UBS continues shedding advisors to rivals, most recently losing two large teams to Raymond James and JPMorgan.

In Birmingham, Mich., John Schindler, Jeffrey Davies, Scott Bennett, Chuck Phillipson, Christian Allen and Austin Farah have joined Raymond James & Associates, the firm’s traditional employee broker-dealer, the company says in a press release.

The advisors, along with several client associates, operate as Peninsula Wealth Management of Raymond James, serving high net worth investors, business owners, corporate executives and physicians, according to the press release. The team previously oversaw $738 million at UBS, Raymond James says.

“In evaluating a potential move, we looked at several options for our clients and our business, and during our home office visit, it became evident that the culture and support at Raymond James are unparalleled,” Schindler, who’s been in the financial services industry for 24 years, says in the press release. “In addition to offering a robust product selection, the firm’s technology is impressive. The technology is seamless and integrated, enables us to easily run and optimize our business, and effectively allows us more time to spend with our clients.”

In addition, earlier this month UBS lost David Kritzer and Christopher Castellaw, along with three client associates, to JPMorgan in Atlanta, according to AdvisorHub. Both advisors have been in the financial services industry since the ’90s and generate somewhere between $3.5 million, according to UBS sources, and $4.2 million in client revenue, according to sources at JPMorgan, the industry news website writes. Kritzer declined comment to AdvisorHub.

UBS has lost several advisors since the start of the year to Stifel, Ameriprise and First Republic overseeing more than $1 billion.

Its advisor ranks shrank by around 285 to 6,320 last year, according to information from several sources who spoke to AdvisorHub. Nonetheless, the firm also appears to have overcome its aversion to aggressive recruiting it signaled in 2016 by cutting its recruiting budget, the industry news website writes.

Michael McVicker, UBS’s head of business and change management, wrote in a Feb. 15 memo cited by AdvisorHub about “recent recruiting successes.” This includes the addition of Craig Lewis and Robert Ryan in Boston, who previously oversaw $530 million at Morgan Stanley, Todd Iacovelli in Honolulu, who previously managed $84 million at Morgan Stanley, and John Searing and Tom Dickson in Norfolk, Va., who managed $200 million at Merrill Lynch, McVicker wrote, according to the website.