Morgan Stanley appears to have staved off an exodus of high-producing brokers from its global wealth management group in the third quarter despite reports of deep discontent over a troublesome computer-system conversion.

The number of advisers at Morgan Stanley Wealth Management did decline to 16,829 as of September 30, down a net 105 from the end of the prior quarter. But average productivity among its ranks, reported in annualised revenue per adviser, rose to $790,000, a 2% increase from the previous quarter.