David B. Armstrong, CFA
President & Co-Founder

Portfolio Manager, David Armstrong
“Change almost never fails because it’s too early, but because it may be too late.”Seth Godin

As the firm’s chief investment strategist and client portfolio manager, David B. Armstrong, CFA specializes in the arena of exchange traded funds and manages the main core equity portfolio strategy. Dave also conducts the firm’s economic analysis and provides strategic asset allocation advice for clients. Viewed as an industry leader in digital marketing and social media, David’s expertise is frequently sought after by journalists and event coordinators.

Prior to founding Monument Wealth Management, David was a portfolio manager with The Northrock Group, a Global Private Client Group of Merrill Lynch, headquartered in Washington, D.C. In this role, David was also responsible for running the new hire training program for Merrill Lynch’s second largest office. His approach centered on shifting advisor mindsets to focus on being practitioners rather than salespeople; under his direction the program achieved uncharted levels of success. David ranks his single greatest accomplishment as earning the title of United States Marine, followed closely by founding Monument Wealth Management.

Thought Leadership

  • Chartered Financial Analyst (CFA) charterholder

    Awarded designation of Chartered Financial Analyst by CFA Institute

  • Lieutenant Colonel in the United States Marine Corps Reserves

    Served on Active Duty for seven years, and now in the reserves

  • Former Adjunct Professor

    Former Adjunct Professor at the American University Kogod School of Business MBA program

  • Former member of the Board of Advisors

    Former member of the Board of Advisors at the Moore School of Business at University of South Carolina

  • A Top 100 Independent Advisor in America

    Selected by Registered Rep. magazine (award based on assets under management, 2009 & 2010)

  • Goldman Sachs "10,000 Small Businesses" Scholar

    Participated in invite-only class for successful entrepreneurs around the country

  • #1 Top Ranked Barron's Speaker

    Ranked #1 Speaker by peers at Barron’s Top Advisory Teams Summit in 2015

  • Frequent Conference Speaker

    Speaker at various industry events, including those held by: Bloomberg, LPL Financial, Barron’s, Securities Industry and Financial Markets Association, Investment Management Consultants Association® and more.

  • U.S. News & World Report Contributor

    Contributor to U.S. News & World Report‘s column, “The Smarter Investor”

  • Featured in the Press

    Interviewed by, and published in, numerous personal finance and industry publications, including:The New York Times, The Wall Street Journal, The Washington Post, CNBC.com, Financial Advisor, Research Magazine, Financial Planning, Kiplinger’s Personal Finance, Bloomberg Radio, Washingtonian and Washington Business Journal

Professional History & Education

  • Portfolio Manager and Vice President, The Northrock Group, Merrill Lynch, 2002-2008

  • Portfolio Manager, Credit Suisse First Boston, 2001-2002

  • Associate, Private Banking, Donaldson Lufkin & Jenrette, 1999-2001

  • Lieutenant Colonel, United States Marine Corps, 1990-present (active duty 1990-1997)

  • Master of Business Administration degree from University of South Carolina

  • Bachelor of Arts degree from University of South Carolina


  • United States Marine Corps

    Served on Active Duty for seven years in the United States Marine Corps as an Artillery Officer, Jumpmaster and Pathfinder with several deployments to the Middle East and a combat deployment to Mogadishu, Somalia

  • Hobbies include boating, triathlon competition, biking, running and golf

  • Animal rescue advocate

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