Towry 'misjudged strength of advisers' relationship with clients'

Towry today lost its High Court case against seven former Edward Jones advisers and their new employer, Raymond James. It had accused them of breaking non-solicitation clauses in their contracts by contacting their former clients after Towry acquired Edward Jones in 2009. But the Honourable Mrs Justice Cox dismissed the claim by Towry. "Having regard to the whole evidence in this case, the allegations against Raymond James do not withstand scrutiny", the judgement reads. The judge remarked it was also evident Towry had no appreciation of, and paid scant regard to, the strength o...