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What the proposed ban on noncompete clauses means to a top advisor
Ted Jenkin signed a noncompete arrangement when he sold his economic advisory apply in 2019. Resource: Ted Jenkin When certified monetary planner Ted Jenkin offered his monetary advisory follow in 2019, he signed a nonsolicit and noncompete agreement that prohibited him from having shoppers from the company for 5 years — or from getting any other career in the market, anyplace in the region. “When you sell a enterprise, mostly you are selling customers or ideas, but for you not to be able to do the work in this business enterprise can make no pragmatic feeling whatsoever,” he explained. “It is crazy.” Bound by this clause, Jenkin, who is a…

