The state’s firebrand Bureau of Securities says it owes New Jersey investors a higher standard.
Brokers and other advisors would be required to act as fiduciaries under a rule that may be enforced as early as July.
Facet Wealth, founded in 2016, adds new hire to advance its growth strategy.
Woodbridge's owner and former directors of investment are facing criminal and civil charges for the alleged scam.
Investors are more willing to pay such fees, but they demand good value, according to Cerulli Associates.