Cadence Bank and its Linscomb & Williams Inc. wealth-management division accused two former senior executives of stealing clients and proprietary information to found a rival firm that’s lured away more than $350 million in assets under management.
Texas brothers Harold and George Williams—former top executives at the Cadence subsidiary now known as Linscomb Wealth—allegedly pilfered hundreds of client files before they abruptly resigned in April 2023 to start boutique wealth-management firm Precedent Wealth Partners LLC, , according to the bank’s complaint filed Tuesday in the US District Court for the Western District of Texas.
The brothers’ departure came as a ...
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