Tr?id=566623520170033&ev=PageView&noscript=1

Edelman Financial Files Lawsuit Against Mariner Alleging Client Poaching and Defamation

Posted on December 14th, 2023 at 11:54 AM
Edelman Financial Files Lawsuit Against Mariner Alleging Client Poaching and Defamation

From the desk of Jim Eccleston at Eccleston Law 

Edelman Financial Engines initiated legal action against Mariner Wealth Advisors, alleging that the Registered Investment Advisor (RIA) engaged in the wrongful recruitment of Edelman's financial advisors.

Barron’s reports that the lawsuit accuses Mariner of defamation, incentivizing advisors to violate employment contracts, and unlawfully obtaining trade secrets to solicit clients. According to the complaint, Mariner reportedly has recruited 10 Edelman advisors, resulting in numerous broken employment contracts and the solicitation of 851 former Edelman clients, representing around $621 million in assets. Edelman claims that Mariner employed aggressive tactics, including portraying Edelman as a "sinking ship" and pressuring financial planners to leave.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!

David Y

LATEST NEWS AND ARTICLES

1777047237 Law
April 24, 2026
Geopolitical Tensions Prompt Wealth Advisors to Rethink Dubai Strategies

Recent geopolitical developments have forced wealth advisors to reassess client exposure to Dubai, a jurisdiction that has attracted significant ultra-high-net-worth capital over the past decade.

1776963542 Law
April 23, 2026
Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

Advisor movement across the wealth management industry accelerated sharply in 2025, with 11,172 experienced financial advisors changing firms, according to reporting by Wealth Management citing the latest Advisor Transition Report from Diamond Consultants.

1776796402 Law
April 21, 2026
DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

The U.S.