Industry veteran Mark Elston and his three-strong team are joining Reno, NV-based Legacy Wealth Planning, a group of independent financial advisors that are affiliated with broker-dealer LPL Financial.

Elston has been in the securities industry since 1980. According to a statement, he and his new team plan to maintain over $185 million in client assets as they move to an independent business model, via which they will manage the assets of about 1,100 clients throughout the Reno-Sparks area.

"As an independent financial advisor, I have created a home where I have the ability to shape my own business culture and to serve my clients without any conflicts of interest," Elston said.

Elston's new team is made up of Dave Quinn, Jim Elston and Tiffany Del Santo.