In 1889, William B. Hibbs founded the investment firm Folger Nolan Fleming Douglas. The company provides clients with a variety of investment products, investment services and customized portfolios. The trading department handles client security transactions from stocks to mutual funds. The members of the fixed income department have an average of 15 years experience trading fixed income investments. The municipal bond desk participates in new issue bond sales and holds an inventory of tax-exempt bonds to meet client needs. Its taxable fixed income desk offers a range of securities. The firm also provides both taxable and tax-free money market funds through Federated Investors. Folger Nolan Fleming Douglas Capital Management is the investment management subsidiary. CMI manages separate portfolios of equity and fixed income securities that are customized for each client s specific goals and risk tolerance. Folger Nolan Fleming Douglas is headquartered in Washington, D.C.