Folger Nolan Fleming Douglas Incorporated logo

Folger Nolan Fleming Douglas Incorporated

Updated today

Client assets under management

$789,371,594

Clients

257

16% high-net worth

Advisors

18

of 44 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

14

Very Low

Average account size

$3,071,485

About

Folger Nolan Fleming Douglas Incorporated operates a limited private wealth management business that provides non-discretionary, fee-based investment advisory services to a single ultra-high-net-worth family client across three accounts. The PWM Business is currently available only to that client and is not offered to other clients.

FNFD’s Account Executives meet with the client to assess investment objectives, financial circumstances and risk tolerance and to customize a management strategy that may include equities, fixed income, mutual funds and ETFs while coordinating with the client’s other advisors on estate and cash-flow matters. The client directs brokerage to FNFD with execution and clearing performed by Pershing, and FNFD may receive both advisory fees and brokerage commissions on transactions.

Distinctive features include FNFD’s dual registration as a broker-dealer and SEC-registered investment adviser (with NYSE and FINRA membership) and the brochure’s emphasis that the PWM assets are managed on a non-discretionary basis (approximately $637.7 million for the PWM client as of December 31, 2025). The firm also discloses a separate wholly owned discretionary advisory subsidiary (CMI), the exclusion of certain legacy low-cost-basis equity positions from fee calculations, and that FNFD does not vote proxies for the PWM client.

Client services

Portfolio management Selection of other advisers
Recommend wrap fee management programs of other registered investment advisers

Expertise

Wealth management

Fee options

Percentage

$0+: 0.30% on equity positions $0+: 0.10% on fixed income positions $0+: No management fees on cash or cash equivalent positions, including U.S. Treasuries

Commissions

Brokerage commissions earned on security trades; equity trades commissions up to $0.03 per share; municipal securities $1.00 per $1,000 par value (max $275 per trade); U.S. Agency and corporate bonds $1.00 per $1,000 par value (max $25). No commissions on U.S. Treasury securities.

Other

Fee-only: Annual advisory fees based on assets under management; 0.30% on equity, 0.10% on fixed income, no fees on cash equivalents.

Main office location

Folger Nolan Fleming Douglas Incorporated

725 15 Th Street Nw

Washington DC 20005-2109, United States

Number of offices

3

Most active in

California · Delaware · District of Columbia · Georgia · Maryland · North Carolina · Virginia

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

Brian C

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Brian Coll is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 28 years of industry experience. He holds a Series 66 designation and has been with the firm since 2014. Based in Washington, DC, Coll has a background focused on serving high-net-worth clients within a multi-team environment. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with a focused advisory business, tailoring investment strategies to client objectives and managing portfolios through equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

Nicholas F

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Nicholas Folger is a financial advisor at Folger Nolan Fleming Douglas Incorporated with three years of industry experience. He holds a Series 66 designation and has worked previously at Aquarian Holdings, Gallatin Loan Management, Radile Insights, and Insureon. Folger is also a portfolio manager at Folger Nolan Fleming Douglas Capital Management Inc., where he focuses on securities research and investment management. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with a limited advisory business, tailoring investment strategies to client objectives through equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

Daniel H

Series 63, Series 65

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Daniel Healey is a financial advisor with Folger Nolan Fleming Douglas Incorporated in Washington, DC. He holds Series 63 and Series 65 designations and has 35 years of industry experience, including over three decades with his current firm. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on portfolio review, investment recommendations, and coordination with the client’s other professionals. The firm combines broker-dealer operations with a limited advisory business and emphasizes tailored investment strategies implemented on an account-by-account basis.

Wealth management
user avatar

Bryan B

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Bryan Baquer is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 27 years of industry experience. He holds the Series 66 designation and has been with Folger Nolan Fleming Douglas since 2006. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with a limited advisory business, tailoring investment strategies to the client’s objectives and managing portfolios through equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

W B

Series 63, Series 65

Washington, DC

Folger Nolan Fleming Douglas Incorporated

W Booth is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 42 years of industry experience. He holds Series 63 and Series 65 licenses and has been affiliated with Morgan Stanley Smith Barney and Morgan Stanley & Co., Incorporated since 2008. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on tailored investment strategies implemented through equities, fixed income, mutual funds, and ETFs. The firm combines broker-dealer operations with a limited advisory business and supports ongoing wealth management activities typical of multi-team advisers.

Wealth management
user avatar

Catherine P

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Catherine Portner is a financial advisor at Folger Nolan Fleming Douglas Incorporated with six years of industry experience. She holds the Series 66 designation and has previously worked at Bank of America, Merrill Lynch, and held roles in small business consulting and the hospitality sector. Outside of finance, she was involved with Portner Brewhouse for six years. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with a focused advisory business, tailoring investment strategies to client objectives and conducting regular portfolio reviews without exercising investment discretion.

Wealth management
user avatar

Raymond M

Series 63, Series 66

Cambridge, MD

Folger Nolan Fleming Douglas Incorporated

Raymond Mc Keating is a financial advisor at Folger Nolan Fleming Douglas Incorporated with four years of experience, including roles at Edward Jones, Transamerica Capital Inc, and Salient Partners. He holds Series 63 and Series 66 designations. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on portfolio review, investment recommendations, and coordination with the client’s other professionals. The firm combines broker-dealer operations with a limited advisory business and implements investment strategies tailored to the client’s objectives through equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

Edward K

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Edward Kaganov is a financial advisor at Folger Nolan Fleming Douglas Incorporated, holding a Series 66 designation with 20 years of industry experience. He has been with Folger Nolan Fleming Douglas since 2005. Folger Nolan Fleming Douglas provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on portfolio review, investment recommendations, and coordination with the client’s other professionals. The firm combines broker-dealer operations with a limited advisory business and implements tailored investment strategies through equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

Matthew B

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Matthew Bigelow is a financial advisor with Folger Nolan Fleming Douglas Incorporated and holds a Series 66 designation. He has 10 years of industry experience, primarily with Folger Nolan Fleming Douglas entities since 2013. His role includes securities research and assisting with investment management. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on tailored investment strategies and coordination with the client’s other professionals. The firm operates as both a broker-dealer and SEC-registered investment adviser, managing portfolios with a combination of equities, fixed income, mutual funds, and ETFs.

Wealth management
user avatar

Konstantina K

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Konstantina Karterouli is a financial advisor at Folger Nolan Fleming Douglas Incorporated with five years of industry experience. She holds a Series 66 designation and has been with Folger Nolan Fleming Douglas Capital Management Inc. since 2020. Her prior roles include positions at Dumbarton Oaks, Arthur Al, Artsy Inc., and Catholic University. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on portfolio review, investment recommendations, and coordination with other professionals. The firm combines broker-dealer operations with a limited advisory business, tailoring investment strategies to client objectives and managing accounts on an individual, non-discretionary basis.

Wealth management
user avatar

Christopher D

Series 63, Series 65

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Christopher Durchanek is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 31 years of industry experience. He has been with Folger Nolan Fleming Douglas since 2005 and holds Series 63 and Series 65 licenses. In addition to his advisory role, he serves as Vice President of Folger Nolan Fleming Douglas Insurance Agency Inc., where he supervises insurance sales activities. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with advisory services, tailoring investment strategies to client objectives and conducting regular portfolio reviews and reporting.

Wealth management
user avatar

Angela M

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Angela Moreira is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 21 years of industry experience. She holds the Series 66 designation and has been with Folger Nolan Fleming Douglas since 2003. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, focusing on portfolio review, investment recommendations, and coordination with other professionals. The firm combines broker-dealer operations with a limited advisory business, tailoring investment strategies to client objectives and financial circumstances.

Wealth management
user avatar

Laura F

Series 63, Series 65, Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Laura Faul is a financial advisor at Folger Nolan Fleming Douglas Incorporated with 27 years of industry experience. She holds Series 63, Series 65, and Series 66 licenses and has been with Folger Nolan Fleming Douglas since 2001. Folger Nolan Fleming Douglas provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, offering portfolio review, investment recommendations, and coordination with other professionals. The firm combines broker-dealer operations with a limited advisory business, tailoring investment strategies to client objectives and conducting regular account reviews through its clearing custodian.

Wealth management
user avatar

Andrew M

Series 66

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Andrew Mc Gregor is a financial advisor at Folger Nolan Fleming Douglas Incorporated with three years of industry experience. He holds a Series 66 designation and has worked at Folger Nolan Fleming Douglas Capital Management Inc. since 2022. Prior to this, his background includes roles in education and self-employment. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family, offering tailored investment strategies and coordination with other client professionals. The firm combines broker-dealer operations with a limited advisory business, focusing on portfolio review and execution services.

Wealth management
user avatar

Stephen B

Series 63, Series 65

Washington, DC

Folger Nolan Fleming Douglas Incorporated

Stephen Baker is a financial advisor with Folger Nolan Fleming Douglas Incorporated in Washington, DC. He holds Series 63 and Series 65 licenses and has 36 years of industry experience. He has been with Folger Nolan Fleming Douglas since 2005. Folger Nolan Fleming Douglas Incorporated provides private wealth management services on a non-discretionary, fee-based basis to a single ultra-high-net-worth family. The firm combines broker-dealer operations with a limited advisory business, offering tailored investment strategies and ongoing portfolio review through a multi-team approach.

Wealth management
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