AdvisorCensus / Financial advisors / District of Columbia / Washington / FBB Capital Partners
FBB Capital Partners
Filed as FBB CAPITAL PARTNERS · Legal name Fulton Breakefield Broenniman,llc
FBB Capital Partners is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2000, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.
Quick answers
From the filingHow is FBB Capital Partners compensated?
On its Form ADV (Item 5.E, October 2026), FBB Capital Partners reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is FBB Capital Partners located?
FBB Capital Partners' principal office is in Bethesda, MD, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F).
Is FBB Capital Partners registered with the SEC or a state?
FBB Capital Partners is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 108967.
How much does FBB Capital Partners manage?
FBB Capital Partners reports $2,394,809,702 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary).
How have FBB Capital Partners' assets and staff changed since 2021?
In the Form ADV data for FBB Capital Partners: Regulatory assets under management: $1,418,000,000 in the October 2021 data and $2,394,809,702 in the October 2026 data, up 69%. Total employees: 17 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does FBB Capital Partners serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (988); high net worth individuals (16); charitable organizations (8).
Which custodians does FBB Capital Partners use?
FBB Capital Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does FBB Capital Partners report any disciplinary disclosures?
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/108967
What changed in FBB Capital Partners' recent Form ADV filings?
In the September 2026 filing data: Registered or notice-filed in CO.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 9, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$2,394,809,702 as of October 2026, filing dated August 13, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Legal name
- Fulton Breakefield Broenniman,llc
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (26 years)
- Employees
- Total: 21. Performing investment advisory functions: 15.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
3 other offices, as of the September 2026 filing
- States registered or notice-filed
-
24 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,394,809,702 | 21 | August 13, 2026 |
| October 2025 | $2,161,443,887 | 21 | June 10, 2025 |
| October 2024 | $1,867,509,000 | 21 | August 13, 2024 |
| October 2023 | $1,636,130,105 | 21 | September 7, 2023 |
| October 2022 | $1,806,000,000 | 19 | September 27, 2022 |
| October 2021 | $1,418,000,000 | 17 | May 21, 2021 |
Regulatory assets under management: $1,418,000,000 in the October 2021 data and $2,394,809,702 in the October 2026 data, up 69%.
Total employees: 17 in October 2021 and 21 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Registered or notice-filed in CO.
- April 2026
- Employees performing advisory functions went from 14 to 15.
- Regulatory assets under management went from $2,161,443,887 to $2,394,809,702 (+11%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. FBB Capital Partners (CRD 108967): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fbb-capital-partners-bethesda-md-108967