A pair of Merrill Lynch financial advisors have left the firm to start their own independent wealth management practice.

Advisors Danny Allizadeh and Cary Marger, along with client relationship managers Jessica Colón and Debra Allizadeh, have launched Position Wealth in Woodlands, Texas, partnering with TruClarity Wealth Advisors for investment and operational support, Position Wealth says in a press release.

The team previously managed more than $135 million at Merrill Lynch, where they had all met, according to Position.

"Position Wealth was born out of the responsibility we feel for clients, community and colleagues,” Danny Allizadeh says in the press release. “Doing what is best for clients is our only priority and our move to independence allows us to elevate all aspects of a client’s financial life.”

Allizadeh joined the financial services industry in 1999 and came to Merrill Lynch in 2010, according to his BrokerCheck profile.

Marger started his industry career in 2010 at AXA Advisors and joined Merrill Lynch the same year, according to BrokerCheck.

Merrill Lynch has lost several advisors in recent weeks.

(Getty)

In September, a four-advisor team managing around $675 million left for Ameriprise, a $700 million team reportedly moved to Rockefeller Capital Management, a top producer left for Morgan Stanley and several veteran brokers jumped ship to UBS and RBC Wealth Management.

This summer, meanwhile, a trio of Morgan Stanley brokers also launched their own RIA that aligned with TruClarity.