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Merrill Advisors Leave for Janney, Ameriprise

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Janney Montgomery Scott has added two teams of financial advisors from Merrill Lynch in Delaware with $570 million in combined assets, while Ameriprise Financial just picked up two ex-Merrill registered reps in New Hampshire and Pennsylvania with a total of $202 million in client assets.  

MCH Wealth Management recently came to Janney in Lewes, Delaware, where it has worked with $220 million in client assets. The advisors on the team are Steven Cooper, Trey Hastings, Ronald Miller and Oliver Beck.

“Our team prides itself on providing every client with personalized service and building strong, trust-based relationships with the people we serve,” said Cooper in a statement. “We are thrilled to join a firm with values that match our own and a platform that enables us to best support our clients.”

Cooper, a certified financial planner, has over 20 years of experience, including 11 at Merrill Lynch and nine at Morgan Stanley.

The Gansler Group joined Janney earlier in June in Greenville, Delaware. Its advisors are Steve Gansler Jr., Colin P. Burke, Gregory R. Powell and Michael J. Johnson, who have worked with about $350 million in total client assets.

“Since inception, excellent service has been the cornerstone of our model. Our guiding focus is to fully understand each client’s particular needs, concerns and priorities,” Gansler said in a statement. “Janney’s reputation, stability and responsiveness to client needs is a platform that enables us to best support our clients and continue the growth of our practice.”

Gansler started in the business about 18 years ago and worked at Merrill, where he started out as an advisor, for the past nine years. Burke has more than 10 years of industry experience, while Powell has about 35.

Also coming on board Janney this month are two advisors who used to be with Wells Fargo: Brett Vetensky in Garden City, New York, and Kenneth Wapnitsky in Fairfield, Connecticut.

In addition, Mark Willoughby in Franklin, Tennessee, who was formerly with Hilliard Lyons and worked with nearly $50 million in assets; and William Sewell, now a complex manager in Raleigh, North Carolina who used to be with BB&T Securities, moved to Janney in June.

Ameriprise Adds Advisors

Ryan Bouchard of Portsmouth, New Hampshire, joined the employee channel from Merrill Lynch, where he spent the past 11 years. His team does business as Bouchard Wealth Management and works with about $120 million in assets.

“There’s never a good time [to move] -transitioning firms is a big undertaking – so if we waited for a ‘good time’ we would have never made the change,” according to Bouchard.

“We decided to move to Ameriprise now because there was a lot of upside for our team. We’ve gained serious capacity to better serve our clients and prospective clients, and I now have more time to direct my expertise where it’s needed most,” he added.

Kenneth Schaefer, CFP, of Center Valley, Pennsylvania moved to Ameriprise’s employee channel from Merrill Lynch, where he worked for the past 21 years. Schaefer has some $82 million in assets under management and primarily serves the LGBTQ market.

“As a CFP, I look forward to implementing Ameriprise’s exceptional planning tools to continue helping my clients plan for their goals,” Schaefer said in a statement.


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