The Weekend Client Raid That Blew Up: How a Brokerage Battle Went Public
- Adviser hired by Oppenheimer ends up jobless after client grab
- A flash drive, FedEx envelopes and a three-day `head start'
This article is for subscribers only.
The weekend client raid is an open secret. A financial adviser quits late on a Friday and spends the next couple of days helping his new employer solicit his old customers. There’s even a broker pact that suggests it is all a refined gentleman’s game.
Until things fall apart.