Broker-dealer firm · Washington, DC
Folger Nolan Fleming Douglas Incorporated
SEC-registered investment adviser · CRD 319 · SEC 801-67696
At a glance
Folger Nolan Fleming Douglas Incorporated is an SEC-registered investment adviser based in Washington, District of Columbia, with $797 million in regulatory assets under management as of its Form ADV filed March 27, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 257 individual clients. By Form ADV it is a broker-dealer firm, ranked 176th of 391 broker-dealer firms and 6,110th of 17,210 SEC-registered advisers by assets.
Main office 202-626-5300fnfd.comAs filed on Form ADV
- Regulatory AUM
- $797M
- Rank among broker-dealer firms
- #176 of 391
- Rank among all SEC RIAs
- #6,110 of 17,210
- Rank in District of Columbia
- #33 of 59
- Individual clients
- 257
- High-net-worth clients
- 42
- Accounts
- 262
- Discretionary
- 4% of AUM
- Employees
- 44
- Advisory staff
- 22
- Offices
- 3
Owners and executives on its Form ADV
- Lee Merritt FolgerDirector, Senior Advisor
- Richard Steven FosterChief Financial Officer / Chief Operating Officer / Chief Executive Officer / President, Rosfp
- Richard Steven FosterCOO
- Neil Clifford FolgerDirector, Chairman of the Board
- John Randall CurrentDirector, Executive Vice-President
- Neil Clifford FolgerTrustee, Folger 2020 Trust for Neil C. Folger, Folger 2020 Trust for Nicholas FRY Folger, John D. Folger Section 9 Trust
- Richard Steven FosterCCO
Custody and brokerage
Broker-dealer
Hybrid RIA
Folger Nolan Fleming Douglas Incorporated is a hybrid RIA: 31 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 42 | $718M | 90% |
| Individuals | 215 | $71M | 9% |
| Charitable organizations | 4 | $8M | <1% |
| Other | 1 | $0M | <1% |
Disciplinary disclosures
Folger Nolan Fleming Douglas Incorporated answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗fnfd.com ↗
AtlasMembers
The full record on Folger Nolan Fleming Douglas Incorporated
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 144 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- 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.
Background
Questions
How much does Folger Nolan Fleming Douglas Incorporated manage?
Folger Nolan Fleming Douglas Incorporated reports $797 million in regulatory assets under management across 262 accounts, 4% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
What kind of firm is Folger Nolan Fleming Douglas Incorporated?
Folger Nolan Fleming Douglas Incorporated is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. A public reporting company controls it.
Who are Folger Nolan Fleming Douglas Incorporated’s clients?
By assets, its largest client types are high-net-worth individuals ($718 million, 42 clients); individuals ($71 million, 215 clients); charitable organizations ($8 million, 4 clients).
Does Folger Nolan Fleming Douglas Incorporated have any disciplinary history?
Folger Nolan Fleming Douglas Incorporated answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Folger Nolan Fleming Douglas Incorporated’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 (2026-03-27), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →