Finra guidance could help departing reps hang onto clients
Louis Diamond Quoted
By Mark Schoeff Jr.
Brokers leaving firms could more easily hang on to their clients and avoid being disparaged by their former employers under recent Finra guidance.
The guidance will also clarify for clients their options when a broker leaves, according to Louis Diamond, executive vice president of Diamond Consultants, a recruiting firm.
“It creates more defined rules of engagement on how a firm has to react and talk to clients,” Mr. Diamond said. “They shouldn’t be blocked, intimidated or scared about working with the adviser of their choice.”