Wealth manager, independent · Washington, DC
Armstrong, Fleming & Moore, Inc.
SEC-registered investment adviser · CRD 107347 · SEC 801-38960
At a glance
Armstrong, Fleming & Moore, Inc. is an SEC-registered investment adviser based in Washington, District of Columbia, with $1.3B in regulatory assets under management as of its Form ADV filed June 25, 2026. It reports 539 individual clients, 266 of them high-net-worth, holding an average of about $2.3 million each, and 27 employees. That ranks it 866th among the nation’s 5,657 independent wealth management RIAs and 1st of 6 in District of Columbia. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 202-887-8135afmfa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #866 of 5,657
- Rank among all SEC RIAs
- #4,700 of 17,210
- Rank in District of Columbia
- #1 of 6
- Individual clients
- 539
- High-net-worth clients
- 266
- Accounts
- 1,841
- Discretionary
- 99% of AUM
- Employees
- 27
- Advisory staff
- 17
- Offices
- 1
Owners and executives on its Form ADV
- Ryan M. FlemingPresident
- Alexandra ArmstrongChairman Emeritus
- Mary L. MooreTreasurer
- Elizabeth V. FlemingChief Compliance Officer
- Christopher J. RiversSecretary
- Carl L. HolubowichVice President
Custody and brokerage
Broker-dealer
Hybrid RIA
Armstrong, Fleming & Moore, Inc. is a hybrid RIA: 14 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed June 2026) names Commonwealth Financial Network as the broker-dealer its advisers are registered with.
Other Financial Industry Activities and Affiliations Advisory representatives of AFM are Registered Representatives of Commonwealth, member FINRA, SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 266 | $1.2B | 92% |
| Individuals | 273 | $88M | 7% |
| Charitable organizations | 3 | $12M | <1% |
| Pension and profit sharing plans | 3 | $5M | <1% |
| Corporations or other businesses | 6 | $2M | <1% |
Disciplinary disclosures
Armstrong, Fleming & Moore, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗afmfa.com ↗
AtlasMembers
The full record on Armstrong, Fleming & Moore, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,890 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in District of Columbia
All of District of Columbia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Lynx Investment Advisory, LLCWashington | $1.1B | 214 |
Background
Questions
How much does Armstrong, Fleming & Moore, Inc. manage?
Armstrong, Fleming & Moore, Inc. reports $1.3B in regulatory assets under management across 1,841 accounts, 99% of it on a discretionary basis, on its Form ADV filed June 25, 2026.
How many clients does Armstrong, Fleming & Moore, Inc. have?
It reports 539 individual clients: 266 high-net-worth individuals and 273 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Armstrong, Fleming & Moore, Inc. headquartered?
Its main office is in Washington, District of Columbia. It reports 1 office in total and 27 employees, 17 of whom perform investment advisory functions.
How does Armstrong, Fleming & Moore, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; commissions. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Armstrong, Fleming & Moore, Inc. use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed June 25, 2026, it reports these amounts held: Fidelity ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Armstrong, Fleming & Moore, Inc. a hybrid RIA with a broker-dealer?
Armstrong, Fleming & Moore, Inc. is a hybrid RIA: 14 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Armstrong, Fleming & Moore, Inc. a fiduciary?
As an SEC-registered investment adviser, Armstrong, Fleming & Moore, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 14 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Armstrong, Fleming & Moore, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →