Capital Forensics News Today

After rejoining the protocol earlier this year, Cresset’s withdrawal will be effective Jan. 1.

SVB's wealth unit will leave the Broker Protocol next week as First Citizens attempts to protect its newly-acquired client assets and workforce.

The latest legal fight between the firms over departing brokers raises questions about the effectiveness of the Broker Protocol.

While the FINRA arbitration system certainly is not perfect – just see Alan’s troubling blog from last week regarding the Motion to Vacate that was granted by a Judge in Atlanta – we...

Wealthmanagement.com, Christine M. Conboy, VP and assistant general counsel at J.P. Morgan, sought to make those internal divisions clearer. She wrote that the banks participation in the agreement applies only to “registered representatives in the J.P. Morgan Advisors line of business” with the title of “wealth partner” or “wealth advisor.” “No other divisions, businesses or employees of JPMS or its corporate affiliates or parents are covered by the Protocol,” the letter read. ...

Thrivent Advisor Network Joins the Broker Protocol Thrivent Advisor Network is now a member of the protocol, which allows departing advisors to take certain customer information and solicit customers regardless of whether they had agreements that expressly prohibited such conduct. Thrivent Advisor Network, Thrivent Financial’s hybrid independent advisor platform, has joined the Protocol for Broker Recruiting, according to Capital Forensics, which maintains the protocol. “The Thrivent ...