Johnson O'Connor Wealth Management

Johnson O’Connor Wealth Management provides a referral service to clients of its affiliated accounting firm rather than offering direct investment management. Its client base includes individuals, trusts and estates, charitable organizations and corporations, and it notably accepts pension and profit‑sharing plan clients.

The firm does not formulate investment recommendations or manage client assets; instead it refers clients to a FINRA‑registered broker‑dealer and SEC‑registered investment adviser and supplies clients with the adviser’s disclosure materials and an advisory disclosure statement. Johnson O’Connor receives a portion of the third party’s advisory fees for those referrals and discloses the arrangement to clients while maintaining a written code of ethics and notifying clients they are free to choose other advisers.

Distinctive features include ownership by and operational integration with an accounting practice, with the advisory activity limited to solicitor services while the accounting business remains the primary operation (the adviser may spend a large portion of time on accounting firm duties). Unlike most independent peers, the firm does not provide portfolio management for individual accounts, does not charge percentage‑of‑AUM fees, and does not take custody or discretionary authority over client assets.