UBS Replacing Non-Solicitation Language in Advisor Bonus Agreements

Posted on December 5th, 2018 at 4:34 PM
UBS Replacing Non-Solicitation Language in Advisor Bonus Agreements

From the Desk of Jim Eccleston at Eccleston Law LLC:

UBS has announced that will replace the non-solicitation language that was introduced in its 2017 bonus agreements with a standard, but still onerous, 12-month non-solicitation provision.  

According to a memo from the Head of Wealth Management in the United States, Tom Naratil, bonus agreements signed by mid-April will revert back to the previous standard.  

The attorneys at Eccleston Law provide consulting services for financial advisors, including the planning and negotiating of the terms of their transitions, and defending reps in litigation and arbitration.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, ubs, non-solicitation

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