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.

Loncar had spent 25 years at Merrill, according to FINRA BrokerCheck records. Stein joined the wirehouse in 2007, and teamed up with Loncar the following year.

Tom Harrington, northeast regional director for Raymond James Financial Services, called the advisors “an experienced team that is both deeply rooted in the Pennsylvania-Ohio-West Virginia area and in tune with the needs of clients in that important market.”

Also making the move are client services assistants Janice Bobich, Rachel Novalesi and Heather Tollis.

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