Tr?id=566623520170033&ev=PageView&noscript=1

Former Creative Planning Staff File Lawsuit Challenging Non-Compete Agreements

Posted on September 27th, 2023 at 10:28 AM

From the desk of Jim Eccleston at Eccleston Law 

Four former employees of Creative Planning have filed a lawsuit, alleging that their non-compete agreements with the firm unlawfully restrict their ability to work in the industry. The lawsuit was lodged in the Superior Court of the State of California County of San Diego.

According to ThinkAdvisor.com, the lawsuit alleges that the plaintiffs desire to continue their work as financial professionals in California but are unlawfully restrained by their employment agreements. Those agreements include non-competition clauses that prevent them from working in the financial industry and soliciting business from Creative Planning's clients and prospects for two years.

Furthermore, one of the employment agreements imposes a social media ban that mandates the advisor to disconnect from clients on LinkedIn. Two of the employment agreements require the advisors to provide Creative Planning with a four-week notice of their resignations, in what is known as a “Garden Leave” provision.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.

LATEST NEWS AND ARTICLES

1777391003 Law
April 28, 2026
Former Morgan Stanley Advisor Faces Trial Over Alleged Scheme Targeting NBA Players

A former Morgan Stanley financial advisor is charged with defrauding professional basketball players through complex investment transactions involving viatical settlements, according to reporting by InvestmentNews.

1777309136 Law
April 27, 2026
Blackstone's Private Credit Fund (BCRED) Meets Record Redemption Demand

Blackstone Inc.

1777047237 Law
April 24, 2026
Geopolitical Tensions Prompt Wealth Advisors to Rethink Dubai Strategies

Recent geopolitical developments have forced wealth advisors to reassess client exposure to Dubai, a jurisdiction that has attracted significant ultra-high-net-worth capital over the past decade.