Based in Alexandria, Virginia, the Monument team will be independent advisors within LPL Financial, an independent broker/dealer that supports 11,000 financial advisors across the US.

Bill Dwyer, president of LPL Financial Independent Advisor Services, said: "We are extremely pleased that this established and well-respected team chose to contribute their talent and integrity to the LPL Financial family."

The Monument team was most recently with Merrill Lynch in Washington DC where they served respectively as advisors, financial planners and portfolio managers to high net worth clients and their families, corporate executives of both publicly traded and privately held companies and small business owners.

The founding partners of Monument are David Armstrong, Dean Catino, Timothy Lee and Timothy McKey, all managing directors.

They will be targeting clients with a minimum of $1 million in investable assets.