No Contact Agreement info
Hey guys I just wanted to get your thoughts on how a FA goes about switching firms with their book when their current wirehouse has an existing no contact agreement.
Any personal stories would be greatly appreciated.
I wasn't with a wirehouse but was still covered by a non-contact agreement when I left a few years back.
I was a CFP at the time I left and sent a letter to all my clients saying something like "As a CFP I am required under CFP Code#(whatever) to inform you of my new contact info......"
The old firm sent me a nasty letter to which I replied "I'm only following the CFP rules. if you don't like them, sue the CFP Board." That was the last I heard from the old firm.
Then my clients had my info and I waited until they called me.