# Folger Nolan Fleming Douglas Capital Management, Inc.

> Folger Nolan Fleming Douglas Capital Management, Inc. is an SEC-registered investment advisory firm in Washington, DC, registered since 1977, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 140444
- Filed as: FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Washington, DC
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/140444
- AdvisorCensus page: https://advisorcensus.com/firm/folger-nolan-fleming-douglas-capital-management-inc-washington-dc-140444

## Quick answers

**How is Folger Nolan Fleming Douglas Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Folger Nolan Fleming Douglas Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Folger Nolan Fleming Douglas Capital Management, Inc. located?**
Folger Nolan Fleming Douglas Capital Management, Inc.'s principal office is in Washington, DC, according to its Form ADV.

**Is Folger Nolan Fleming Douglas Capital Management, Inc. registered with the SEC or a state?**
Folger Nolan Fleming Douglas Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1977. Status as filed: Approved. CRD 140444.

**How much does Folger Nolan Fleming Douglas Capital Management, Inc. manage?**
Folger Nolan Fleming Douglas Capital Management, Inc. reports $1,212,124,375 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Folger Nolan Fleming Douglas Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Folger Nolan Fleming Douglas Capital Management, Inc.: Regulatory assets under management: $987,870,170 in the October 2021 data and $1,212,124,375 in the October 2026 data, up 23%. Total employees: 5 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Folger Nolan Fleming Douglas Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (341); individuals (other than high net worth individuals) (137); charitable organizations (8).

**Which custodians does Folger Nolan Fleming Douglas Capital Management, Inc. use?**
Folger Nolan Fleming Douglas Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Folger Nolan Fleming Douglas Capital Management, Inc. report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140444

**Does Folger Nolan Fleming Douglas Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated April 2, 2026 says: "CMI generally requires a minimum of $500,000 in assets for new accounts. This minimum account size may be waived under certain circumstances"

**What changed in Folger Nolan Fleming Douglas Capital Management, Inc.'s recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated April 2, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> CMI generally requires a minimum of $500,000 in assets for new accounts. This minimum account size may be waived under certain circumstances

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,212,124,375
- Discretionary: $1,212,124,375
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 137 | $32,858,782 |
| High net worth individuals | 341 | $1,162,521,615 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $1,201,736 |
| Charitable organizations | 8 | $15,425,230 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 1 | $117,012 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1977 (48 years)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, DC, FL, MA, MD, NY, VA
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140444

### Websites listed on Form ADV (Item 1.I)
- fnfd.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $987,870,170 | 5 | July 2, 2021 |
| October 2022 | $1,029,481,814 | 7 | March 26, 2022 |
| October 2023 | $1,074,933,742 | 7 | March 31, 2023 |
| October 2024 | $1,160,788,028 | 7 | April 25, 2024 |
| October 2025 | $1,198,451,314 | 7 | March 27, 2025 |
| October 2026 | $1,212,124,375 | 9 | April 2, 2026 |

Regulatory assets under management: $987,870,170 in the October 2021 data and $1,212,124,375 in the October 2026 data, up 23%.
Total employees: 5 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Folger Nolan Fleming Douglas Capital Management, Inc. (CRD 140444): Form ADV filing data as of October 2026.