Montgomery Investment Management Inc

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Client assets under management

$487,646,174

Clients

107

100% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Typical

Average account size

$4,557,441

About

Montgomery Investment Management provides portfolio management and investment advice to high‑net‑worth individuals, families, trusts, retirement accounts, charitable organizations and institutional clients. The firm generally works with larger accounts (initial account requirement is $300,000) and maintains a relatively small client base rather than serving a broad retail population.

Investment decisions are driven by a value‑oriented, fundamental analysis discipline with a long‑term horizon, emphasizing companies with sustainable competitive advantages and often targeting underfollowed or turnaround situations. Portfolios are relatively concentrated (generally 20–30 securities), and the firm offers both discretionary and non‑discretionary management, wrap account services, and the ability to provide model portfolio recommendations to other advisers.

Notably, the firm manages roughly $490 million with two managing directors and about 107 client relationships, resulting in an unusually high level of assets per advisor and per client compared with peers. The firm also operates with longstanding leadership and established compliance practices—no advisor commissions or soft‑dollar arrangements, proxy‑voting administration for discretionary accounts, and a documented code of ethics—reflecting an emphasis on fiduciary procedures alongside its concentrated, value‑driven approach.

Client services

Portfolio management

Expertise

Active portfolio management

Fee options

Percentage

$0 - $500,000: 1.2% $500,000 - $2,000,000: 0.6% $2,000,000 - $5,000,000: 0.5% $5,000,000 - $20,000,000: 0.4% Above $20,000,000+: Negotiable (Institutional Accounts and special circumstances)

Other

Account minimum: $300,000.00 Fee-only: Fees are asset-based; no commissions received from broker/dealers; no performance-based fees.

Main office location

Montgomery Investment Management Inc

6229 Executive Blvd

Rockville MD 20852, United States

Number of offices

Most active in

California · Florida · Maryland · North Carolina · Virginia

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 301-897-9700

Advisors at this firm

Calvin K

Series 63, Series 65

S. Naples, FL

Montgomery Investment Management Inc

Calvin Koonce is a financial advisor at Montgomery Investment Management Inc with 45 years of industry experience. He has been with Montgomery Investment Management since 1987 and has operated Koonce Securities, Inc. since 1979. He holds Series 63 and Series 65 designations and serves as a director of VSEC. Montgomery Investment Management provides portfolio management and investment advice to high-net-worth individuals, families, trusts, retirement accounts, charitable organizations, and institutional clients. The firm focuses on value-oriented, fundamental analysis with a long-term horizon and maintains a relatively concentrated portfolio approach.

Active portfolio management

Franklin K

Series 63, Series 65

Rockville, MD

Montgomery Investment Management Inc

Franklin Koonce is a financial advisor at Montgomery Investment Management Inc with 31 years of industry experience. He holds Series 63 and Series 65 credentials and has been with Montgomery Investment Management and Koonce Securities, Inc. since 1994. Montgomery Investment Management serves high-net-worth individuals, families, trusts, retirement accounts, charitable organizations, and institutional clients, focusing on larger accounts with a value-oriented, fundamental analysis investment approach. The firm maintains a relatively small client base and manages portfolios that are concentrated in 20–30 securities, emphasizing companies with sustainable competitive advantages and often targeting underfollowed or turnaround situations.

Active portfolio management

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