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David Armstrong

Monument Wealth Management
26 Years of Experience
Alexandria, VA
View SEC Summary
View SEC Summary

David Armstrong is a CFA-designated registered investment advisor at Monument Wealth Management, based in Alexandria, VA, with 26 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 239 clients with $650M in assets under management.

Monument Wealth Management
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
9 advisors
Number of Clients
239 clients
Average Client Portfolio
$2.7M average
Assets Under Management
$648.4M

Fee Structure

Minimum Investment:$3M
Planning is included in investment management
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

Fees are negotiable and generally range up to 1.50% based on asset amount, composition, and complexity. Accommodation accounts are charged a nominal annual fee of 0.08%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1940 Duke Street, Suite 6100, Alexandria, VA, 22314

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

David is a Director and Chair of the Investment Committee for a non-profit community foundation since 2019, dedicating minimal time. This activity is not investment-related.

Employment History
Current Registrations
Monument Wealth Management
February 2013 - Present · 13 yrs 8 mos
Previous Registrations
LPL Financial LLCBroker
May 2008 - December 2018 · 10 yrs 7 mos
LPL Financial LLC
May 2008 - February 2013 · 4 yrs 9 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
July 2002 - May 2008 · 5 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
May 2002 - May 2008 · 6 yrs
Donaldson, Lufkin & Jenrette Securities CorporationBroker
October 1999 - May 2002 · 2 yrs 7 mos
State Registrations3 states
MDTXVA
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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