Kutak Rock attorney Andrew Shedlock was recently quoted in a Citywire article examining a high-profile legal dispute between wealth management firm Hightower and a former advisor. The article, titled “Clients caught in crossfire of advisor’s legal battle with Hightower”, explores how legal conflicts between advisors and their former firms can sometimes draw in clients.

Speaking broadly on the topic, Shedlock noted that while it is uncommon for clients to be directly involved in advisor transition litigation, it is not unprecedented.

“It would be generally unusual for a client to be deposed in advisor transition litigation, but it is not unheard of for clients to report back and inform the firm when a former advisor makes contact with the client following termination,” said Shedlock.

Read the full article on Citywire  here.

Andrew is a seasoned litigator with a specialized focus on representing broker-dealers, Registered Investment Advisors (RIAs), financial planners, Certified Financial Planners® (CFPs®), financial advisors, and other financial institutions and professionals. His expertise spans litigation, arbitration, defense against regulatory enforcement actions, and general regulatory and compliance matters. Andrew excels in managing broker and advisor transition matters, offering strategic guidance and counsel to advisors and brokers transitioning to independence through all stages of the process, as well as overseeing buy/sell transactions of varying sizes. He frequently advises financial professionals on transitioning their practices and resolving solicitation and non-compete issues.