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Armstrong, Fleming & Moore, Inc.

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Client assets under management

$1,253,817,868

Clients

539

49% high-net worth

Advisors

10

of 27 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

54

Typical

Average account size

$2,326,193

About

Armstrong, Fleming & Moore provides investment management, comprehensive and limited financial planning, retirement plan consulting, and hourly consultations primarily for high-income and high-net-worth individuals and families; the firm notes a typical financial planning client has net worth above $3 million and recommends $1 million as a guideline for portfolio management. Portfolio management is offered on both discretionary and non‑discretionary bases and includes access to Commonwealth’s PPS programs and sub-advisors for clients enrolled in those programs.

The firm emphasizes tailored portfolios and fundamental analysis performed by its principals and paraplanners, with an Investment Committee that meets regularly and a stated preference for longer investment horizons while remaining able to adjust more quickly as market conditions dictate. Account supervision and allocations are developed from client‑specific objectives, risk tolerances, and time horizons, and clients receive periodic individualized reporting (quarterly and annual summaries) of account performance.

AFM is notable among peers for combining fee‑based advisory services with broker/dealer and insurance activities: its advisor representatives are registered with Commonwealth and portfolio management clients must utilize Commonwealth’s brokerage services, and advisors may receive commissions and insurance compensation in addition to asset‑based fees. The firm also offers retirement plan consulting that includes participant advice programs and discloses advisor attendance at sponsor‑funded conferences and other industry events, factors that can create additional revenue streams and potential conflicts of interest that are disclosed in the brochure.

Client services

Financial planning Portfolio management Pension consulting Newsletters or periodicals Educational seminars or workshops

Expertise

Wealth management Retirement income strategy General retirement planning

Occupation focus

Founder/Business Owner Retired

Demographic focus

Women Professionals Approaching retirement

Fee options

Fixed

Retirement Plan Consulting services offered on negotiated flat, fixed, hourly, or asset-based fee basis.

Percentage

$0 - $5 Million: 1.00% $5 Million - $10 Million: 0.60% $10 Million+: 0.40%

Commissions

Advisors are registered representatives of Commonwealth and may earn commissions on securities and insurance products sold; commissions may be higher or lower than other broker-dealers.

Project-based

Hourly consultation fees up to $900 per hour for principals, $300 per hour for financial planners/advisors, $150 per hour for paraplanners; negotiable.

Other

Account minimum: $1,000,000 Fee-only: Financial planning hourly fees up to $900 per hour for principals, $300 per hour for financial planners/advisors, $150 per hour for paraplanners; negotiable; prepayment may be required up to $1200 for financial planning services.

Main office location

Armstrong, Fleming & Moore, Inc.

1800 M Street Nw, #1010 S

Washington DC 20036, United States

Number of offices

1

Most active in

California · Colorado · District of Columbia · Florida · Louisiana · Maine · Maryland · Massachusetts · Nebraska · New Hampshire · New Jersey · New York · North Carolina · Pennsylvania · South Carolina · Tennessee · Texas · Virginia · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

John W

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

John Wittelsberger is a CFP® with nine years of industry experience, currently serving as a financial advisor at Armstrong, Fleming & Moore, Inc. He has been with the firm since 2014 and is also associated with Commonwealth Financial Network. Wittelsberger engages in fixed insurance sales as a minor part of his business activities. Armstrong, Fleming & Moore is a registered investment adviser that provides portfolio management, financial planning, and retirement plan consulting primarily for high-income and high-net-worth individuals and families. The firm customizes asset allocations based on client objectives and risk tolerances, managing most accounts on a discretionary basis with oversight from an Investment Committee.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Carl H

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Carl Holubowich is a CFP® with 21 years of industry experience, currently serving as an advisor at Armstrong, Fleming & Moore, Inc. He has been with Armstrong, Fleming & Moore since 2005 and also associated with CommonWealth Financial Network since 2009. Armstrong, Fleming & Moore is a registered investment adviser that provides portfolio management, financial planning, and retirement plan consulting primarily for high-income and high-net-worth individuals and families. The firm emphasizes tailored asset allocations and fundamental analysis, managing most accounts on a discretionary basis under the oversight of an Investment Committee.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Elizabeth S

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Elizabeth Schleifer is a CFP® and holds a Series 63 license with eight years of industry experience. She has been with Armstrong, Fleming & Moore, Inc. since 2016 and is also affiliated with Commonwealth Financial Network. Outside of her advisory role, she was involved with Cava Mezze from 2012 to 2023. Armstrong, Fleming & Moore is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm focuses on tailored asset allocations and discretionary portfolio management supported by fundamental analysis and regular Investment Committee oversight.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Mitchell S

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Mitchell Strobel is a CFP® with 15 years of industry experience and is affiliated with Armstrong, Fleming & Moore, Inc. He has worked at Armstrong, Fleming & Moore since 2009 and has been associated with Commonwealth Financial Network since 2011. Armstrong, Fleming & Moore is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm provides portfolio management, financial planning, and retirement plan consulting, emphasizing fundamental analysis and tailored asset allocations managed mostly on a discretionary basis.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Sumedha M

CFP®, Series 63, Series 66

Washington, DC

Armstrong, Fleming & Moore, Inc.

Sumedha Malhotra is a Certified Financial Planner (CFP®) with 12 years of industry experience. She has worked at Armstrong, Fleming & Moore, Inc. since 2019 and has prior experience with firms including Financial Engines Advisors L.L.C. and Edelman Financial Services, LLC. Armstrong, Fleming & Moore is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm provides portfolio management and financial planning with a focus on tailored asset allocations and multi-year holding periods, managing over $1 billion on a discretionary basis as of the end of 2024.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Ryan F

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Ryan Fleming is a CFP® with 30 years of industry experience. He is a co-owner, president, and director of Armstrong, Fleming & Moore, Inc., where he has worked since 2005. He has also been affiliated with Commonwealth Financial Network since 2009. Armstrong, Fleming & Moore is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm provides portfolio management, financial planning, and retirement plan consulting, managing over $1 billion in discretionary assets with an investment approach centered on fundamental analysis and tailored asset allocations.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Christopher R

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Christopher Rivers is a CFP® with 20 years of experience in financial advising. He is affiliated with Armstrong, Fleming & Moore, Inc. and Commonwealth Financial Network. Armstrong, Fleming & Moore (AFM) is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm provides portfolio management, financial planning, and retirement plan consulting, emphasizing fundamental analysis and tailored asset allocations managed mostly on a discretionary basis.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Joshua K

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Joshua Kaplan is a CFP® with five years of industry experience, currently an advisor at Armstrong, Fleming & Moore, Inc. He has worked at Commonwealth Financial Network and held positions at Mariner Wealth Advisors and Alpha Omega Wealth Management. Armstrong, Fleming & Moore is a registered investment adviser serving primarily high-income and high-net-worth individuals and families. The firm provides portfolio management, financial planning, and retirement plan consulting, focusing on tailored asset allocations and fundamental analysis with a preference for multi-year holding periods.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Mary M

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Mary Moore is a CFP® with 23 years of industry experience, currently serving at Armstrong, Fleming & Moore, Inc. since 2005 and affiliated with Commonwealth Financial Network since 2009. She holds the Series 63 designation and focuses primarily on asset management and financial planning. Armstrong, Fleming & Moore is a registered investment adviser founded in 1983 that serves high-income and high-net-worth individuals and families, managing over $1 billion in discretionary assets. The firm emphasizes tailored asset allocations and fundamental analysis with a focus on multi-year holding periods under the oversight of an Investment Committee.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
user avatar

Nicolette D

CFP®, Series 63

Washington, DC

Armstrong, Fleming & Moore, Inc.

Nicolette Davicino is a CFP® with seven years of industry experience, currently serving as a financial advisor at Armstrong, Fleming & Moore, Inc. She has worked at Commonwealth Financial Network and Armstrong, Fleming & Moore since 2017. Prior to her advisory roles, she was affiliated with George Mason University for four years. Armstrong, Fleming & Moore is a registered investment adviser serving high-income and high-net-worth individuals and families. The firm focuses on portfolio management, financial planning, and retirement plan consulting, tailoring asset allocations to client objectives and managing most accounts on a discretionary basis.

Wealth management Retirement income strategy General retirement planning Founder/Business Owner Retired Women Professionals Approaching retirement
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