September 5, 2023
By Karmen Alexander
The steady stream of brokers out of Merrill Lynch continues as two teams who oversaw $558 million combined in assets have joined Raymond James Financial and LPL Financial in Florida and Texas, respectively.
In the larger of the moves, David B. Ammerman on Friday affiliated with Raymond James’ independent Financial Services division in Ponte Vedra, Florida, according to BrokerCheck records. He had overseen $353 million in client assets, according to a Forbes ranking which listed him as #37 on its best-in-state wealth advisors list this year.
He moved along with client associate Sara E. Graham, according to registration records.
Ammerman’s former Merrill team had another broker, Anthony V. Zanaglio, who remains with the thundering herd, according to his BrokerCheck profile and former company website. Zanaglio, who has nine years of experience, did not respond to a call for comment.
A spokesperson for Raymond James did not respond to a request for comment on the hire.
Ammerman started his career at discount brokerage Olde Discount Corp. in 1993 and joined Merrill in 1998 by way of its Banc of America predecessor, according to his BrokerCheck profile.