{ "crd_number": 319, "slug": "folger-nolan-fleming-douglas-incorporated-washington-dc-319", "primary_business_name": "FOLGER NOLAN FLEMING DOUGLAS INCORPORATED", "legal_name": "FOLGER NOLAN FLEMING DOUGLAS INCORPORATED", "dbas": [], "city": "Washington", "state": "DC", "country": "United States", "cbsa_code": "47900", "metro": { "cbsa_code": "47900", "common_name": "Washington", "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV", "path": "/advisors/dc/washington" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2007-04-24", "years_registered": 19, "period": "2026-10-01", "filing_date": "2026-03-27", "carried_forward": false, "raum_total": 797351870.0, "raum_discretionary": 33635241.0, "raum_non_discretionary": 763716629.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 44, "advisory_employees": 22, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 321636.0, "count": 1, "description": "INVESTMENT CLUB", "fewer_than_5": true }, "charitable": { "raum": 7658640.0, "count": 4, "fewer_than_5": true }, "individuals": { "raum": 71449554.0, "count": 215 }, "banking_thrift": { "raum": null, "count": 0 }, "state_municipal": { "raum": null, "count": 0 }, "insurance_companies": { "raum": null, "count": 0 }, "investment_companies": { "raum": null, "count": 0 }, "other_investment_advisers": { "raum": null, "count": 0 }, "high_net_worth_individuals": { "raum": 717922040.0, "count": 42 }, "pooled_investment_vehicles": { "raum": null, "count": 0 }, "corporations_other_businesses": { "raum": null, "count": 0 }, "business_development_companies": { "raum": null, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": null, "count": 0 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "other", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 4, "states_registered": [ "CA", "DC", "DE", "GA", "MD", "NC", "VA" ], "websites": [ "https://fnfd.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/319", "disclosure_items": [ { "item": "11.C(2)", "question": "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?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "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?" }, { "item": "11.E(2)", "question": "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?" } ], "city_as_filed": "WASHINGTON", "url": "https://advisorcensus.com/firm/folger-nolan-fleming-douglas-incorporated-washington-dc-319", "display_name": "Folger Nolan Fleming Douglas Incorporated", "summary": "Folger Nolan Fleming Douglas Incorporated is an SEC-registered investment advisory firm in Washington, DC, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.", "citation": "AdvisorCensus. Folger Nolan Fleming Douglas Incorporated (CRD 319): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)", "Other" ], "quick_answers": [ { "q": "How is Folger Nolan Fleming Douglas Incorporated compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Folger Nolan Fleming Douglas Incorporated reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Folger Nolan Fleming Douglas Incorporated located?", "a": "Folger Nolan Fleming Douglas Incorporated's principal office is in Washington, DC, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Folger Nolan Fleming Douglas Incorporated registered with the SEC or a state?", "a": "Folger Nolan Fleming Douglas Incorporated is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 319." }, { "q": "How much does Folger Nolan Fleming Douglas Incorporated manage?", "a": "Folger Nolan Fleming Douglas Incorporated reports $797,351,870 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (4% discretionary)." }, { "q": "How have Folger Nolan Fleming Douglas Incorporated's assets and staff changed since 2021?", "a": "In the Form ADV data for Folger Nolan Fleming Douglas Incorporated: Regulatory assets under management: $1,000,005,611 in the October 2021 data and $797,351,870 in the October 2026 data, down 20%. Total employees: 40 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Folger Nolan Fleming Douglas Incorporated serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (215); high net worth individuals (42); charitable organizations (4)." }, { "q": "Which custodians does Folger Nolan Fleming Douglas Incorporated use?", "a": "Folger Nolan Fleming Douglas Incorporated'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." }, { "q": "Does Folger Nolan Fleming Douglas Incorporated report any disciplinary disclosures?", "a": "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/319" }, { "q": "What changed in Folger Nolan Fleming Douglas Incorporated's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 25 to 22." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1000005611.0, "total_employees": 40, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1036201632.0, "total_employees": 50, "filing_date": "2022-06-15" }, { "period": "2023-10-01", "regulatory_assets_under_management": 972056472.0, "total_employees": 54, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1023458738.0, "total_employees": 52, "filing_date": "2024-09-03" }, { "period": "2025-10-01", "regulatory_assets_under_management": 857718871.0, "total_employees": 50, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 797351870.0, "total_employees": 44, "filing_date": "2026-03-27" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 25 to 22." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Pershing LLC", "name_as_filed": "PERSHING 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/folger-nolan-fleming-douglas-incorporated-washington-dc-319.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 215, "fewer_than_5": false, "raum": 71449554.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 42, "fewer_than_5": false, "raum": 717922040.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "investment_companies", "label": "Investment companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "charitable", "label": "Charitable organizations", "count": 4, "fewer_than_5": true, "raum": 7658640.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "insurance_companies", "label": "Insurance companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "other", "label": "Other", "count": 1, "fewer_than_5": true, "raum": 321636.0 } ], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "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/319", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }