{ "crd_number": 105417, "slug": "montgomery-investment-management-inc-rockville-md-105417", "primary_business_name": "MONTGOMERY INVESTMENT MANAGEMENT INC", "legal_name": "MONTGOMERY INVESTMENT MANAGEMENT INC", "dbas": [], "city": "Rockville", "state": "MD", "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": "1987-08-06", "years_registered": 39, "period": "2026-10-01", "filing_date": "2026-02-20", "carried_forward": false, "raum_total": 489951330.0, "raum_discretionary": 311388825.0, "raum_non_discretionary": 178562505.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 3, "advisory_employees": 2, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 2305156.0, "count": 1, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 487646174.0, "count": 107 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "FL", "MD", "NC", "VA" ], "websites": [ "https://miminvest.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105417", "city_as_filed": "ROCKVILLE", "url": "https://advisorcensus.com/firm/montgomery-investment-management-inc-rockville-md-105417", "display_name": "Montgomery Investment Management Inc", "summary": "Montgomery Investment Management Inc is an SEC-registered investment advisory firm in Rockville, MD, registered since 1987, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 20, 2026.", "citation": "AdvisorCensus. Montgomery Investment Management Inc (CRD 105417): 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" ], "quick_answers": [ { "q": "How is Montgomery Investment Management Inc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Montgomery Investment Management Inc reports these compensation arrangements: a percentage of assets under its management." }, { "q": "Where is Montgomery Investment Management Inc located?", "a": "Montgomery Investment Management Inc's principal office is in Rockville, MD, according to its Form ADV." }, { "q": "Is Montgomery Investment Management Inc registered with the SEC or a state?", "a": "Montgomery Investment Management Inc is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 105417." }, { "q": "How much does Montgomery Investment Management Inc manage?", "a": "Montgomery Investment Management Inc reports $489,951,330 in regulatory assets under management in its Form ADV filing dated February 20, 2026 (64% discretionary)." }, { "q": "How have Montgomery Investment Management Inc's assets and staff changed since 2021?", "a": "In the Form ADV data for Montgomery Investment Management Inc: Regulatory assets under management: $253,519,748 in the October 2021 data and $489,951,330 in the October 2026 data, up 93%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Montgomery Investment Management Inc serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (107); charitable organizations (1)." }, { "q": "Which custodians does Montgomery Investment Management Inc use?", "a": "Montgomery Investment Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America Trust Operations and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Montgomery Investment Management Inc 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/105417" }, { "q": "Does Montgomery Investment Management Inc state an account minimum?", "a": "Its Form ADV Part 2A brochure dated February 20, 2026 says: \"Montgomery Investment has an initial account requirement of $ 300,000.00, noting some related accounts may be linked for determining the dollar value of assets.\"" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 253519748.0, "total_employees": 4, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 335071768.0, "total_employees": 4, "filing_date": "2022-03-23" }, { "period": "2023-10-01", "regulatory_assets_under_management": 340480228.0, "total_employees": 3, "filing_date": "2023-08-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 364207038.0, "total_employees": 3, "filing_date": "2024-02-20" }, { "period": "2025-10-01", "regulatory_assets_under_management": 451205884.0, "total_employees": 3, "filing_date": "2025-02-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 489951330.0, "total_employees": 3, "filing_date": "2026-02-20" } ], "recent_changes": [], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated February 20, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$300,000", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $300,000" ], "quotes": [ "Montgomery Investment has an initial account requirement of $ 300,000.00, noting some related accounts may be linked for determining the dollar value of assets." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 300000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Montgomery Investment has an initial account requirement of $ 300,000.00, noting some related accounts may be linked for determining the dollar value of assets." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Bank of America Trust Operations", "name_as_filed": "BANK OF AMERICA TRUST OPERATIONS", "affiliated": false }, { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "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/montgomery-investment-management-inc-rockville-md-105417.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 107, "fewer_than_5": false, "raum": 487646174.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 1, "fewer_than_5": true, "raum": 2305156.0 } ], "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/105417", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }