JPMorgan Says Ex-Advisor Is Trying to Poach $250M Book

What You Need To Know

• Gary Carruthers has already persuaded over 24 former clients to transfer their business to Wells Fargo, according to a lawsuit.
• JPMorgan argues that Wells Fargo gave him over $1 million in incentives to breach restrictions and switch jobs.
• The bank says Carruthers, who spent 15 years at JPMorgan, had about 369 clients with roughly $250 million under management at the time of his resignation.