Key facts
- Mattioli Woods has sued Fintrel, a financial planning business.
- Mattioli Woods alleges that restrictive covenants were breached.
- The alleged breaches occurred following the creation of Fintrel by former employees.
Mattioli Woods, a wealth management firm backed by private equity, has initiated legal action against Fintrel, a newly established financial planning business. The lawsuit centers on allegations that former employees of Mattioli Woods breached restrictive covenants by creating Fintrel and subsequently soliciting clients. The firm claims that these actions constitute a violation of agreements put in place to protect its business interests and client relationships.