Advisers switching firms need a plan

Posted on April 28, 2010 by Stark & Stark
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Thomas B. Lewis, Chair of Stark & Stark’s Employment Group, was quoted in the April 27, 2010 Reuters.com article, WEALTH MANAGER-Advisers switching firms need a plan. The article discusses the hardships advisers face when they have made the decision to leave their firm and head out on their own, the most troublesome issue: not being able to inform clients in advance.

Mr. Lewis states that secrecy is essential - if an adviser tells his clients before he leaves his old firm, he can be sued for breaching his duty of loyalty. You can read the full article online here.

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