U.S. Capital Advisors Terminates Billion-Dollar Advisor Over Unearthed Breakaway Aspirations

October 2nd, 2023, 11:00 AM

U.S. Capital Advisors has terminated David M. Harris, one of its largest producers, after discovering his plans to start his own firm, as reported by AdvisorHub.

An internal memo sent by a lawyer for the firm announced the termination of Harris, a 37-year industry veteran who had managed approximately $1.2 billion in assets, according to a 2018 Barron's top advisor ranking.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

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