Pennsylvania Court Says Wealth Management Group’s Non-Solicitation Agreements Unenforceable: Top 3 Takeaways for the Financial Services Industry

A recent non-precedential decision from the Pennsylvania Superior Court offers financial services businesses and professionals in the wealth management sector key lessons on restrictive covenants and client transitions. In a February 18 ruling, a three-judge panel denied an investment advisory business’s request for an order enforcing its non-solicitation agreements with three financial advisors who resigned to join a competitor. We’ll explain what happened and provide the top three takeaways... By: Fisher Phillips