Stockbroker and Securities Professional Transitions

Financial advisors and other securities industry professionals seeking new employment typically face unique challenges and issues, including transitioning their existing client base from one firm to another. The “Broker Protocol” governs these transitions in many instances. Since the early 2000s, the Broker Protocol—an agreement among many of the largest and most well-known broker-dealers and other wealth management firms—provides a framework for brokers moving from one firm to another, avoiding costly and time-consuming litigation.

If you are a financial advisor or industry professional who is transitioning firms, we invite you to contact us to determine how to achieve a seamless transition. Whether your transition is governed by the Broker Protocol or not, we can help you navigate what can be an exciting yet daunting process in moving your client base from one firm to another. Throughout the transition process, our attorneys will advise on a range of issues, including an industry professional’s specific obligations, including those under the Broker Protocol. Other issues that may be addressed include the applicability, in some instances, of contractual obligations such as the scope and enforceability of non-solicitation and non-compete restrictive covenants.

The attorneys at Giarrusso Law Group LLC have significant experience in handling all manner of legal claims and issues unique to the securities industry. We invite you to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost, confidential consultation.