Ameriprise continues picking off financial advisors from wirehouses, most recently adding two representatives from Merrill Lynch, Ameriprise says.

Financial advisor Ryan Bouchard and registered client service associate Jennifer Bevins join Ameriprise’s employee channel in Portsmouth, N.H., as Bouchard Wealth Management, according to a press release from Ameriprise. The team previously managed $120 million at Merrill Lynch, Ameriprise says.

"We wanted to be part of a firm where financial planning and personal wealth management are the focus,” Bouchard says in the press release. “We liked Ameriprise because these items are their number one priority.”

Meanwhile, financial advisor Ken Schaefer has joined Ameriprise’s employee channel in Center Valley, Pa., the company says.

He previously managed $82 million at Merrill Lynch, according to Ameriprise.

Merrill Lynch is only one of the wirehouse to shed advisors to Ameriprise in recent weeks. Earlier this month, Ameriprise poached several advisors from Morgan Stanley and Wells Fargo who collectively managed $584 million.

In May, Ameriprise nabbed several more Morgan Stanley and Wells Fargo advisors who collectively managed at least $1 billion. However, that month Ameriprise also lost a veteran advisor who oversaw $275 million to independence.

Merrill Lynch, meanwhile, also lost four financial advisors to Janney Montgomery Scott last week, Janney says. Steven Cooper, Trey Hastings, Ronald Miller and Oliver Beck, along with private client associate Paula Sellers, join Janney in Lewes, Del., as MCH Wealth Management, according to a press release from Janney.

In addition, Raymond James picked up a trio of Merrill Lynch advisors in Sandusky, Ohio, Raymond James says. Dustin Ness, Chris Nuetzel and Keith Sweigert have joined Raymond James Financial Services, the firm’s independent broker-dealer, as Waterstreet Financial, according to a press release from Raymond James.

The team previously managed around $300 million at Merrill Lynch, Raymond James says.

Ken Schaefer

Merrill Lynch also lost two teams of advisors collectively managing $530 million to independence. In Raleigh, N.C., Clay Jackson, Chris Hill and Ben Fish — who were previously registered with Merrill Lynch, according to BrokerCheck — have launched the RIA Jackson Hill & Fish, through Sanctuary Wealth’s network of financial advice practices, Sanctuary says in a press release.

The team previously oversaw $220 million, according to Sanctuary. And in Nashville, Tenn., J. Patrick Poling, Jonathan Trusty and Ann Hollis-Young —who were also previously with Merrill Lynch, according to BrokerCheck — have launched Southern Oak Wealth, Sanctuary says. The team previously managed $310 million, according to the press release. Earlier this month, two more Merrill Lynch teams went independent through Sanctuary’s network.