Johannsen & Associates, Inc.

The firm provides discretionary investment management for individuals (including high‑net‑worth clients), pension and profit‑sharing plans, and trusts, primarily through portfolio management using mutual funds. It charges asset‑based advisory fees and delivers quarterly written reports while clients maintain accounts with a custodian.

Investment decisions are driven by three trend‑following systems (SMART‑I, SMART‑II, SMART‑III) that allocate among stock mutual funds, sector funds, and money market funds based on intermediate and long‑term trend indicators and confirmation rules. The firm employs a Fund Evaluation and Selection System (FESS) to pick equity funds, subdivides sector strategies into multiple tracks to limit volatility, and discloses differing turnover expectations across systems (about 2–3 exchanges per year for SMART‑I versus roughly 20–25 for SMART‑II).

Distinctive features include decades‑long, continuous operation of its proprietary SMART systems (dating to the 1980s–1990s), exclusive use of Fidelity mutual funds with direct execution rather than broker‑dealer arrangements, and written fee discounts tied to employer groups and client tenure. The firm accepts discretionary trading authority but does not take custody of client assets and encourages clients to reconcile the firm’s reports with custodian statements.