Ex-Merrill Lynch advisors found LPL affiliated Monument Wealth Management. A group of former Merrill Lynch brokers have established a new firm in affiliation with LPL Financial's independent brokerage platform. Alexandria, Va.-based Monument Wealth Management will provide financial planning, investment advice and asset management to high-net-worth clients in and around Washington, D.C.

Old and new

"We look forward to continuing our long-standing relationships with current clients and getting to know new clients -- all of whom demand the highest standards of personalized client service, financial planning advice, portfolio construction and management, and accountability for investment success," says Monument managing director David Armstrong.

At Merrill, Armstrong and Monument managing director Timothy Lee were members of the Northrock Group, a Washington, D.C.-based team of Merrill's Global Private Client Group.

Managing directors Dean Catino, a former top producer for Merrill in Washington, D.C., and Timothy MicKey, a Merrill portfolio manager and veteran financial planner, round off Monument's senior staff.

Boston-, San Diego- and Charlotte, N.C.-based LPL and its affiliates provide technology, training and research to more than 11,600 financial advisors and 790 financial institutions. LPL Financial had $289 billion in assets under management at the end of May 2008. -FWR

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