A.G. Edwards Posts Solid Earnings

The St. Louis-based brokerage continues to pick up more client assets and add branches, as demonstrated in its latest quarterly results. Its advisor headcount — though fairly steady at about 6,840 — remains down from nearly 6,900 a year ago. The brokerage’s leadership, however, is convinced it can turn that situation around.

“Our third-quarter results maintained the trend of growing client interest in our fee-based programs and services, which have enhanced the value our financial consultants bring to their client relationships and have contributed to our improved performance,” says Chairman and CEO Robert L. Bagby.