Merrill Lynch advisors with $300 million in client assets have gone over to the independent side of Raymond James, the firm said.

Peter Loncar and Brent Stein had $2 million in annual revenue before leaving the wirehouse, according to Raymond James. Both, operating as Rivertowne Advisors, are based in Beaver, Pa., just northwest of Pittsburgh. Their practice will focus on retirement planning, both for individual clients and for businesses.

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