DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Armstrong, Fleming & Moore, Inc.
Latest filing Jun 25, 2026
First filing on the tape Mar 30, 2012 · 24 filings
SEC status approved since Jun 26, 1991
RAUM
$1.3B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$1.3B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$116M
derived; firm RAUM over IAPD count
Employees
27
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.3B as of Jun 25, 2026
Mar 30, 2012$325M then
HNW client RAUM$1.2B as of Jun 25, 2026
Mar 29, 2018$638M then
State-registered IARs (5.B.3)10 as of Jun 25, 2026
Mar 30, 20120 then
Employees (5.A)27 as of Jun 25, 2026
Mar 25, 201318 then
Private funds: no history
RAUM +14% over the last fiscal year+13% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Jun 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $116MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 49derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.4MderivedHNW RAUM over HNW clients
- Average account
- $691,291derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 11.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.5%derived
- Compensation
- percentage of assets, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, publications, educational seminarsreportedItem 5.G
- Custody
- $600M, 314 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.2B92%
- Individuals$88.0M6.9%
- Charitable organizations$12.3M1.0%
- Pension and profit-sharing plans$4.9M0.4%
- Corporations and businesses$1.6M0.1%
- Individual clients
- 273reported
- HNW clients
- 266reported
- Pension plan clients
- 3reported
- Charitable clients
- 3reported
- Accounts
- 1,841reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $600M for 314 clientsreported
- Compensation
- % of AUM, fixed, commissionsreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=14.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Ryan Maughan FlemingCertified Financial Planner | Washington, Dc | Jul 24, 2003 | 23 y | 0 |
| Mary Louise MooreCertified Financial Planner | Washington, Dc | Jul 24, 2003 | 24 y | 1 |
| Christopher James RiversCertified Financial Planner | Washington, Dc | May 19, 2008 | 21 y | 0 |
| Carl Leonard HolubowichCertified Financial Planner | Washington, Dc | Jan 28, 2014 | 21 y | 0 |
| Mitchell K StrobelCertified Financial Planner | Washington, Dc | Apr 18, 2019 | 16 y | 0 |
| Sumedha MalhotraCertified Financial Planner | Washington, Dc | Jan 14, 2020 | 13 y | 4 |
| John Kurt WittelsbergerCertified Financial Planner | Washington, Dc | Mar 26, 2021 | 12 y | 0 |
| Elizabeth Donahue SchleiferCertified Financial Planner | Washington, Dc | Mar 17, 2023 | 14 y | 0 |
| Joshua Andrew KaplanCertified Financial Planner | Washington, Dc | Apr 18, 2024 | 10 y | 0 |
| Zachary Abraham KaufmanCertified Financial Planner | Washington, Dc | Aug 25, 2026 | 10 y | 0 |
| Lucas CampbellCertified Financial Planner | Washington, Dc | Sep 11, 2026 | 14 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 9.1% of current headcount1 left over 36 months
Left, latest
- Nicolette Jane Davicino to Cresset Asset Management, LLCMay 19, 2026 · RIA to RIA
- Kelly Robert Wright to Pinnacle Advisory Group, Inc.Sep 1, 2016 · Other
- Mary Katherine Liola to Commonwealth Financial NetworkOct 2, 2012 · Other
Joined, latest
- Sumedha Malhotra from Edelman Financial EnginesJan 14, 2020 · RIA to RIA
- Mary Katherine Liola from Ameriprise Financial Services, LLCMay 2, 2012 · Other
- Mary Louise Moore from Houlihan Financial Resource Group, Ltd.Jul 24, 2003 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Maughan Ryan Fleming · Presidentcontrolsince 03/2012 · owns 25% to 50%
- Leonard Carl Holubowich · Vice Presidentcontrolsince 03/2014 · owns 10% to 25%
- Louise Mary Moore · Treasurercontrolsince 05/2003 · owns 25% to 50%
- James Christopher Rivers · Secretarycontrolsince 03/2012 · owns 10% to 25%
- Alexandra Armstrong · Chairman Emeritussince 04/1991 · owns less than 5%
- Villacorta Elizabeth Fleming · Chief Compliance Officersince 12/2004 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Washington, Dc · principal | 11 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,746 to 1,841Oct 3, 2025 to Mar 31, 2026
- Advisory employees · 15 to 17Oct 3, 2025 to Mar 31, 2026
- BD registered reps · 15 to 14Oct 3, 2025 to Mar 31, 2026
- Charity clients · unset to 3.0Oct 3, 2025 to Mar 31, 2026
- HNW clients · 247 to 266Oct 3, 2025 to Mar 31, 2026
- Individual clients · 264 to 273Oct 3, 2025 to Mar 31, 2026
- Pension plan clients · unset to 3.0Oct 3, 2025 to Mar 31, 2026
- Assets in custody · $499M to $600MOct 3, 2025 to Mar 31, 2026
- Employees · 24 to 27Oct 3, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.1B to $1.3BOct 3, 2025 to Mar 31, 2026
- HNW RAUM · $1.0B to $1.2BOct 3, 2025 to Mar 31, 2026
- Individual RAUM · $85.5M to $88.0MOct 3, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $30.3M to $18.7MOct 3, 2025 to Mar 31, 2026
- Pension RAUM · $3.8M to $4.9MOct 3, 2025 to Mar 31, 2026
- RAUM · $1.1B to $1.3BOct 3, 2025 to Mar 31, 2026
- Accounts · 447 to 1,746Mar 26, 2024 to Mar 28, 2025
- Advisory employees · 16 to 15Mar 26, 2024 to Mar 28, 2025
- Advisory activities · 3 to 5Mar 26, 2024 to Mar 28, 2025
- BD registered reps · 14 to 15Mar 26, 2024 to Mar 28, 2025
- Corporate clients · unset to 6.0Mar 26, 2024 to Mar 28, 2025
- HNW clients · 275 to 247Mar 26, 2024 to Mar 28, 2025
- Individual clients · 162 to 264Mar 26, 2024 to Mar 28, 2025
- Assets in custody · unset to 499474397.0Mar 26, 2024 to Mar 28, 2025
- Custody of client assets · false to trueMar 26, 2024 to Mar 28, 2025
- Employees · 20 to 24Mar 26, 2024 to Mar 28, 2025
- Financial planning clients · 26-50 to 26-50Mar 26, 2024 to Mar 28, 2025
- State-registered IARs · 7 to 10Mar 26, 2024 to Mar 28, 2025
- Discretionary RAUM · $142M to $1.1BMar 26, 2024 to Mar 28, 2025
- HNW RAUM · $958M to $1.0BMar 26, 2024 to Mar 28, 2025
- Individual RAUM · $42.8M to $85.5MMar 26, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $898M to $30.3MMar 26, 2024 to Mar 28, 2025
- Pension RAUM · unset to 3814474.0Mar 26, 2024 to Mar 28, 2025
- RAUM · $1.0B to $1.1BMar 26, 2024 to Mar 28, 2025
- Accounts · 421 to 447Mar 28, 2023 to Mar 26, 2024
- HNW clients · 261 to 275Mar 28, 2023 to Mar 26, 2024
- Individual clients · 148 to 162Mar 28, 2023 to Mar 26, 2024
- Discretionary RAUM · $736M to $142MMar 28, 2023 to Mar 26, 2024
- HNW RAUM · $800M to $958MMar 28, 2023 to Mar 26, 2024
- Individual RAUM · $38.4M to $42.8MMar 28, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $141M to $898MMar 28, 2023 to Mar 26, 2024
Signals
2 dated events
- Nicolette Jane Davicino left Armstrong, Fleming & Moore, Inc. for Cresset Asset Management, Llc (registered 2026-07-28)May 19, 2026 · Advisor changed firm · fact
- Armstrong, Fleming & Moore, Inc. reported RAUM $674.0M, up 34% from $504.6M (2017-09-29 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- asnowling@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- bfleming@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jmayo@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jmergler@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jtiamfook@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- khilliard@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- ksagastizado@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- mlynott@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- sjafarey@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- mschmelzer@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- cstallworth@afmfa.comreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $116Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026