Financial Advisor & RIA Litigation: Claims Against Employers & Business Partners
Financial Advisor & RIA Litigation: Claims Against Employers & Business Partners
When a professional relationship in the wealth management sector dissolves, or an RIA operating agreement is breached, the stakes extend far beyond the legalities—they may impact your BrokerCheck record, your firm's Form ADV, and your long-term career trajectory.
Financial Advisor & RIA Litigation: Claims Against Employers & Business Partners
When a professional relationship in the wealth management sector dissolves, or an RIA operating agreement is breached, the stakes extend far beyond the legalities—they may impact your BrokerCheck record, your firm's Form ADV, and your long-term career trajectory.
Protecting Your Reputation, Assets, & Professional Future
Our approach is built on the understanding that every RIA partnership dispute or executive employment conflict is unique. Whether we are representing a senior partner in a multi-million dollar RIA "business divorce" or an executive facing a wrongful termination, we operate with a dual focus: meticulous preparation and assertive execution.
While many industry disputes are settled behind closed doors, we understand that for RIAs and wealth managers, the most complex dissolutions are often fought in state or federal civil courts. If a courtroom battle is unavoidable, you have a formidable team in your corner—advocates who are as comfortable in the firm’s boardroom as they are before a judge, dedicated to protecting your legacy and ensuring your interests are defended.
To provide the best results for our clients, we specialize in the following high-impact areas of the financial services industry:
- RIA Partnership Dissolutions & "Business Divorces": Navigating administrative and judicial dissolution, complex asset division, and book-of-business valuations during the separation of an advisory team.
- Executive & Advisor Advocacy: Handling wrongful dismissal, "Permitted to Resign" disputes, and high-stakes severance negotiations for IARs and firm leadership.
- Breach of Fiduciary Duty & Contract: Litigating failures to adhere to RIA Operating Agreements, partnership contracts, or duty of loyalty claims during partner departures.
- Equity, Commission & Trailing Fee Claims: Ensuring advisors and partners receive their earned ownership stakes, production bonuses, and deferred compensation/grid payouts.
- Whistleblower & Retaliation Defense: Providing vigorous protection for advisors facing retaliatory firm actions or misleading disclosures on IAPD/IARD records following ethical reporting.
Protecting Your Reputation,
Assets, & Professional Future
Protecting Your Reputation, Assets,
& Professional Future
Protecting Your Reputation, Assets, &
Professional Future
Our approach is built on the understanding that every RIA partnership dispute or executive employment conflict is unique. We do not rely on boilerplate strategies; instead, we dive deep into the underlying operating agreements, shareholder contracts, and internal compliance communications to identify the leverage points that others miss.
Specialized Advocacy for the Wealth Management Industry
Specialized Advocacy for the Wealth Management Industry
Whether we are representing a senior partner in a multi-million dollar RIA "business divorce" or an executive facing a wrongful termination, we operate with a dual focus: meticulous preparation and assertive execution.
While many industry disputes are settled behind closed doors, we understand that for RIAs and wealth managers, the most complex dissolutions are often fought in state or federal civil courts. If a courtroom battle is unavoidable, you have a formidable team in your corner—advocates who are as comfortable in the firm’s boardroom as they are before a judge, dedicated to protecting your legacy and ensuring your interests are defended.
To provide the best results for our clients, we specialize in the following high-impact areas of the financial services industry:
| RIA Partnership Dissolutions & "Business Divorces" | Navigating administrative and judicial dissolution, complex asset division, and book-of-business valuations during the separation of an advisory team. | |
| Executive & Advisor Advocacy | Handling wrongful dismissal, "Permitted to Resign" disputes, and high-stakes severance negotiations for IARs and firm leadership. | |
| Breach of Fiduciary Duty & Contract | Litigating failures to adhere to RIA Operating Agreements, partnership contracts, or duty of loyalty claims during partner departures. | |
| Equity, Commission & Trailing Fee Claims | Ensuring advisors and partners receive their earned ownership stakes, production bonuses, and deferred compensation/grid payouts. | |
| Whistleblower & Retaliation Defense | Providing vigorous protection for advisors facing retaliatory firm actions or misleading disclosures on IAPD/IARD records following ethical reporting. |
What Our Clients
Say About Us
What Our Clients
Say About Us
When it comes to our defense services, we don’t expect you to simply take our word for it. Hear what real clients have to say about their experiences with AdvisorLaw.
"I had 2 frivolous disclosures on my record and asked AdvisorLaw to help me get them removed. They were successful in both cases. My experience was they were well organized and knowledgeable and most importantly they were effective at getting the job done. I highly recommend them."
- Glen Anderson ⭐⭐⭐⭐⭐
"Hiring the best = worth It! I hired AdvisorLaw in early 2020 to help me remove 1 termination and 3 customer claims from my BrokerCheck page. With Covid and the economy and everything else going on, I was worried about the expense. But the disclosures on my record were doing so much damage that I knew removing them could pay for itself."
- Sara McClain ⭐⭐⭐⭐⭐
"As I left a major wirehouse, I was unjustly and unfairly accused. The kind folks at AdvisorLaw guided me through the system. I had given up on clearing my name but they were able to handle everything honestly and with the regulators agreeing. I couldn't get it done by myself. Thank you!"
- Montee Sneed ⭐⭐⭐⭐⭐
"They were totally professional and we accomplished everything we set out to get clarified. It feels so good to have my name back. It is unfortunate that the system requires this process when you have nothing to do with a case. They were so organized and clearly explained the process and we got it done. I also gave their name to someone who had problems with a previous advisor. She was happy with her outcome."
- Damian Dering ⭐⭐⭐⭐⭐
"I worked with Advisor Law to have a frivolous complaint removed from Broker Check. While FINRA determined there was no validity to the complaint I needed to take action to clear my record.Advisor Law was easy to work with, did exactly what they said they would do, exactly when they said they would do it, and coached me through the process.While I never want to experience this type of event again, I would call them in a heart beat should the need arise."
- Mark Edwards⭐⭐⭐⭐⭐
"Great people to have in your corner. Very professional, knowledgeable, and results oriented. I'm glad they are on my team. When I needed defense over a bogus claim, they were amazing, and protected me and my team."
- Dean Owen⭐⭐⭐⭐⭐
"Advisor Law's knowledge, detail oriented, and expertise, are excellent. I had worked with an attorney previously and they did nothing compared to what Advisor Law was able to accomplish. Truely a professional organization who cared about my case, took responsibility and treated me with utmost respect. I recommend contacting Advisor Law and see if they can help your situation!"
- Patty Loris⭐⭐⭐⭐⭐
"Chelsea and the entire team were fantastic to deal with. Diligent and patient through a grinding process, and they really helped me through some challenges. So appreciate their help in providing justice to my records, comprehensive preparation for hearings and taking the reins in my expungement process. Thank You!!"
- Bob Krieger⭐⭐⭐⭐⭐
"Advisor Law was great to work with, and they made everything fast and easy. They helped me with my case, and a favorable outcome. The attorney they had me working with was professional, courteous, and knew what he was doing."
- Rinaldo Crassa⭐⭐⭐⭐⭐
"Wonderful experience with results exactly as advertised. They were able to clean up my U4 that were not reflective of my professional record."
- Thomas Clark⭐⭐⭐⭐⭐
"Advisor Law provided terrific service with my expungement cases. Their direct professional care was highly successful to remove nuisance records for me. I would highly recommend everyone at Advisor Law as the team effort yielded superior results."
- David Bindelglass⭐⭐⭐⭐⭐
Meet Your Experts
Meet Your Experts
Meet our team of experienced and knowledgeable experts for managing new disputes.
Tad Burton, J.D.
Managing Director
of Client Relations
Jennifer Cox, J.D.
Senior Associate
Nathaniel Cousar
Account Development Representative
Dalton Hodges
Lead Administrative
Law Assistant
Josephine Jiron
Account Development
Representative
Jason Kirkland
Executive Director
Meredith McNulty
Account Development
Manager
Tyler Reynolds, J.D.
Associate
Ric Rivard
Business Development Executive
Sheyla Serrano
Client Relations Manager
Daniel Simms
Account Development
Representative
Janay Simmons
Administrative
Law Assistant
Carla Smith
Discovery & Investor Services Manager
Discovery & Investor
Services Manager
Michael Wunderlich
Discovery & Investor
Services Manager
Discovery & Investor Services Manager
Frequently Asked Questions
Frequently Asked Questions
When an RIA partnership or team dissolves, your rights are primarily governed by your Operating Agreement or Partnership Contract. Key issues include the valuation of your "book of business," the division of shared assets, and the enforceability of non-solicitation, no-contact, and non-compete clauses. We help advisors navigate these transitions so that they receive their fair equity stake and that their client relationships are protected during the split.
Yes. A defamatory or misleading Form U5 termination disclosure can be challenged through FINRA Arbitration. If a firm uses the "Reason for Termination" section to retaliate or mischaracterize your departure, you qualify to seek an expungement to change the status to "Voluntary" and delete the defamatory narrative. This is critical because a negative U5 can act as a permanent "blacklist" in the financial services industry.
The Broker Protocol is a legal framework that allows advisors to take limited client information when moving between signatory firms without fear of litigation. However, if your firm is a non-signatory, or if you are accused of taking "trade secrets" beyond the Protocol's scope, you could face an immediate Temporary Restraining Order (TRO). Strategic legal counsel is essential before you resign to ensure your transition is "Protocol-compliant."
Whether you are entitled to trailing commissions, production bonuses, or unvested deferred compensation is determined by the specific language in your employment agreement and the "Good Leaver/Bad Leaver" provisions. Many firms attempt to withhold earned grid payouts upon a broker’s departure. We meticulously analyze these contracts to vigorously pursue unpaid compensation through settlement or arbitration.
In an RIA or partnership, members owe each other a fiduciary duty of loyalty and care. Common breaches include diverting client opportunities to a new entity, misusing firm resources to plan a competing venture while still employed, or "poaching" junior staff in violation of an agreement. If a partner’s actions have harmed the value of the firm or your ownership interest, you may have grounds for a derivative or direct claim for damages.
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Request a Private Consultation
(303) 952-4025
Request a Private Consultation
(303) 952-4025
Schedule a complimentary consultation!