A former financial institution department advisor with Charles Schwab is suing the corporate, claiming it ignored intercourse and age discrimination allegations she raised about her supervisor.
Lynette Ancona relies in Winter Park, Fla., and was with Schwab from 2009 to 2023 earlier than becoming a member of Raymond James as a senior vice chairman of wealth administration (on the time, she managed about $750 million in consumer belongings).
In a lawsuit filed in Florida federal courtroom this week, Ancona stated she stop her position of Vice President, Senior Monetary Marketing consultant at Schwab within the face of insupportable working situations, together with alleged age and intercourse discrimination from financial institution department supervisor Olivier Guerin (who has been with Schwab since 1997, in accordance with FINRA information).
Moreover, she accused Guerin of retaliation “on account of her a number of complaints to Human Assets of his discriminatory conduct.”
In response to the swimsuit, Ancona was a prime performer on the department, however Guerin constantly handled youthful male workers “extra favorably than older feminine workers. Ancona stated Guerin “routinely belittled and insulted” her and asserted that none of Ancona’s co-workers favored working together with her.
“Guerin additional assisted youthful workers, notably youthful males, with advancing their careers, however he undermined Ancona’s development and success,” the grievance learn. “Guerin would assert that the youthful males have been ‘younger and hungry.’”
Ancona claimed that one feminine consumer relationship supervisor over 50 transferred out of the department due to how Guerin handled her, and two male co-workers over 50 affirmed that Guerin favored youthful male workers.
In response to Ancona, she went to Human Assets about Guerin’s conduct, however her complaints weren’t addressed. Guerin allegedly discovered about this and scrutinized Ancona much more, together with issuing a “baseless and inaccurate” teaching memorandum that Ancona stated had a “chilling” impact on her standing at Schwab. Ancona alleged Guerin additionally reversed a $60,000 fee she’d pretty obtained.
“Ancona made a grievance to senior management concerning this reversal and famous that it was attributable to her age and intercourse,” the grievance learn. “Following her additional grievance, Guerin elevated his criticism of Ancona’s efficiency and elevated his isolation of her from her colleagues.”
Jan Schwartz, the lawyer representing Ancona, didn’t reply to a request for remark previous to publication.
In accordance a Schwab spokesperson, the agency disputed the allegations and plans to reply in courtroom.
“We would like our workers to thrive at Schwab and now we have a zero-tolerance coverage towards any type of discrimination,” the spokesperson stated.
Ancona stop on Dec. 22, 2023, arguing her psychological and bodily well being had suffered from Guerin’s alleged retaliation and discrimination. She later heard that Guerin allegedly advised her purchasers she couldn’t deal with “all of her purchasers adequately” and didn’t “provide high quality recommendation.”
In March 2024, she joined Raymond James’ worker advisor channel together with consumer service affiliate Stephanie Gisler.
