St. Petersburg, Fla.-based Raymond James Financial Services has scored a $300 million duo of breakaway advisors from Merrill Lynch.

Peter Loncar and Brent Stein will operate as Rivertowne Advisors in Beaver, Pa. In 2014, while affiliated with Merrill Lynch, they brought in almost $2 million in annual revenue.

Raymond James now has approximately 6,600 advisors serving 2.7 million clients and managing approximately $480 billion in assets.