Kitces: Non-Solicit and Non-Compete agreements for financial advisors

DHK

RFC®, ChFC®, CLU®
5000 Post Club
I put this here because it's geared towards the RIA world, but it applies for everyone who may be dealing with this. Of course, it's not legal advice, but it's a decent enough overview. He certainly is talking about upholding the agreement rather than challenging the agreement.

Also, he seems to take the approach that the FIRM got the client and you are the advisor servicing the client. "If you don't like that, build your own firm."

Non-Compete And Non-Solicit Agreements For Financial Advisors



Anyway, this would seem to be a decent enough resource.

14:20 discusses for b/d and insurance companies and read your contract regarding taking client information, etc. Expect that leaving a firm is a high-stakes issue. Always assume that it's going to turn ugly. Read your agreement carefully.
 
Back
Top