Two former Merrill Lynch advisors with $1 million in annual client revenues have joined the employee side of Raymond James, a director at the firm said.

Jeffrey Tennyson and Thomas Phillips signed on with the regional broker-dealer, Jim Hamilton, the firm's South Atlantic regional director, said in a statement. Prior to the move, Tennyson and Phillips oversaw $136 million in client assets, according to Raymond James. Both operate as Tennyson Phillips Wealth Management of Raymond James, and are based in Albany, Ga.

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