FRB Legal Outlet

For the First Republic advisor on the move, it is essential to have legal representation in place as soon as possible. Ideally, counsel would have familiarity with First Republic contracts to begin with as well as with the go to firms such as: Morgan Stanley, UBS, Wells Fargo, Rockefeller, JPMS, or RBC. Any restrictions contractually must be understood to go forth into negotiations about a departure and into a new firm. Of crucial importance is to understand what amount, if any, would be owed to First Republic in a move. Some go-to firms are insisting that their “new employees” have a distinct account where 100% of funds owed to FRB are returned on a distinct schedule. It is legal for an acquiring firm to do this but it is a negotiating point that legal can help with. It is important to know the non-solicitation clauses and any terms both in leaving the firm and what the new firm will require. Recruiters can work in concert with an advisor’s legal counsel to strategize the best negotiating tactics and strategy, but one cannot work without the other to serve an advisor’s best interest. If considering a move, it is best to have legal and a recruiter on board as soon as possible to save mistakes, time, and to work towards the best deal.

 

 

TGG will cover your costs as it relates to your transition legal fees.

 

 

 

Mr. Neville is nationally renowned in representing registered representatives in their transitions between brokerage firms, many of which are the highest-earning individuals or teams in the industry. Mr. Neville negotiates employment contracts and severance payments for his clients and advises them of the regulatory and legal risks inherent to changing firm. Mr. Neville also creates and negotiates succession plans to protect and monetize his clients’ book of business. He has been qualified as an expert witness on the industry standards regarding transitions pursuant to the Protocol for Broker Recruiting and on industry standards and practices on recruiting and retention of a financial advisor’s clients. He has been featured and quoted in “Registered Rep” and “On Wall Street” magazines for his expertise, experience on broker recruiting issues, and expungement of a broker’s publicly disclosed records.

Tap below to send us an email with your availability. TGG will cover your costs as it relates to your transition legal fees.

350 Fifth Avenue Suite 4640
New York, New York 10118

 

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Dunn handles employment, partnerships, FINRA, class actions, arbitration, defamation, privacy issues, shareholder oppression, “business divorce,” non-competes, trade secrets, whistleblowing, and significant personal injury matters. Most of Dunn’s work involves high dollar, “bet the company/bet your reputation” matters.  However, as Dunn says, “I became a lawyer because I enjoy fighting for a good cause.  There is no greater privilege in my work than righting a wrong and slaying a Goliath.” Dunn’s success gives him the financial security to accept smaller matters, work on a contingent fee, and a pro bono basis.

Tap below to send us an email with your availability. TGG will cover your costs as it relates to your transition legal fees.

 

500 N. Akard St., Suite 1900,
Dallas, TX 75201 USA

 

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