Edelman Financial Engines and Prime Capital Financial have agreed to settle an ongoing lawsuit between the firms, closing the book on a multi-year litigation battle. As part of the settlement, Prime Capital has agreed to an injunction detailing procedures that the company and any Edelman planner who opts to leave for Prime Capital must take if they switch firms. Edelman responded with its own lawsuit against those reps and added Prime Capital as a defendant in early 2025. Additionally, a Prime Capital spokesperson affirmed that the issues, “including all of the underlying cases between Prime Capital Financial Advisors and Edelman, have been resolved to our satisfaction, including a stipulated process for hiring in the future.” Earlier this year, Edelman filed for a restraining order, alleging that Prime Capital continued to poach Edelman planners and encouraged them to breach their employment contracts.