{
  "crd_number": 168345,
  "slug": "armstrong-dixon-baltimore-md-168345",
  "primary_business_name": "ARMSTRONG DIXON",
  "legal_name": "ADE, LLC",
  "dbas": [],
  "city": "Baltimore",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "12580",
  "metro": {
    "cbsa_code": "12580",
    "common_name": "Baltimore",
    "msa_name": "Baltimore-Columbia-Towson, MD",
    "path": "/advisors/md/baltimore"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-09-08",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-06-25",
  "carried_forward": false,
  "raum_total": 447507954.0,
  "raum_discretionary": 446447189.0,
  "raum_non_discretionary": 1060765.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1122183.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 38812858.0,
      "count": 132
    },
    "pension_profit_sharing": {
      "raum": 834422.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 404356076.0,
      "count": 158
    },
    "corporations_other_businesses": {
      "raum": 2382415.0,
      "count": 4,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "DE",
    "FL",
    "MD",
    "NC",
    "NY",
    "OR",
    "PA",
    "SC",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://armstrongdixon.com",
    "https://facebook.com/ARMSTRONG-DIXON-199496843558567",
    "https://instagram.com/armstrongdixon1",
    "https://linkedin.com/COMPANY/ARMSTRONG-AND-DIXON",
    "https://youtube.com/channel/UCRz2RcWkxOL9iKnd1-WcuPA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168345",
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/armstrong-dixon-baltimore-md-168345",
  "display_name": "Armstrong Dixon",
  "summary": "Armstrong Dixon is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 25, 2026.",
  "citation": "AdvisorCensus. Armstrong Dixon (CRD 168345): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Armstrong Dixon compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Armstrong Dixon reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Armstrong Dixon located?",
      "a": "Armstrong Dixon's principal office is in Baltimore, MD, according to its Form ADV."
    },
    {
      "q": "Is Armstrong Dixon registered with the SEC or a state?",
      "a": "Armstrong Dixon is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 168345."
    },
    {
      "q": "How much does Armstrong Dixon manage?",
      "a": "Armstrong Dixon reports $447,507,954 in regulatory assets under management in its Form ADV filing dated June 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Armstrong Dixon's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Armstrong Dixon: Regulatory assets under management: $284,115,364 in the October 2021 data and $447,507,954 in the October 2026 data, up 58%. Total employees: 6 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Armstrong Dixon serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (158); individuals (other than high net worth individuals) (132); corporations or other businesses not listed above (4)."
    },
    {
      "q": "Which custodians does Armstrong Dixon use?",
      "a": "Armstrong Dixon's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Armstrong Dixon report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168345"
    },
    {
      "q": "What changed in Armstrong Dixon's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in DE, OR."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 284115364.0,
      "total_employees": 6,
      "filing_date": "2021-09-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 275603478.0,
      "total_employees": 6,
      "filing_date": "2022-07-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 271960031.0,
      "total_employees": 6,
      "filing_date": "2023-04-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 312066617.0,
      "total_employees": 6,
      "filing_date": "2024-09-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 350513365.0,
      "total_employees": 9,
      "filing_date": "2025-03-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 447507954.0,
      "total_employees": 9,
      "filing_date": "2026-06-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in DE, OR."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $350,513,365 to $447,507,954 (+28%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in DE."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in WV."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/armstrong-dixon-baltimore-md-168345.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 132,
      "fewer_than_5": false,
      "raum": 38812858.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 158,
      "fewer_than_5": false,
      "raum": 404356076.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 834422.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1122183.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": true,
      "raum": 2382415.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168345",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}