Partnerships allow financial advisors to share in the revenue generated from one, shared book of business. Partnerships enable financial advisors to combine their respective resources to service larger books of business and more customers.
But like any formal business arrangement, disputes arise between partners ranging from pay disputes, client service issues, and problems that arise out of the fallout when a partnership dissolves (i.e. one partner leaves for another brokerage firm while the other partner stays) and distribution of partnership assets and customer accounts become contested.
PRM, P.C. regularly handles all issues that arise out of a partnership between financial advisors, including, partnership formation, dissolution, fee disputes, and litigation that stems from the partnership.