Wealth Enhancement Sued Former Advisor

The financial firm has launched a breach of contract lawsuit against a former advisor over client solicitation allegations.

Updated on Oct. 13, 2026 in Financial Planning

Bold flat-color editorial illustration of a heavy geometric building facade, evoking the institutional tension of a legal dispute. — Wealth Enhancement has filed a breach of contract lawsuit in Minnesota state court against former financial advisor Christopher Porpiglia. AI Illustration. Upload story photo >

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Should financial firms be allowed to prevent former advisors from soliciting their previous clients?

Wealth Enhancement filed a lawsuit in Minnesota state court against former advisor Christopher Porpiglia. The firm alleges that Porpiglia violated contractual obligations regarding notice periods, confidentiality, and client solicitation.

Why it matters

The firm claims the advisor breached his employment agreement, while Porpiglia's counsel argues the move is intended to limit client freedom in choosing their financial representation.

Wealth Enhancement mandates a 30-day resignation notice period and imposes a 2-year restriction on client solicitation following a departure. The advisor involved joined the firm in 2022 after previously registering with Manning & Napier Advisory in 2013.

The players

Christopher Porpiglia

He is a financial advisor who previously worked for Wealth Enhancement and currently operates Wright Park Wealth.

Wealth Enhancement

It is a financial services firm that has initiated legal action against a former employee for breach of contract.

Wright Park Wealth

This is a financial firm formed by Christopher Porpiglia in October 2026 with an affiliation to RFG Advisory.

RFG Advisory

This is the advisory organization that now maintains an affiliation with the firm established by Christopher Porpiglia.

The details

Wealth Enhancement alleges that Porpiglia attempted to resign by sending an email to a supervisor who was out of the office. Following his departure, the firm claims Porpiglia began soliciting clients for his new venture, Wright Park Wealth, which he formed with an RFG Advisory affiliation.

Christopher Porpiglia first registered with Manning & Napier Advisory in 2013.
Porpiglia joined Wealth Enhancement in 2022.
Porpiglia resigned from Wealth Enhancement on October 8, 2026, the same day the firm demanded a cease-and-desist.
Porpiglia formed his own firm, Wright Park Wealth, in October 2026.
Wealth Enhancement filed the lawsuit against Porpiglia in early October 2026.

Market Dynamics

This case follows the documented industry trend of restrictive covenant litigation in wealth management as firms increasingly move to protect client lists from departing advisors. These legal maneuvers represent a broader power struggle over client retention and advisor mobility in the financial sector.

This legal conflict may impact how clients at the firm experience advisor transitions and potentially complicate the transfer of accounts. Residents should review their own advisory agreements to understand how similar restrictive covenants might affect their access to their preferred wealth managers.

The takeaway

Advisors leaving firms should carefully review their contracts to understand the potential for litigation regarding notice periods and client solicitation. Clients involved in these transitions may face service disruptions while firms and departing advisors contest the movement of assets.