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Former Merrill Lynch adviser joins Steward Partners

Steward Partners Global Advisory LLC said April 12 thatfinancial adviser Michael Sauerborn has joined as managing director andfounding partner.

Sauerborn will be based in the company's New York office. Hejoined Steward Partners from Merrill Lynch, where he managed more than $325million in client assets and generated about $1.4 million in annual revenue.

Washington, D.C.-based Steward Partners Global Advisory isan employee-owned, full-service partnership associated with unitRaymond James Financial ServicesInc.