Bluefin sues former IFA for 'poaching' clients

Sean Condon left Bluefin in January 2010 to run Essex-based Yew Tree Financial Planning. Bluefin claims Condon broke contract rules by taking a number of clients with him to Yew Tree. It says it lost about £1m in profits and is demanding more than £300,000 from Condon and Yew Tree. Bluefin claims Condon set up an answerphone message directing clients to his new firm, reports say. According to the FSA register, Yew Tree Financial Planning was a registered name from December 2009. It launched in April 2010. Condon declined to comment when contacted by IFAonline.