JPMorgan advisors told to follow script, or leave

An elite group of advisors at JPMorgan Chase were allegedly pressured by company brass to push the bank’s own products or be shown the door, according to a New York Times DealBook investigative report.

“‘We were not able to do the right things for our clients,’ said Brad Scott, a financial adviser who quit JPMorgan in April 2012 and now works at LPL Financial. Mr. Scott said that an executive told the brokers on a conference call, ‘You are not a money manager; you are an asset gatherer,’” the report explains.

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