Derrick Johnson is a CFP-designated registered investment advisor at Johnson Wealth Management, LLC, based in Grand Forks, ND, with 24 years of industry experience. Derrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 2 more. Their firm serves 152 clients with $260M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 0.90% |
| $500K - $1.0M | 0.75% |
| $1.0M - $2.0M | 0.60% |
| $2.0M - $5.0M | 0.45% |
| $5M+ | 0.30% |
Fees are negotiable. Certain qualified retirement plans are charged a different fee based on a percentage of investable assets: 0.50% on the first $1,000,000; 0.40% on the next $1,000,000 (from 1,000,001 to 2,000,000); and 0.30% on the assets above $2,000,000.
Fee Estimator
Location
214 North 4th Street, Ste 123, Grand Forks, ND, 58203
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Derrick is involved with two real estate development companies, D's Development, LLC and Reeves 1914, LLC. He spends minimal time on these activities.
Employment History
Current Registrations
Johnson Wealth Management, LLC
Previous Registrations
Thrivent Investment Management INC.
Lutheran Brotherhood Securities CORP
State Registrations2 states
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