"Once advisors have left their firms, they should limit their contact with former customers to a "wedding announcement" type of communication that shows that they have joined another firm."
Thomas Potter, Burr & Forman
When You Jump Ship, Are Your Communications Actually Solicitations?
By Rita Raagas De Ramos | Financial Advisor IQ, March 2018
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Summary: How can breakaway FAs be certain they’re not breaking the law when reaching out to former clients? After all, concerns about whether advisors broke their contractual agreements by soliciting old clients to join them at their new firms are at the center of many current disputes between broker-dealer firms and their former FAs.
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