Three former Merrill Lynch advisors have joined two Janney Montgomery Scott advisors to create a new New York City advisory firm, Battery Park Financial Partners, Janney Montgomery Scott announced Friday.

The three advisors are Noah Doyle, Charles Princiotto and Sean Martin. They will join Janney advisors Stanley Hochhauser and Alice Coraggio to create the new firm that will start with $350 million in assets under management. The new firm is part of the Janney network of advisors.