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.”