In 2023, RIAs reported 531,400 employees with advisory functions, up 59% from 335,000 in 2009, according to the SEC.“I’m seeing very sad cases of advisors getting sued or trapped at firms ...

The employment agreements also included restrictions on contacting firm clients, working with other former firm attorneys and hiring firm employees. This content has been archived.

NY Employment Lawyers Concerned With Bill Aiming to Ban Non-Compete Agreements New York would join four other states with such laws: Minnesota, California, Oklahoma and North Dakota.