Wealth Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Wealth Professional | 26 Nov 2014, 11:48 AM Agree 0
Advisors thinking of making a clean break likely face fewer legal issues than imagined when taking clients to their new firm. Here’s why.
  • Ken MacCoy, CHS | 26 Nov 2014, 02:31 PM Agree 0
    A word to the wise: While a non-compete may be struck down by the courts; a non-solicit (i.e for 2 years) may come back to haunt you. also, if you don't have a non-compete, but have a fiduciary duty or obligation to your former company, it is imperative to seek legal advice. Three points to remember: (1) It is easy & inexpensive to launch a law-suit, but could be costly to defend; (2) Your former company likely has deeper financial pockets than you; and (3) always, always seek legal advice before making a move.
  • Will Ashworth | 22 Dec 2014, 03:47 PM Agree 0
    Hi Ken,

    Great points, all of them. Most importantly, advisors should seek legal advice before making any decision to move. Absolutely essential.
Post a reply