Johnson Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Johnson Wealth Management is a fee-only financial planning and investment management firm that serves individuals, retirement plans, trusts, estates, charitable organizations and business clients. It provides personalized financial planning, pension consulting and ongoing portfolio management and facilitates implementation through custodians and subadvisors rather than product sales or commissions.
The firm’s investment approach is grounded in Modern Portfolio Theory and emphasizes low-cost, passively managed index funds and ETFs with global diversification and periodic rebalancing to maintain target allocations. Client accounts are typically managed on a discretionary basis under a limited trading authorization, and clients receive periodic net worth statements and quarterly written performance reports.
Compared with many peers of similar size, Johnson manages several hundred million dollars of assets with a small advisory team and formally uses named subadvisors (including Nuveen and Dimensional) while retaining oversight of those relationships. The firm also has standing letters of authorization that affect its custody reporting, generally does not vote proxies on client securities (clients retain voting responsibility), and maintains a business-continuation agreement to address key-person succession.
Client services
Expertise
Fee options
Fixed fees for financial planning determined by scope of work; annual fixed fees may apply under Retainer Agreement
$0 - $1,000,000: 1.00% annually $1,000,001 - $2,000,000: 0.75% annually $2,000,001 - $5,000,000: 0.45% annually $5,000,001+: 0.30% annually
Financial planning billed hourly at $225/hour
Account minimum: $500,000 Fee-only: Financial planning billed hourly at $225/hour or fixed fees based on scope; investment management fees tiered based on assets under management; no commissions accepted.
Main office
214 North 4th Street, Ste 123
Grand Forks ND 58203
Advisors at this office
3
Most active in
Arizona · Minnesota · North Dakota
Also doing business as
Johnson Thompson Wealth Management, LLC · Johnson Wealth Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Cole W
Series 66
Grand Forks, ND
Johnson Wealth Management, LLC
Cole Wigestrand is a financial advisor at Johnson Wealth Management, LLC with one year of industry experience. He holds the Series 66 designation and has worked at firms including LPL Financial LLC and Cetera Investment Advisors LLC. Johnson Wealth Management is a fee-only financial planning and investment management firm serving individuals, retirement plans, trusts, estates, charitable organizations, and business clients. The firm follows a disciplined investment approach based on Modern Portfolio Theory, emphasizing low-cost, passively managed index funds and ETFs with global diversification and periodic rebalancing.
Derrick J
CFP®, Series 63, Series 65
Grand Forks, ND
Johnson Wealth Management, LLC
Derrick Johnson is a CFP® with 25 years of experience and has been with Johnson Wealth Management, LLC since 2002. Based in Grand Forks, ND, he holds Series 63 and Series 65 licenses. Outside of financial advising, he is involved in real estate development through two local companies. Johnson Wealth Management is a fee-only firm serving individuals, retirement plans, trusts, estates, charitable organizations, and business clients. The firm employs a Modern Portfolio Theory-based investment approach using low-cost, passively managed index funds and ETFs, with discretionary management and oversight of named subadvisors.
James M
CFP®, ChFC®, Series 65
Grand Forks, ND
Johnson Wealth Management, LLC
James Mortenson is a CFP® and ChFC® professional with six years of industry experience. He currently works at Johnson Wealth Management, LLC and previously held roles at CWM, LLC and in academia at Creighton University and Minnesota State University of Moorhead. Johnson Wealth Management is a fee-only firm serving individuals, retirement plans, trusts, estates, charitable organizations, and business clients. The firm follows a Modern Portfolio Theory-based investment approach, emphasizing low-cost, passively managed index funds and ETFs with global diversification and periodic rebalancing.
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