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Florida non-compete bill backed by Citadel bodes ill for advisor mobility - Investment News

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Florida is poised to enact legislation that would permit non-compete agreements to last up to four years – a development that could reshape the employment landscape for high-earning professionals, including financial advisors, in the state. The bill, dubbed the CHOICE Act, was passed by the state legislature on April 24 and awaits the signature of Governor Ron DeSantis. If signed into law, it would take effect in July. The measure allows employers to impose non-compete clauses and “garden leave” provisions on workers earning at least twice the average wage of the county where they are employed – a threshold that typically exceeds $140,000 in urban areas within the Sunshine State. It would also mandate preliminary court injunctions at the time of filing, effectively blocking employees from continuing similar work during legal proceedings. Existing Florida law permits non-competes but leaves room for judicial discretion; the new rules would substantially limit that flexibility. Citadel,

Florida non-compete bill backed by Citadel bodes ill for advisor mobility - InvestmentNews CONTINUE TO SITE CONTINUE TO SITE Florida non-compete bill backed by Citadel bodes ill for advisor mobility As other states curb non-competes, the East Coast growth hub could soon become the most employer-friendly jurisdiction in the US. MAY 09, 2025 By Leo Almazora Florida is poised to enact legislation that would permit non-compete agreements to last up to four years - a development that could reshape the employment landscape for high-earning professionals, including financial advisors, in the state. T

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