Nevertheless,
Fabien major | star finance:
Fabien Major, a Quebec finance star, filed a pursuit of 1.6 million against his former Assante Capital Management firm, who dismissed him in 2024.
Posted at 6:00 a.m.
The financial planner. In addition, author, which regularly intervenes in various media in Quebec, claims from the Assante Capital Management firm a compensation for its “abusive and harmful” conduct following the termination of their professional agreement, indicates the judicial request.
Fabien Major wishes to obtain $ 1,427,807.33 for pecuniary damage, $ 170,000 for moral damage and $ 50,000 in punitive damage. For example,
The star advisor alleges fabien major | star finance that Entering Capital Management made a “calculated attack” against his “integrity”. Similarly, his “reputation in order to seize his customers”.
The allegations were not proven before the court and Assant wished to comment on the prosecution.
“Assant Capital Management is aware of the complaint of Fabien Major. Furthermore, This complaint distorts the facts and we can affirm with certainty that it is devoid of foundation. Consequently, The case being now in court. Moreover, we will not make any other comments at the moment, ”wrote by email to The press Murray Oxby, vice-president, corporate communications. Similarly,
A business relationship that ended badly
Fabien Major had an annual income of approximately 2 million. indicates the judicial document, which specifies that thanks to decades of work, he built a solid and respected reputation.
fabien major | star finance
From October 2019, Fabien Major was the owner of the former team of Major Major Assante Capital Management in Outremont.
In July 2022. he recruited two young financial planners from his team, Antoine Chaume and Geneviève Lavigueur, in order to train them and sell their business to them one day. However, in July 2024, a dispute occurred between the two parties.
Fabien Major “received a proposal from the advisers Antoine Chaume. Geneviève Lavigueur to acquire his customers for $ 11,280,000,” said the request. Fabien Major refused it.
M. Chaume and Mme Lavigant decided to leave the major team to join the Assante branch of Brossard.
A few days later. on August 5, 2024, Fabien Major published a press release in which he suggested that the fabien major | star finance former members of his team did not comply with the expected professional practices and ethical standards.
A press release that he had to quickly withdraw from public space at the request of a Capital Management Assante.
In mid-August. Fabien Major learns in a chain of emails exchanged between members of the senior management to which he had been added in an invisible compliant copy by an unknown person that the management of Assante is deliberating on the termination of his business relationship with him and the revocation of his access to the system.
Finally, he decides to take the lead and himself requests the termination of the business relationship.
According to the summary provided in the judicial document. Éric Lauzon, vice-president of business development at Assante, proposed not to fabien major | star finance report his alleged “misconduct” in the file on the condition that he agrees to sell his customers to him.
Mr. Lauzon proposed an amount equal to four times his annual income. $ 8 million, “which was entirely inappropriate as an attempt to force the applicant to sell his customers for less than his value”, he is written in the prosecution of Mr. Major.
Fabien major | star finance
Important financial losses
The applicant assesses that this amount was “significantly lower than the real value of his customers”. since Antoine Chaume and Geneviève Lavigueur had offered him $ 11,280,000 a few weeks before.
The assets under management of the major team totaled 742 million, indicates the document. The branch generated more than 4 million annual income, half of which came directly from Fabien fabien major | star finance Major’s customers.
On August 27, 2024, Fabien Major’s license was transferred to his new firm, wealth management. According to the prosecution. Assante Capital Management has hampered the transfer of its customers to its new management firm in addition to spreading false and defamatory statements about it.
“As a financial professional paid exclusively by commissions. the applicant has suffered a loss of income due to a significant loss of the customers generated by his portfolio due to the fault [d’Assante] ». Its financial losses of commissions and profits are estimated at $ 1,400,000.
Attached to the phone by The pressFabien Major said that he should follow his. lawyer’s recommendation not to comment on the prosecution that will be debated before the courts.
With the collaboration of Louis-Samuel Perron, The press
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