SEC-registered wealth management firm Broker-dealer affiliated
Folger Nolan Fleming Douglas Incorporated
As of its Form ADV filed March 27, 2026, Folger Nolan Fleming Douglas Incorporated, an SEC-registered, broker-dealer affiliated wealth management firm in Washington, District of Columbia, reported $797.4 million in regulatory assets under management across 262 accounts, ranking #6 among all wealth firms in District of Columbia by assets.
Registration
- Main office
- Washington, DC
- Registration
- SEC-registered, Approved
- CRD number
- 319
- SEC file number
- 801-67696
- Registered since
- April 24, 2007
- Latest Form ADV filing
- March 27, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 2
Key figures
- Regulatory assets under management
- $797.4 million
- Discretionary
- $33.6 million (4.2%)
- Non-discretionary
- $763.7 million
- Accounts
- 262 (93 discretionary)
- Clients
- 524, approximate as reported
- Employees
- 44
- Advisory staff
- 22 performing investment advisory functions
- Average account
- $3.0 million
- Asset growth, 1 year
- -7.0% (from $857.7 million a year earlier)
- Asset growth, 3-year annual rate
- -6.4% (from $972.1 million three years earlier)
- Asset growth, 5-year annual rate
- -4.4% (from $1.0 billion five years earlier)
- Client growth, 1 year
- -44.3% (from 941)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
| Ranking | Nationally | In District of Columbia | Value |
|---|---|---|---|
| Largest wealth firms by assets under management, including broker-dealer firms | #1,910 | #6 | $797.4 million |
| Fastest-growing wealth firms over one year, including broker-dealer firms | #7,022 | #13 | -7.0%from $857.7 million |
| Fastest-growing wealth firms over three years, including broker-dealer firms | #5,827 | #11 | -6.4%from $972.1 million |
| Fastest-growing wealth firms over five years, including broker-dealer firms | #5,004 | #12 | -4.4%from $1.0 billion |
| Wealth firms with the most clients, including broker-dealer firms | #2,530 | #6 | 524 |
| Wealth firms with the fastest client growth over one year, including broker-dealer firms | #6,254 | #11 | -44.3%from 941 |
| Wealth firms with the most accounts, including broker-dealer firms | #7,987 | #13 | 262 |
| Wealth firms with the most advisory staff, including broker-dealer firms | #702 | #3 | 22 |
| Wealth firms with the most high net worth clients, including broker-dealer firms | #6,851 | #18 | 42 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $53.7 million |
| October 3, 2011 | $71.2 million |
| October 1, 2012 | $84.4 million |
| October 1, 2013 | $87.7 million |
| October 1, 2014 | $110.4 million |
| October 1, 2015 | $546.0 million |
| October 3, 2016 | $537.7 million |
| October 2, 2017 | $194.4 million |
| October 1, 2018 | $915.7 million |
| October 1, 2019 | $866.9 million |
| October 1, 2020 | $729.2 million |
| October 4, 2021 | $1.0 billion |
| October 3, 2022 | $1.0 billion |
| October 5, 2023 | $972.1 million |
| October 1, 2024 | $1.0 billion |
| September 2, 2025 | $857.7 million |
| October 2, 2026 | $797.4 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 42 clients | $717.9 million | |
| Individuals (other than high net worth) 215 clients | $71.4 million | |
| Charitable organizations fewer than 5 clients | $7.7 million | |
| Other fewer than 5 clients | $321,636 |
How the firm is paid
- A percentage of assets under management
Advisory services
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Other
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
Financial industry affiliations (Item 7.A)
- Other investment adviser
- Insurance company or agency
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 19
- Also registered through a broker-dealer
- 18
- Employees who are IARs (Form ADV 5.B(3))
- 22
Between 17 and 19 of the firm's 19 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 4 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in District of Columbia
| Firm | City | RAUM |
|---|---|---|
| Armstrong, Fleming & Moore, Inc. | Washington | $1.3 billion |
| Folger Nolan Fleming Douglas Capital Management, Inc. | Washington | $1.2 billion |
| Lynx Investment Advisory, LLC | Washington | $1.1 billion |
| Capital Investment Advisors | Washington D.C | $373.6 million |
| Bryspen, Incorporated | Washington | $329.3 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Folger Nolan Fleming Douglas Incorporated on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.fnfd.com
- Wealth management firms in District of Columbia
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.