Mariner’s recruitment scheme “was calculated to ensure Mariner received Edelman’s trade secrets,” according to amendments made to a lawsuit Edelman first filed in 2023.
“They’re trying to make an example of Darren Reinig so they can send a message to the broader advisor community that if you try to leave Hightower, we’re going to make your life expensive and litigious. And essentially that message has now popped,” the advisor’s attorney said.
The acquisition of Merriman Wealth Management marks the ninth for Focus Partners Wealth, the newly rebranded The Colony Group and Buckingham Strategic Wealth, since Jan. 1, 2024.
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