The Johnston Group, LLC is a large advisory firm based in Minneapolis. It manages $413 million of regulatory assets for 1,022 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Illinois, Minnesota, and 4 other states.
The Johnston Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Johnston Group, LLC is $413 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay The Johnston Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of The Johnston Group is individuals with 101 clients and $365 million of assets under management. Among the 11 most similar advisory firms, The Johnston Group has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $400 million for 238 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
The Johnston Group doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where The Johnston Group, LLC performs its advisory services is located at 121 South 8 Th St. Suite 1111, Minneapolis, MN 55402, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612 337 5030 or by fax 612 337 5070. The normal business hours are 9-5 on Monday - Friday.