BALTIMORE—In the brokerage industry, the Broker Protocol is a voluntary agreement outlining when and how departing advisors may ask clients to transfer their business. The Broker Protocol is intended to limit costly battles between brokerage firms over top clients.
However, industry giants Morgan Stanley and UBS recently withdrew from the Broker Protocols, leading many to speculate that the voluntary standards may be abandoned entirely. Womble Bond Dickinson's Victoria Bruno explores the latest developments—and the future of the Broker Protocol—in a new article titled "The Broker Protocol: End of an Era?"
Bruno's article recently was published by the Association of Corporate Counsel Baltimore Chapter in the FOCUS newsletter.
Click here to read "The Broker Protocol: End of an Era?" by Victoria Bruno.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
