Whose clients are they, anyway?
![nonsolicitation agreements](https://s32566.pcdn.co/wp-content/uploads/2023/02/Adviser-reassuring-clients_opt-951x634.jpg.optimal.jpg)
Perhaps the reality is that neither firms nor advisors truly 'own' clients but rather are lessees of clients.
A recent rule proposal from the Federal Trade Commission banning noncompete agreements has drawn the attention of advisory firms. The proposal will be open for 60 days of public comment, which is likely to include requests from the industry for clarification of just how expansive the proposal could
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