* Morgan Stanley team had $138 mln in client assets
* Sun Group is affiliated with LPL Financial
NEW YORK, March 21 A team of Morgan Stanley
Smith Barney brokers with $138 million in client assets on
Monday launched an independent advisory firm, Sun Group Wealth
The team is led by founding partner Winifred "Winnie" Sun
and Brandon Chang, the director of investments. The new
boutique says it joined up with Stratos Wealth Partners, an
Ohio-based national advisory firm that is in turn affiliated
with independent-broker network LPL Financial (LPLA.O).
Sun and Chang left Morgan Stanley last week and set up
their new business in Irvine, California, on Monday, a
spokesman for Sun Group said.
According to Financial Industry Regulatory Authority
records, she had worked as a broker with Citigroup's (C.N)
Smith Barney starting in 1999. Smith Barney became part of
Morgan Stanley in a June 2009 merger.
(Reporting by Joseph A. Giannone; Editing by Richard