Johnson Wealth Management, LLC

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Client assets under management

$298,088,133

Clients

169

59% high-net-worth

Advisors

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

High

Average account size

$1,763,835

About

Johnson Wealth Management is a fee-only advisory firm that provides personalized financial planning and discretionary investment management to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and business entities. The firm operates as a two-advisor team managing roughly $323 million in client assets and also offers pension/ERISA consulting and tailored subadvisory arrangements.

The firm’s investment approach is grounded in Modern Portfolio Theory and emphasizes low-cost, passive exposure through index funds and ETFs, with periodic rebalancing rather than security selection. Research inputs include custodial and institutional resources, and JWM accepts discretionary trading authority under limited powers of attorney while delivering periodic performance and net worth reports.

Noteworthy aspects compared with peers include the combination of a small advisory team overseeing substantial AUM, a formal ERISA/pension consulting practice, and the routine use of institutional subadvisors (for example, Dimensional and Nuveen) for some mandates. JWM operates strictly on a fee-only basis, uses standing letters of authorization that create custody under SEC guidance while meeting the firm’s conditions, and maintains a business continuation agreement to address loss of key personnel.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Passive / index investing Wealth management

Fee options

Fixed

Fixed fees for financial planning on a retainer basis; fees determined by scope of work and complexity

Percentage

$0 - $500,000: 0.90% $500,001 - $1,000,000: 0.75% $1,000,001 - $2,000,000: 0.60% $2,000,001 - $5,000,000: 0.45% $5,000,001+: 0.30%

Project-based

Financial planning billed hourly at $225 per hour

Other

Account minimum: $500,000 Minimum fee: No minimum annual fee; fees are negotiable and may be waived or reduced at discretion Fee-only: Firm is strictly fee-only; no commissions or fees from sales of products

Main office location

Johnson Wealth Management, LLC

214 North 4 Th Street, Ste 123

Grand Forks ND 58203, United States

Number of offices

Most active in

Arizona · Minnesota · North Dakota

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

701-746-8310

Advisors at this firm

Derrick J

CFP®, Series 63, Series 65

Grand Forks, ND

Johnson Wealth Management, LLC

Derrick Johnson is a CFP® with 24 years of experience, currently serving at Johnson Wealth Management, LLC in Grand Forks, ND. He has been with the firm since its founding in 2002. Outside of advisory work, he is involved in real estate development through two companies. Johnson Wealth Management provides fee-only financial planning and discretionary investment management to a range of clients, including individuals, retirement plans, trusts, and charitable organizations. The firm emphasizes a low-cost, passive investment approach grounded in Modern Portfolio Theory and manages assets through a small-team model supported by institutional subadvisors.

Passive / index investing Wealth management

James M

Series 65

Grand Forks, ND

Johnson Wealth Management, LLC

James Mortenson is a financial advisor at Johnson Wealth Management, LLC in Grand Forks, ND, holding a Series 65 designation with five years of industry experience. His prior roles include positions at Cwm, LLC, Creighton University, Dakota Business Lending, and Minnesota State University of Moorhead. Johnson Wealth Management provides fee-only financial planning and discretionary investment management to individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm emphasizes low-cost, passive index and ETF strategies with global diversification, managing approximately $256.8 million for a concentrated client base through a small advisory team supported by institutional subadvisor relationships.

Passive / index investing Wealth management

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