What's at Stake in the Ameriprise-LPL Fight Over Client Data

A series of recruiting disputes between Ameriprise Financial Services and LPL Financial could help clarify what client data advisors are allowed to take, and the client contact they're allowed to make, when switching firms. 

In a spate of recent lawsuits, Ameriprise accuses LPL of encouraging recruits to breach industry rules and abscond with the firm's client data, while LPL counters that a "bleeding" Ameriprise aims to use litigation over client information to stifle industry competition. 

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