View more on these topics

Andrew Fisher and Raymond James lawyer to address covenant summit

Towry chief executive Andrew Fisher (pictured) and Raymond James deputy general counsel Mike Alford will both address an industry conference on restrictive covenants this month.

In February, a High Court judge dismissed all cases brought by Towry against IFA firm Raymond James and seven former advisers over alleged client solicitation.

On May 30, Fisher will speak on the future of client retention at the Tax Incentivised Savings Association’s conference, When advisers leave, who owns the client?

The conference will also see Alford speak about broker protocol in the US, where agreements have been struck between large firms over departing advisers.

Tisa director of policy Malcolm Small says: “We will be looking at the situation in the UK and trying to analyse how the legal arrangements affect advisers with a view to trying to gather industry consensus and reducing the likelihood of further legal action in this area.”

Tisa is also setting up an executive committee chaired by Legal & General director Peter Smith to debate the implications of restrictive covenants.

Brunning Newman Houghton director David Brunning says: “Anyone attempting to bring consensus in this area should be applauded.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com