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Merrill team managing $160 million joins Raymond James

Merrill Raymond

Abbie Osterbur and Niralee Patel are joining the firm’s employee adviser channel in Champaign, Illinois.

Abbie Osterbur and Niralee Patel, who managed $160 million at Merrill Lynch, have moved to Raymond James & Associates, the employee adviser channel of Raymond James, the firm announced Tuesday.

They are joined in the move by a staffer and will do business as Osterbur Patel Wealth Management in Champaign, Illinois.

“We were attracted to Raymond James because of the firm’s client-first mentality and planning-centric approach to wealth management,” Osterbur said in a statement. “The promise of autonomy to run our practice as we see fit was also a big draw.”

Osterbur began her career at Merrill Lynch in 2012. Patel joined Merrill Lynch in 2013 and had been an adviser there since 2014.

[More: Raymond James launches professional network for veterans]

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