The Johnston Group, LLC

CRD#282660
Investment Advisor Firm

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Overview

The Johnston Group, LLC operates as a financial advisory firm located in Minneapolis, Minnesota. The company oversees $413.0 million in total assets across 1,022 accounts, placing it among the larger financial advisory firms in the United States by assets under management (AUM). The company has a small group of 10 employees, including four financial advisors. The Johnston Group, LLC is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as options, bonds and equities.

The Johnston Group, LLC oversees most of its accounts on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell choices for the client's account without requiring client authorization. The Johnston Group, LLC also manages one non-discretionary accounts totaling $10.0 million in assets under management. The investment advisory firm manages roughly $404,110 for each customer account. The typical financial advisor at The Johnston Group, LLC administers around 256 client accounts.

The Johnston Group, LLC's central office is at 121 South 8Th St. Suite 1111, Minneapolis, Minnesota 55402. The Johnston Group, LLC is permitted to serve investors across a few states, including Florida, Illinois, Minnesota, New Hampshire, South Dakota, Texas and Wisconsin.

Assets Under Management

$413.0 million

Number of Advisors

4

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

121 South 8Th St. Suite 1111
Minneapolis, MN 55402

The Johnston Group, LLC by the Numbers

Total Assets Under Management

$413.0 million

National Average: $3.3 billion
Total Number of Employees

10

National Average: 4,943
Total Number of Accounts

1,022

National Average: 2,522
Average Account Size

$404.1 thousand

National Average: $1.3 million

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Products and Services

The Johnston Group, LLC provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, selection of other advisers and educational seminars. In the last fiscal year, it provided 26-50 of its accounts with financial planning services. The Johnston Group, LLC does sell products or offer services other than investment advisory services to its clients.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advisory services are based on which services the firm provides the client. Fees billed by The Johnston Group, LLC likely consist of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The Johnston Group, LLC works with retail investors and high net worth investors. Out of its 1,022 customers, The Johnston Group, LLC's largest client by number of accounts is high net worth investors, but it also manages money for 137 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 57.56%
  • Other Individuals - 42.44%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

The Johnston Group, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA