Johnson Wealth Inc. (Milwaukee)

Name: Johnson Wealth Inc.
Address: 100 East Wisconsin Avenue, Milwaukee, WI, 53202
Telephone: 414-291-4500

Johnson Wealth Inc. is a large advisory firm based in Milwaukee. It manages $3.69 billion of regulatory assets for 867 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.

Johnson Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Johnson Wealth: assets under management

The assets under management (AUM) of Johnson Wealth Inc. is $3.69 billion. The firm's AUM has grown by 34% since the beginning of its operation, and $1.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.14 billion in discretionary accounts and $556.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.66 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $50.64 million.

Johnson Wealth has custody of $1.67 billion in cash and securities for 749 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Johnson Wealth Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Johnson Wealth serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Johnson Wealth is high net worth individuals with 524 clients and $1.45 billion of assets under management. Among the 7 most similar advisory firms, Johnson Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.69 billion for 867 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Johnson Wealth doesn't advise any private funds.

Careers at Johnson Wealth Inc.

The company employs 109 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 56 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Johnson Financial Group	Direct owner	1 Jun 2016	75% - 100%	39-1629756
Robert Leslie Warner	Executive vice president and officer	1 Jun 2016	Other	1000297
Benjamin Thomas Pavlik	Legal counsel and assistant secretary	1 Jun 2016	Other	5860396
Mark C Behrens	Director, chief financial officer and secretary	1 Jun 2016	Other	6664975
Daniel J. Brunner	Vice president - finance	1 Apr 2018	Other	7038018
Adam Steven Bellmer	Chief compliance officer	1 Jul 2018	Other	5585459
Michael Joseph Cleary	Director and executive vice president	1 Oct 2018	Other	1144519
Brian Keith Andrew	Director, president, executive vice president - wealth, chief investment officer	1 Oct 2018	Other	2240211
Richard John Wilson	Vice president - financial analyst	1 Apr 2019	Other	3070781

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Johnson Financial Group Voting Trust	Shareholder of a and b shares	1 Jun 1991	50% - 75%	00-0000000
Helen Johnson Leipold	Trustee	1 Feb 2010	Other	6678059

Based in Milwaukee

The principal office where Johnson Wealth Inc. performs its advisory services is located at 100 East Wisconsin Avenue, Milwaukee, WI 53202, which is also the mailing address of the firm. An additional office of the firm is in Racine, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 414-291-4500 or by fax 414-270-2241. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at clearygulladvisors.com.