National IFA Towry has announced "record" profits for 2011, after poor performance in 2010.
Restrictive covenants in advisers' employment contracts will continue to be enforced despite Towry's High Court loss, according to the law firm that represented Raymond James.
Towry has announced its chairman Glyn Jones will be stepping down with immediate effect.
Two of the seven Raymond James advisers yesterday cleared of soliciting rival Towry's clients have reiterated claims the company acquired their previous employer, Edward Jones, mainly to "churn" customers into its in-house investment management service....
A judge has branded Towry CEO Andrew Fisher as "unnecessarily argumentative" and criticised his abrasive and confrontational style.
The two-year legal battle between Towry and seven Raymond James advisers ended yesterday with the judge criticising Towry's "unreasonable" behaviour during the trial.
Towry underestimated the strength of the relationship between seven former Edward Jones advisers and the clients it accused them of poaching.