On Practice
Adviser equity stakes prevent conflict over client custody
When an adviser leaves a practice there is the inevitable conflict over who has the rights to serve the client, particularly when non-solicitation agreements are in place but the client has the personal relationship with the adviser. Outside of selling books or going through court, advisers having a stake in the practice is one way to mitigate this tension.
Beata KuczynskaJune 13, 2025
