Financial Gravity Companies (FGCO) has issued an announcement.
Marathon Financial Group is attempting to terminate its long-term agreements with a company’s investment advisor subsidiaries, potentially impacting the latter’s future cash flow by around $350,000 annually, a significant part of their operating results. The dispute centers on the management of client assets, which Marathon is trying to reclaim. The company is challenging Marathon’s actions legally and is exploring ways to mitigate financial repercussions, with updates to be shared as the situation evolves.
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