A group of veteran Morgan Stanley financial advisors with about $650 million in assets has gone independent and formed its own registered investment advisory firm.

The former 360 Group is now doing business as Opal Wealth Advisors in Jericho, New York (on Long Island). It includes Lee A. Korn; Jesse Giordano, CFP; Joseph N Filosa, CFP; and five other professionals.

“Having the freedom and flexibility that comes from being truly independent allows us to offer what we believe to be the best products, providers and solutions to our clients,” according to Korn. From custodial services to cutting-edge technology to independent research, Opal Wealth Advisors has access to what we believe is the best of Wall Street.”

Opal Wealth’s advisors spent the past nine years at Morgan Stanley. They now trade securities through Purshe Kaplan Sterling Investments, also of Jericho.

The team has worked with business-owner clients for many years and, in addition to financial planning, offers business consulting programs.

“We know that for business owners, often their most valuable asset is their business …,” said Giordano, in a statement. “It’s our job to provide them with all the resources, knowledge and vision to help them build and grow this important asset, not just in the year ahead, but for five, 10 or 15 years down the road.”