Court Ruling Upends Broker Protocol, Creates Obstacle To Job-Hopping

By Neil Weinberg and Katherine Chiglinsky

Financial advisors counting on an industry pact to switch jobs safely with clients in tow could run into obstacles after a ruling by a Georgia state court last week. The decision, involving advisors who jumped to Morgan Stanley from Aprio Wealth Management LLC in 2014, holds that those who agree to give their employers advance notice before quitting aren’t absolved of that duty by the terms of the industry accord. []