About Middleton Advisory

Middleton Advisory is a fee-only Registered Investment Adviser in Bethesda, MD, founded by David Middleton to begin his private practice. Services are offered in the entire state and surrounding areas, with the ability to take on clients across the country. David's mission is to help clients implement the best possible investment strategies based on their unique needs. After several years of experience at T. Rowe Price, David founded a completely independent firm, with no obligation to any broker-dealer or investment company. This allows Middleton Advisory to completely avoid investments that carry sales loads or commissions. Instead, a variety of low-cost investment funds are used to implement prudent strategies, following the principles of diversification and asset allocation.

General Information Years of Experience in Financial Services:    14 Gender:    Male CRD#:    5398638 Firm CRD#:    155334 States Licensed in:    MD Number of Years with Current Firm:    10 Work with the following types of clients:    Businesses, Individual Investors, Non-Profit Organizations States Willing to do Business in:    Services can be provided to anyone in the U.S. Advisory Services Provided:    Financial Planning for Businesses, Financial Planning for Individuals, Education Funding and Planning, Risk Management, Money Management, Wealth Management, 401K Rollovers, Retirement Planning, Portfolio Management, Financial Planning, Investment Advice & Management, Financial Advice & Consulting

Education Academic Background   Degree in engineering from The Georgia Institute of Technology.

Services Investment Types:    Mutual Funds, Bonds, Stocks, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI) Can meet clients in the following ways:    Your Office, Email, Phone, Our Office, Your Home, Video Conference

Qualifications & Memberships Certifications, Accreditations & Designations:    AIF®, CFP® Securities Licenses:    Series 65

Firm Information Assets Managed by Advisor:    ~$16,000,000 Advisor's Number of Clients:    23 Advisor's Number of Planning Clients:    23 Advisor's Number of Managed Clients:    23

Compliance Criminal Disclosures in Last 5 years:    I have a clean record Compliance Disclosures in Last 5 years:    I have a clean record Registered Investment Advisor:    Yes Investment Advisor Representative:    Yes Acknowledged fiduciary:    Yes

Compensation and Fees Fee % Based on Assets:    0.92% Minimum Portfolio Size for New Managed Accounts:    $500,000 Fee Structure:    Fee-Only

Frequently Asked Questions

Q.	Do you have a customer satisfaction or refund policy?

Q.	What are your qualifications? What is your education background?

Q.	How are you compensated? How will I pay for your services?

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?

Q.	How many clients do you currently manage?

Q.	Will you be the only person working with me?

Q.	Do you offer any guaranteed results?

Q.	How much risk should I be willing to take?

Q.	Have you ever been charged with any breaches?

Q.	What is your approach to financial planning?

Q.	What services do you offer?

Q.	What financial institution(s) do you represent?

Q.	What is your approach to Education Planning?

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Q.	Do you have a customer satisfaction or refund policy?
Client contracts may be cancelled at any time with 30 days advance notice.

Q.	What are your qualifications? What is your education background?
David has earned the CERTIFIED FINANCIAL PLANNER (TM) designation by taking coursework through New York University and passing a two day, ten hour exam. David also earned the Accredited Investment Fiduciary® designation by taking coursework though Stetson University and passing an exam. David holds a bachelor's degree in Mechanical Engineering from The Georgia Institute of Technology.

Q.	How are you compensated? How will I pay for your services?
The annual fee is a standard 0.92% of managed assets. Fees are automatically processed from accounts on a quarterly basis and reported on custodial statements.

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?
No, the client contract grants limited power of attorney for Middleton Advisory LLC to manage accounts without prior authorization for every trade or transaction. However, transactions are limited to internal trades or to transfers to/from a client's authorized bank account.

Q.	How many clients do you currently manage?
23

Q.	Will you be the only person working with me?
Yes. However, coordination with your tax advisor, attorney, or insurance agent may be necessary.

Q.	Do you offer any guaranteed results?
No. Making guarantees about future investment returns is unethical and downright illegal. You will receive reasonable expectations for the future, with the calculated probability that your financial goals will be met, based on mutually agreed upon assumptions.

Q.	How much risk should I be willing to take?
Insufficient risk may lead to your money growing below the inflation rate and a devastating loss in purchasing power over time. Excessive risk may lead to an emotionally jarring short-term drop in your net worth and may cause cash flow problems. Your portfolio will be managed with the correct amount of risk for your situation and personal risk tolerance.

Q.	Have you ever been charged with any breaches?
No.

Q.

What is your approach to financial planning?

After thorough discussion and analysis, including coordination with attorneys, accountants, and insurance agents, as necessary, clients receive a financial plan that outlines the proper investments and strategies for their unique circumstances. The plan is then implemented with a limited power of attorney agreement. However, even the best plans often need adjustment or correction as circumstances change. Regular meetings and updates will ensure that your financial accounts are managed appropriately over the years.

Q.	What services do you offer?
Financial Planning and Investment Management. This involves coordination with your tax advisor, attorney, and insurance agent, if necessary. Middleton Advisory LLC can provide services to individuals or institutions.

Q.	What financial institution(s) do you represent?
None. Middleton Advisory is a completely independent, fee-only, Registered Investment Advisor firm solely owned by David Middleton.

Q.	What is your approach to Education Planning?
Higher education costs are out of control. Education planning involves setting goals based on future needs and then constructing an investment plan with a reasonable probability of hitting that goal. Tax favored accounts such as 529 plans are generally a good idea for these investments.