. And with that got here a battle for expertise that was extra aggressive than ever.
A few of these battles had been taken to courtroom. From firms suing one another over poaching advisors to money sweep lawsuits affecting custodians, a lot of our protection this 12 months centered round lawsuits.
Take Mariner, which is going through lawsuits on a number of fronts from different corporations. The Carson Group was sued by a former worker concerning a sexual assault allegation. LPL was accused of a “company raid” and likewise settled with fired CEO Dan Arnold.
Have a look again at these litigious prime tales from 2024.
