Janney and Ameriprise snapped up seven advisors, six of whom came at Merrill Lynch's expense.
Janney scored five new advisors. The regional broker-dealer picked up advisor Mark Willoughby from Hillard Lyons who will operate out of the Franklin, Tennessee office. It also brought in MCH Wealth Management, the second team to join in Delaware after leaving Merrill following the hiring of the $350 million
The MCH team is comprised of Steven Cooper, Trey Hastings, Ronald Miller, Oliver Beck and private client associate Paula Sellers.
Longtime wirehouse veterans, Cooper and Hastings have 19 years of experience at Morgan Stanley and Merrill, according to FINRA BrokerCheck records. Beck and Miller spent the entirety of their careers at Merrill — three and 12 years respectively — before making the move.
Willoughby is the 10th advisor to join Janney's Franklin office since it opened in 2017.
Combined, Willoughby and MCH Wealth Management oversaw approximately $270 million in client assets.
A spokesperson from Hillard Lyons wasn’t available for comment on Willoughby's move.
Also joining Janney in North Carolina is William Sewell, previously from BB&T Securities, who will be working to expand the firm’s team in Raleigh as complex manager.
Merrill also lost two more advisors to Ameriprise. Ryan Bouchard and registered client service associate Jennifer Bevins are joining the firm in Portsmouth, New Hampshire. Advisor Kenneth Schaefer will operate out of the firm's office in Center Valley, Pennsylvania.
The Bouchard Wealth Management team serves families with over $1 million in investments, as well as business owners, senior executives and entrepreneurs, according to a press release. A primary focus of Shaefer’s practice is serving the LGBTQ market.
Bouchard left Merrill earlier this month after 11 years, according to FINRA BrokerCheck records. Schaefer worked at the wirehouse for 22 years.
The two teams managed approximately $202 million client assets.
A spokeswoman from Merrill Lynch wasn’t available for comment.
