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Edward Jones loses $185 million team to Ameriprise

Paul Orlando, Derek Busby join franchise channel in Idaho.

A two-person team that managed $185 million in assets at Edward Jones in Meridian, Idaho, has joined the franchise channel of Ameriprise Financial Inc.

Paul Orlando and Derek Busby will operate under the name of Granite Financial Management, according to a release from Ameriprise.

Mr. Orlando began his securities career in 2007 at Edward Jones; Mr. Busby started his career at the firm in 2009.

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