LPL Financial says it has recruited a Morgan Stanley vet with roughly $200 million in brokerage and retirement plan assets to its broker-dealer, corporate registered investment advisor and custodial platforms.

Douglas Chin, based in Red Bank, New Jersey, is affiliating with Gladstone Wealth Partners, on LPL’s hybrid RIA platform, the firm said. He is joined by Carolyn Anderson, a registered administrative assistant.

“Every business decision I make is in my clients’ best interests, and the independence I will get with LPL, coupled with the additional resources from the partnership with Gladstone, is just what I need to further act on that principle,” Chin said in a statement. “I have the optimal freedom to manage and advance my practice, with no worries about having to hit quotas.”

“I incorporate the ‘mom rule’ in my business philosophy, treating clients with the same respect I give my own mother,” Chin added.

In particular, he noted LPL’s varied technology offerings.

Chester, N.J.-based Gladstone specializes in supporting breakaways transition to independence, according to its website. The firm has about 65 employees and manages roughly $1.5 billion, according its most recent Form ADV.

Chin joined Morgan Stanley in 2012, according to BrokerCheck records. Before that, he spent more than two decades at Merrill Lynch, where he first started in 1983. He left Merrill for about three years between 1988 and 1991, during which time he worked at Prudential, BrokerCheck shows.

Chin is also a retired Navy captain, LPL noted, serving more than 30 years on active duty and in reserves and commanding three major units. He was also the investment committee chairman for the nonprofit Navy Supply Corps Foundation from 1995 to 2008, the firm added.

Anderson joined Morgan Stanley in 2009 after starting at Merrill in 1999 and spending time at Citigroup, UBS Financial Services and elsewhere, according to BrokerCheck.