Folger Nolan Fleming Douglas Capital Management, Inc. (Washington)

Name: Folger Nolan Fleming Douglas Capital Management, Inc.
Address: 725 15 Th Street N.W., Washington, DC, 20005
Telephone: 202-626-5220

Folger Nolan Fleming Douglas Capital Management, Inc. is a large advisory firm based in Washington. It manages $812.02 million of regulatory assets for 358 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, District of Columbia, Florida, and 4 other states.

Folger Nolan Fleming Douglas Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Folger Nolan Fleming Douglas Capital Management: assets under management

The assets under management (AUM) of Folger Nolan Fleming Douglas Capital Management, Inc. is $812.02 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 137% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $812.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.27 million each.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is government bonds, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Folger Nolan Fleming Douglas Capital Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Folger Nolan Fleming Douglas Capital Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Folger Nolan Fleming Douglas Capital Management is high net worth individuals with 140 clients and $439.3 million of assets under management. Among the 10 most similar advisory firms, Folger Nolan Fleming Douglas Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $812.02 million for 358 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Folger Nolan Fleming Douglas Capital Management doesn't advise any private funds.

Careers at Folger Nolan Fleming Douglas Capital Management, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wallace Leslie Douglas	Senior vice president	1 Mar 1946	Other	71006
Robert Beale Leahy	Senior vice president, crop, srop	1 Jul 1962	Other	304594
Folger Associates Ltd Partnership	N/a	1 May 1984	75% - 100%	52-1349881
Richard Obrien	Senior vice president	1 Jun 1998	Other	350522
Joseph Anthony Jeziorski	Chief compliance officer, vice president	1 May 2004	Other	258678
Richard Steven Foster	Chief financial officer / chief operating officer / chief executive officer / president	1 Apr 2005	Other	1655391
Joseph Michael Urban	Chief compliance officer	1 Jan 2006	Other	1029625
Richard Steven Foster	President, chief executive officer, chief operating officer & treasurer	1 Jan 2006	Other	1655391
Lee Merritt Folger	Chairman of the board	1 Jan 2006	75% - 100%	210685
Inc. Folger Nolan Fleming Douglas Holdings	Direct owner	1 Jan 2006	75% - 100%	26-0875392
Robert Beale Leahy	Secretary, senior vice president	1 Jan 2006	Other	304594
Richard Obrien	Senior vice president	1 Jan 2006	Other	350522
Wallace Leslie Douglas	Senior vice president	1 Jan 2006	Other	71006
David Michael Brown	Senior vice president	1 Jan 2006	Other	2232750
Neil Clifford Folger	Senior vice president	1 Jan 2006	Other	2813165
Inc. Folger Nolan Fleming Douglas Capital Management	Direct owner	1 Jan 2006	75% - 100%	319
Neil Clifford Folger	Director, executive vice president	1 Nov 2012	Other	2813165
John Randall Current	Secretary, senior executive vice president and director	1 Jul 2013	Other	2020187

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lee Merritt Folger	Chairman of the board, shareholder	1 Sep 1959	Other	210685
John Dulin Folger	Shareholder	1 Jun 1975	Other	1545853
Lmf Holding Corporation	Shareholder	1 May 1984	Other	52-1349878
Folger Associates Ltd. Partnership	Shareholder	1 May 1984	75% - 100%	52-1349881
Lee Merritt Folger	Limited partner	1 May 1984	25% - 50%	210685
John Dulin Folger	Limited partner	1 May 1984	25% - 50%	1545853
Trust For John Dulin Folger	Limited partner	1 Feb 2003	Other	52-7251339
Lee Merritt Folger	Trustee	1 Feb 2003	Other	210685
Trust For John Dulin Folger 1990	Limited partner - ( owns 10% but less than 25%)	1 Feb 2003	Other	52-7251339
Folger Nolan Fleming Douglas Incorporated	Direct owner	1 Jan 2006	75% - 100%	53-0068130
John D Folger Revocable Trust	Owner	1 Jun 2015	25% - 50%	52-0134988
John Dulin Folger	Trustee	1 Jun 2015	Other	1545853
Lee M. Folger Revocable Trust	Owner	1 Sep 2015	75% - 100%	57-9409583
Lee M. Folger Revocable Trust	Owner	1 Nov 2015	25% - 50%	52-0134988

Based in Washington

The principal office where Folger Nolan Fleming Douglas Capital Management, Inc. performs its advisory services is located at 725 15 Th Street N.W., Washington, DC 20005, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-626-5220 or by fax 202-783-5164. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fnfd.com.