JPM•JPM•JPMorgan Chase sued former private client advisor Brian Krauthamer in Florida federal court, alleging he breached one-year non-solicitation and confidentiality covenants after resigning May 1 to join Morgan Stanley and used confidential client cell numbers to solicit transfers. The bank says about 90 households with $161 million in assets moved their business to Morgan Stanley.
JPMorgan Chase filed a complaint in a Florida federal court claiming that Brian Krauthamer violated non-solicitation and confidentiality provisions in his employment agreement after resigning May 1 to join Morgan Stanley. The bank is seeking a temporary restraining order to halt his alleged outreach to former clients.
Krauthamer began his industry career in 2006 at Ameriprise, moved to Chase Investment Services in 2010 and registered with JPMorgan Chase in 2012. He was promoted to Select Private Client Advisor in 2024 and built his book of business with the firm’s support.
Since joining Morgan Stanley, Krauthamer is accused of soliciting former JPMorgan clients via their personal cell phones, leading roughly 90 households with a combined $161 million in assets to transfer their business. At resignation, he oversaw about 244 households totaling $229 million in assets under supervision.
JPMorgan’s employment contracts for branch advisors include one-year non-solicitation clauses and confidentiality requirements. The bank asserts these terms are more stringent for branch staff and has frequently pursued legal action against advisors who violate such covenants.
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