Gone!
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[quote=Knows Wall St.]
[quote=joedabrkr] [quote=Helter Skelter]GEt in your car and have your clients sign the ACATs. Don’t wait for them to come in. Pay a courier to go around and stand there while they sign. YOu should have way more than 2.5mm by now. [/quote]
Good advice. I wish I’d thought to do that!
[/quote]
This from the smartest poster in the covey?
[/quote]For the record I did not make such a claim. Shoot I never even claimed to be all that smart.
Got a nice friendly letter from Jones' lawyer telling me that "my responsibilities to Jones extend beyond my employment" with the employment agreement I signed attached for my "convenience and review."
I think it's standard operating procedure. Surprised it took them this long--10 days from when I turned in my resignation.
we'll see if anything happens from here.
RS
RS, out of curiosity, what does the agreement say about competing with Jones and soliciting clients after you leave? I was always under the impression that Jones only asked for reimbursement of training costs if you left too early…
RS,
Don't assume its just SOP. If your book was big enough and the assets move, they most likely will go after you for solicitation and/or trade secrets. I assume you were at Jones for more than 3 years or they would go after you for training as well. They have been more aggressive in contract enforcement in order to slow down the exodus. You may hear from them again quickly, but don't be surprised if it takes several months.
[quote=rockstar1]
Got a nice friendly letter from Jones’ lawyer telling me that “my responsibilities to Jones extend beyond my employment” with the employment agreement I signed attached for my “convenience and review.”
I think it's standard operating procedure. Surprised it took them this long--10 days from when I turned in my resignation.
we'll see if anything happens from here.
RS
[/quote]SOP varies from state to state. Regional preference goes into it as well. I wouldn't be too concerned, but be sure to show the letter to the right people over at SB. If they've seen it before, then they'll know what's next. Personally, I wouldn't be surprised if you never hear from them again.
The courier idea is great. I've heard of advisors hiring the college age children of clients to act as couriers. Ask them to wear a suit and tie (or something similar for the ladies). The kids will probably look more professional than your typical courier service.
If you do hear something, let me know. I may have some advice. It took awhile, but they did attack someone I know very well recently.
it's a one year nonsolicit clause. Training costs of $70000 if it's within three years of your hire date. I am well past three years.
we'll see what happens.
RS