Folger Nolan Fleming Douglas Capital Management, Inc.

Folger Nolan Fleming Douglas Capital Management, Inc. provides discretionary investment management to individuals, high‑net‑worth clients, pension and profit‑sharing plans, trusts, estates, charitable organizations and other institutional or corporate entities. Accounts are managed on an individualized, account‑by‑account basis and the firm also serves as a sub‑advisor for wrap fee programs offered through its broker‑dealer affiliate.

The firm follows a long‑term, buy‑and‑hold investment approach that emphasizes large‑cap equities and U.S. fixed‑income securities, while using exchange‑traded funds to obtain exposure to small‑ and mid‑cap, sector, and international markets. Investment decisions are driven by fundamental analysis and overseen by an internal investment policy committee that maintains a Buy List and conducts periodic and event‑driven reviews of client accounts.

CMI is an indirect, wholly owned subsidiary of a dually registered broker‑dealer and shares management, operational resources, and personnel with that affiliate; it typically recommends that clients use the affiliate for trade execution and clears through Pershing, and it receives a portion of fees when acting as a sub‑advisor in wrap programs. The firm voluntarily participated in the SEC’s Share Class Selection Disclosure Initiative and consented to an administrative order addressing disclosure deficiencies, including disgorgement and undertakings, a regulatory matter prospective clients may weigh alongside its affiliated and sub‑advisory relationships.