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Coach
Anyone work at GE or GE healthcare?
a High School Teacher
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Okay, thank you. Can’t not leave the cult with worrying about them coming after me, but just doing some more due diligence.
Community Builder
And to answer your question, normally they will come after you in the first 90 days. You will normally receive your warning letter about 3 weeks after leaving, with a copy of your contract and non-solicitation agreement. They will usually follow that pretty quickly with a TRO if they are going to pursue you. That’s not always the case, but has been for most people I have met on the other side of the green curtain.
Mentor
We’ve had several advisors join, and they never get contacted - provided they weren’t stupid with their transition.
They are a bit slow due to Court and clerk window closures but eventually will catch up with you.
You might get lucky! The people in charge are licking their own wounds being furloughed or working at home. Hard to sue people from the couch.
Ok, call me naive but what does “doing it right” look like?
Not calling clients I’m not allowed too. That’s all I meant by it.
I left EJ after 5 years in May. The week after I left a ruling came down saying that EJ cannot block you from contacting former clients (which they tell you that you cannot as you are exiting) and essentially called them hypocrites for recruiting existing advisors and helping them transition clients over while trying to stop exiting advisors from taking their clients with them. You do have to “do it right” and not call them up to say “hey come with me” but you’re allowed to call to chat and check in. Once they ask about your new role/firm, ask what pros and cons are and so on it’s a green light to solicit that individual client.
You can call any client that was assigned to your branch. Jones is trying to scare or limit you. Call and announce you left and then shut up. Once they start asking questions it is game on.
If it is such a great place to work and for clients then why all the fighting — advisors and clients would soon “learn” of their mistake. This not happening shows that other options are very valid.
From what I’ve seen, It’s an escalating process. Warning letter, then TRO, then demand, then arbitration. No one that I’ve brought over from jones has gotten worse than the warning letter.
The noncompete is enforced