Two RIAs have each left Merrill Lynch to join the Ameriprise employee channel with a combined total of $202 million in client assets under management (AUM), according to a news release.
Ryan Bouchard, whose new title is private wealth advisor and managing director, will operate as Bouchard Wealth Management, located in Portsmouth, N.H. He brings about $120 million in AUM to Ameriprise. His branch manager is Anthony Zanetti.
Kenneth Schaefer, whose new title is financial advisor and vice president, brings about $82 million in AUM to Ameriprise. Schaefer primarily focuses on serving the financial needs of the LGBTQ market in Center Valley, Pa. His branch manager is Eric Carlson.
Ameriprise Financial, Inc. is a diversified financial services company headquartered in Minneapolis.