JPMorgan is stepping up its fight to hold onto private bankers with an unusual move — going after a firm an ex-employee founded
Louis Diamond Quoted – By Hayley Cuccinello, Business Insider – Big banks often sue former wealth advisors to stop them from soliciting clients. JPMorgan is upping the ante by taking an RIA to court over its hires. “Private bankers work with a very small number of ultrawealthy individuals, which is the exact type of business that every firm is looking for,” said the executive recruiter Louis Diamond, who has previously recruited for both JPMorgan and Cresset.
