other material
confidence high
sentiment negative
materiality 0.70
Marathon terminates agreements, risks $350k annual revenue from AUM fees
Financial Gravity Companies, Inc.
- Marathon Financial Group initiated termination of long-term client account agreements with company's RIA subsidiaries.
- The AUM-related fees contributed approx. $350k annually; full reclamation could reduce FY2025 cash flow by that amount.
- Company disputes Marathon's right to compete for client AUM and intends to seek enforcement through legal channels.