When HighTower recently landed the head of a team overseeing $500 million in client assets at Oppenheimer, the move illustrated a nagging problem when groups split: Who gets the clients after a divorce?
Although most teams stay together, it is not unusual for a group to split up, or lose members. Some advisors stay behind at the old firm, others move on to a new home. Where the clients end up can be a sensitive subject.
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