New Jersey advisors consider relocation over worker classification rule
Updated
Updated · InvestmentNews · May 7
New Jersey advisors consider relocation over worker classification rule
10 articles · Updated · InvestmentNews · May 7
A report says 65% are weighing moves, with lawyer Jay Dubow warning a six-month reporting schedule could be burdensome for financial advisers in the state.
The ABC test for worker classification could reshape New Jersey's advice landscape by increasing compliance pressures and potentially prompting firms and advisers to leave.
The report also highlighted wider industry shifts, including expansion by Wealth Enhancement and Savant in Oregon, adviser recruiting moves, and Raymond James training advisers in AI.
If Warren Buffett’s philosophy is to ignore market noise, why are advisors now urged to communicate more?
When markets fall, does an advisor’s proactive call risk creating more anxiety than it actually relieves?
As AI masters personalized communication, what is the future of human empathy and trust in financial advice?