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
Folger Nolan Fleming Douglas Incorporated
Latest filing Mar 27, 2026
First filing on the tape Nov 15, 2011 · 32 filings
SEC status approved since Apr 24, 2007
RAUM
$797M
reported, Item 5.F
Discretionary
4.2%
of RAUM
Private clients
99%
$789M individuals and HNW
Advisors
19
registered through the firm on IAPD
RAUM per advisor
$42.0M
derived; firm RAUM over IAPD count
Employees
44
22 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$797M as of Mar 27, 2026
Mar 5, 2012$84.4M then
HNW client RAUM$718M as of Mar 27, 2026
Mar 29, 2018$780M then
State-registered IARs (5.B.3)22 as of Mar 27, 2026
Mar 5, 20120 then
Employees (5.A)44 as of Mar 27, 2026
Mar 27, 201340 then
Private funds: no history
RAUM -7.0% over the last fiscal year-6.4% a year over threeIARs 25 to 22
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- 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
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $42.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 14derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $17.1MderivedHNW RAUM over HNW clients
- Average account
- $3.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 4.2%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 6.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- -12%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -44%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
- Wrap fee program
- $160MreportedItem 5.I
- 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
- is a broker-dealer (6.A.1)
- buys or sells securities as principal to or from clients (8.A.2)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$718M90%
- Individuals$71.4M9.0%
- Charitable organizations$7.7M1.0%
- Individual clients
- 215reported
- HNW clients
- 42reported
- Pension plan clients
- n/areported
- Charitable clients
- 4reported
- Accounts
- 262reported
- Financial planning clients
- reported
- Wrap fee programs
- $33.6M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=31.0derived
Advisors registered through the firm
18 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Christopher William Durchanek | Washington D.C., Dc | Apr 25, 2007 | 31 y | 3 |
| Stephen Woodhull Baker | Washington, Dc | Apr 30, 2007 | 31 y | 1 |
| Bryan Matthew Baquer | Washington, Dc | Apr 30, 2007 | 27 y | 1 |
| Daniel Rourke Healey | Washington, Dc | Aug 6, 2007 | 36 y | 0 |
| Angela Marie Moreira | Washington D.C., Dc | Oct 12, 2007 | 23 y | 0 |
| George Gwynn Hill | Washington, Dc | Aug 7, 2008 | 49 y | 0 |
| Laura Jeanne Faul | Washington, Dc | Dec 8, 2008 | 37 y | 0 |
| Brian Edward Coll | Washington, Dc | Dec 16, 2014 | 28 y | 3 |
| Matthew Guy Bigelow | Washington, Dc | Jan 25, 2019 | 13 y | 1 |
| Nicholas Maccoby Folger | Washington, Dc | Jun 10, 2022 | 10 y | 0 |
| Andrew Hooper Mcgregor | Washington, Dc | Aug 17, 2022 | 10 y | 0 |
| W Walter Booth | Washington, Dc | Sep 22, 2022 | 42 y | 4 |
| Lucinda Margaret Crist | Washington, Dc | Sep 22, 2022 | 41 y | 0 |
| Konstantina Karterouli | Washington, Dc | Jan 1, 2025 | 11 y | 0 |
| Edward Kaganov | Washington, Dc | Jan 1, 2025 | 21 y | 0 |
| Catherine Elizabeth Portner | Washington, Dc | Feb 14, 2025 | 14 y | 1 |
| Amy Martha Cooper | Washington, Dc | Nov 5, 2025 | 10 y | 0 |
| Raymond J Mckeating | Cambridge, Md | Mar 11, 2026 | 28 y | 1 |
Advisor movement
3 left, 1 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 16% of current headcount7 left over 36 months
Left, latest
- Kevin Flaherty to RBC Capital Markets, LLCOct 8, 2025 · RIA to affiliated broker-dealer or bank
- William Maxwell Fryer to RBC Capital Markets, LLCOct 8, 2025 · RIA to affiliated broker-dealer or bank
- Allyson Michelle Adkins to RBC Capital Markets, LLCOct 8, 2025 · RIA to affiliated broker-dealer or bank
- Ashley Melissa Wetzel to Newedge AdvisorsOct 15, 2024 · RIA to affiliated broker-dealer or bank
- Elizabeth Ann Reed-Hoole to Newedge AdvisorsOct 15, 2024 · RIA to affiliated broker-dealer or bank
- John Franklin Clardy to Newedge AdvisorsOct 15, 2024 · RIA to affiliated broker-dealer or bank
- Scott Richard Solod to Hammond Iles Wealth AdvisorsApr 17, 2024 · RIA to RIA
- John G. Snyder to Brown AdvisoryJun 8, 2015 · Other
- Erin Tobin Rogers to Strategic Advisers LLCDec 20, 2013 · Other
- Catherine Aglipay to Capital One Financial Advisors LLCNov 6, 2013 · Other
- Eugene Antonio Sarrge to Chesapeake Investment Management LLCJan 13, 2005 · Other
Joined, latest
- Raymond J Mckeating from Edward JonesMar 11, 2026 · Affiliated broker-dealer or bank to independent RIA
- Christopher Geddy Hill from Heritage Investors Management CorpJun 13, 2025 · RIA to RIA
- Catherine Elizabeth Portner from Merrill Lynch, Pierce, Fenner & Smith IncorporatedFeb 14, 2025 · Wirehouse to independent RIA
- Scott Richard Solod from Hammond Iles Wealth AdvisorsApr 1, 2024 · RIA to RIA
- W Walter Booth from Morgan StanleySep 22, 2022 · Wirehouse to independent RIA
- Kevin Flaherty from Pnc Wealth ManagementAug 4, 2017 · Other
- William Maxwell Fryer from Pnc Wealth ManagementAug 4, 2017 · Other
- Elizabeth Ann Reed-Hoole from Johnston Lemon Asset Management IncApr 29, 2015 · Other
- John Franklin Clardy from Johnston Lemon Asset Management IncFeb 10, 2015 · Other
- Brian Edward Coll from Johnston Lemon Asset Management IncDec 16, 2014 · Other
- Catherine Aglipay from MML Investors Services, LLCSep 30, 2011 · Other
- Stephen Woodhull Baker from Morgan Stanley Dw Inc.Apr 30, 2007 · Other
- Bryan Matthew Baquer from Merrill Lynch, Pierce, Fenner & Smith IncorporatedApr 30, 2007 · Other
- Christopher William Durchanek from Suntrust Investment Services, Inc.Apr 25, 2007 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for RBC Capital Markets, LLCOct 8, 2025 · Cambridge, Md
- 3 left for Newedge AdvisorsOct 15, 2024 · Washington, Dc
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Randall Current · Director, Executive Vice-Presidentcontrolsince 09/2013 · owns less than 5%
- Neil Clifford Folger · Director, Chairman Of The Boardcontrolsince 06/2023 · owns less than 5%
- Richard Steven Foster · Chief Financial Officer / Chief Operating Officer / Chief Executive Officer / President, Rosfpcontrolsince 04/2005 · owns less than 5%
- Scott Richard Solod · Ccocontrolsince 04/2024 · owns less than 5%
- Neil Clifford Folger · Trusteecontrolsince 12/2023 · owns F of Folger 2020 Trust For Neil C. Folger, Folger 2020 Trust For Nicholas Fry Folger, John D. Folger Section 9 Trust
- Lee Merritt Folger · Director, Senior Advisorsince 12/2023 · owns less than 5%
Entity owners
- Folger Associates LLC · Ownerdirect · owns 75% or more
- Folger 2020 Trust For Neil C. Folger · Ownerindirect · owns 25% to 50% of Folger Associates LLC
- Folger 2020 Trust For Nicholas Fry Folger · Ownerindirect · owns 25% to 50% of Folger Associates LLC
- John D Folger Section 9 Trust · Ownerindirect · owns 25% to 50% of Folger Associates LLC
- Folger 2020 Trust For Neil C. Folger · Ownerdirect · owns 5% to 10%
- Folger 2020 Trust For Nicholas Fry Folger · Ownerdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- Folger Nolan Fleming Douglas Capital Management, Inc.investment advisernRAUM $1.2B
- Folger Nolan Fleming Douglas Insurance Agency, Inc.real estatey
Advisers that list Folger Nolan Fleming Douglas Incorporated as a related person
- 140444 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Washington, Dc · principal | 18 | 1 | 0 | ||
| Washington Dc, Dc | 3 | 0 | 0 | ||
| Cambridge, Md | 1 | 1 | 3 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Cambridge, MD4 employees
- Hunt Valley, MD2 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 27, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $857,718,871 to $797,351,870, advisors 25 to 22, private clients 462 to 257, offices 2 to 2 (2025-03-27 to 2026-03-27)peers: independent wealth managers, $500M to $1B (1,482)
- unusually large average HNW clientStatic outlier · filing Mar 27, 2026HNW RAUM per HNW client of $17,093,382 against a peer median of $3,134,900 (1404 comparable advisers, 99.0th percentile, 9.2 robust deviations)peers: independent wealth managers, $500M to $1B (1,404) · 99% percentile
- account count collapseChange between filings · filing Mar 27, 2026accounts (Item 5.F.2.f) moved from 471.0 to 262.0 (-44.0%) between the annual amendments of 2025-03-27 and 2026-03-27; the peer median change was +6.0% (1256 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,256) · 2.0% percentile
- client count collapseChange between filings · filing Mar 27, 2026individual and HNW clients (Item 5.D) moved from 462.0 to 257.0 (-44.0%) between the annual amendments of 2025-03-27 and 2026-03-27; the peer median change was +5.0% (1216 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 1.9% percentile
What changed
consecutive filings, newest first
- Accounts · 471 to 262Mar 27, 2025 to Mar 27, 2026
- Advisory employees · 25 to 22Mar 27, 2025 to Mar 27, 2026
- BD registered reps · 34 to 31Mar 27, 2025 to Mar 27, 2026
- Charity clients · 7 to 4Mar 27, 2025 to Mar 27, 2026
- HNW clients · 61 to 42Mar 27, 2025 to Mar 27, 2026
- Individual clients · 401 to 215Mar 27, 2025 to Mar 27, 2026
- Pension plan clients · 1.0 to unsetMar 27, 2025 to Mar 27, 2026
- Employees · 50 to 44Mar 27, 2025 to Mar 27, 2026
- State-registered IARs · 25 to 22Mar 27, 2025 to Mar 27, 2026
- Discretionary RAUM · $0 to $33.6MMar 27, 2025 to Mar 27, 2026
- HNW RAUM · $733M to $718MMar 27, 2025 to Mar 27, 2026
- Individual RAUM · $112M to $71.4MMar 27, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $858M to $764MMar 27, 2025 to Mar 27, 2026
- Pension RAUM · 575870.0 to unsetMar 27, 2025 to Mar 27, 2026
- RAUM · $858M to $797MMar 27, 2025 to Mar 27, 2026
- Wrap assets (sponsor) · $49.4M to $33.6MMar 27, 2025 to Mar 27, 2026
- Accounts · 697 to 471Sep 3, 2024 to Mar 27, 2025
- BD registered reps · 35 to 34Sep 3, 2024 to Mar 27, 2025
- Charity clients · 24 to 7Sep 3, 2024 to Mar 27, 2025
- HNW clients · 104 to 61Sep 3, 2024 to Mar 27, 2025
- Individual clients · 563 to 401Sep 3, 2024 to Mar 27, 2025
- Pension plan clients · 4 to 1Sep 3, 2024 to Mar 27, 2025
- Employees · 52 to 50Sep 3, 2024 to Mar 27, 2025
- Financial planning clients · unset to Sep 3, 2024 to Mar 27, 2025
- HNW RAUM · $805M to $733MSep 3, 2024 to Mar 27, 2025
- Individual RAUM · $159M to $112MSep 3, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $1.0B to $858MSep 3, 2024 to Mar 27, 2025
- Pension RAUM · $865,644 to $575,870Sep 3, 2024 to Mar 27, 2025
- RAUM · $1.0B to $858MSep 3, 2024 to Mar 27, 2025
- Wrap assets (sponsor) · $136M to $49.4MSep 3, 2024 to Mar 27, 2025
- Accounts · 688 to 697Mar 31, 2023 to Mar 27, 2024
- Charity clients · 19 to 24Mar 31, 2023 to Mar 27, 2024
- Corporate clients · 6 to 0Mar 31, 2023 to Mar 27, 2024
- HNW clients · 94 to 104Mar 31, 2023 to Mar 27, 2024
- Individual clients · 566 to 563Mar 31, 2023 to Mar 27, 2024
- Pension plan clients · 2 to 4Mar 31, 2023 to Mar 27, 2024
- Employees · 54 to 52Mar 31, 2023 to Mar 27, 2024
- HNW RAUM · $761M to $805MMar 31, 2023 to Mar 27, 2024
- Individual RAUM · $153M to $159MMar 31, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $972M to $1.0BMar 31, 2023 to Mar 27, 2024
Signals
15 dated events
- William Maxwell Fryer left Folger Nolan Fleming Douglas Incorporated for Rbc Capital Markets, Llc (registered 2025-09-10)Oct 8, 2025 · Advisor changed firm · fact
- 3 advisors left Folger Nolan Fleming Douglas Incorporated (Cambridge, MD) for RBC Capital Markets, LLC on the same dayOct 8, 2025 · Team lift-out · derived
- Allyson Michelle Adkins left Folger Nolan Fleming Douglas Incorporated for Rbc Capital Markets, Llc (registered 2025-09-12)Oct 8, 2025 · Advisor changed firm · fact
- Kevin Flaherty left Folger Nolan Fleming Douglas Incorporated for Rbc Capital Markets, Llc (registered 2025-09-10)Oct 8, 2025 · Advisor changed firm · fact
- Ashley Melissa Wetzel left Folger Nolan Fleming Douglas Incorporated for Newedge Advisors (registered 2024-10-04)Oct 15, 2024 · Advisor changed firm · fact
- 3 advisors left Folger Nolan Fleming Douglas Incorporated (Washington, DC) for Newedge Advisors on the same dayOct 15, 2024 · Team lift-out · derived
- Elizabeth Ann Reed-Hoole left Folger Nolan Fleming Douglas Incorporated for Newedge Advisors (registered 2024-10-04)Oct 15, 2024 · Advisor changed firm · fact
- John Franklin Clardy left Folger Nolan Fleming Douglas Incorporated for Newedge Advisors (registered 2024-10-04)Oct 15, 2024 · Advisor changed firm · fact
- Joseph Michael Urban (Cco) no longer on Schedule A of Folger Nolan Fleming Douglas Incorporated (listed 2024-03-27, absent 2024-04-25)Apr 25, 2024 · Control person left · inference
- Scott Richard Solod (Cco) appeared on Schedule A of Folger Nolan Fleming Douglas IncorporatedApr 25, 2024 · Control person joined · fact
- Scott Richard Solod left Folger Nolan Fleming Douglas Incorporated for Hammond Iles Wealth Advisors (registered 2024-10-10)Apr 17, 2024 · Advisor changed firm · fact
- Folger Nolan Fleming Douglas Incorporated reported RAUM $1.0B, up 131% from $449.4M (2022-03-27 to 2022-06-15)Jun 15, 2022 · RAUM change · derived
- Folger Nolan Fleming Douglas Incorporated reported RAUM $449.4M, down 55% from $1.0B (2021-03-31 to 2022-03-27)Mar 27, 2022 · RAUM change · derived
- Folger Nolan Fleming Douglas Incorporated reported RAUM $1.0B, up 37% from $729.2M (2020-07-29 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Folger Nolan Fleming Douglas Incorporated reported RAUM $915.7M, up 371% from $194.4M (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
- jcurrent@fnfd.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- jcohey@fnfd.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- rfoster@fnfd.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 202-626-5326reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 202-626-5221reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 202-638-3973reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- FNFD.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 202-626-5300reportedpublic record, Form ADV, Mar 27, 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
- $42.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026