A federal judge granted Edward Jones’ request for a temporary restraining order against two of its former brokers, ordering the duo not to solicit or attempt to solicit any of the firm’s clients.
The dispute arose after advisors Debra Feaser and Michael Eisenbraun moved to Ameriprise’s employee channel from Edward Jones on Nov. 2.
Edward Jones
Judge Pamela Chen granted the firm’s request while the two sides hash out the dispute in FINRA arbitration.
Judge Chen also ordered the advisors not to solicit any Edward Jones employees to terminate their employment with the firm.
Brian Parker is SVP, National HR Consulting and Workforce Solutions Leader at Alera Group. He leads the Alera Group division responsible for helping clients create strategies to attract and retain talent and transform the way they serve employees. His guidance empowers organizations to better engage their people and find the right technology and services to carry out their mission.
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
But while Edward Jones got its non-solicit request, the judge’s order permits the advisors to speak with clients who have already transferred assets and to accept new transfers of assets from Edward Jones clients.
The two advisors oversaw more than $150 million in assets, Edward Jones said in its lawsuit. (An Ameriprise spokeswoman said they oversaw $215 million). Edward Jones says client assets of approximately $19 million have already transferred over to rival Ameriprise.
A spokeswoman for Ameriprise said the firm and the advisors had no comment on the matter. An Edward Jones spokesman also declined to comment.
Neither the brokers nor their attorney could be reached for comment.
Feaser is an advisor of 24 years and she had been with Edward Jones since 2003, according to FINRA BrokerCheck records. Eisenbraun began his career at the firm two years ago.
Edward Jones is not a member of the Broker Protocol, an industry pact that permits advisors switching firms to take basic client contact information with them. The firm has more than 14,000 brokers in the U.S.
