Fee-only adviser · Bethesda, MD
Middleton Advisory
Middleton Advisory is a fee-only investment adviser registered with the securities regulator of Maryland, with its main office in Bethesda, Maryland. On its latest Form ADV, filed May 29, 2026, it reports $27M in regulatory assets under management, 28 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | State-registered: Maryland |
|---|---|
| Firm CRD number | 155334 |
| Office | 3 Bethesda Metro Center Suite 700 Bethesda, MD 20814 |
| Phone | (202) 503-4015 |
| Website | www.middletonadvisory.com |
| Regulatory assets under management | $27M |
| Individual clients | 10 non-high-net-worth, 18 high-net-worth |
| Financial planning clients | 26-50 |
| How it charges | Percentage of assets |
| Services | Financial planning, Portfolio management, Pension consulting, Educational seminars |
| Employees | 1 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | May 29, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It provides financial planning services, not only portfolio management.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
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Nearby
- Chevy Chase 9 firms
- North Bethesda 4 firms
- Silver Spring 3 firms
- Cabin John 1 firm
- Takoma Park 2 firms
- Potomac 1 firm
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- Washington 21 firms
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