Johnson Midwest Financial, LLC (Glidden)

Name: Johnson Midwest Financial, LLC
Address: 706 Montana Street, Glidden, IA, 51443
Telephone: 712-659-2156

Johnson Midwest Financial, LLC is a large advisory firm based in Glidden. It manages $133.2 million of regulatory assets for 1,483 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Iowa, Minnesota, Nebraska, Oklahoma, and Texas.

Johnson Midwest Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Johnson Midwest Financial: assets under management

The assets under management (AUM) of Johnson Midwest Financial, LLC is $133.2 million. The firm's AUM has grown by 81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.89 million in discretionary accounts and $316.2 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $35.13 thousand.

Johnson Midwest Financial has custody of $71.22 million in cash and securities for 612 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Johnson Midwest Financial, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Johnson Midwest Financial serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Johnson Midwest Financial is individuals with 462 clients and $95.35 million of assets under management. Among the 10 most similar advisory firms, Johnson Midwest Financial has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $131.85 million for 494 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 Midwest Financial doesn't advise any private funds.

Careers at Johnson Midwest Financial, LLC

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Brian Dale Johnson	Managing member/ chief compliance officer	1 Apr 2014	75% - 100%	1550487
Joann Johnson	Minority owner	1 Apr 2014	Other	6228559

Based in Glidden

The principal office where Johnson Midwest Financial, LLC performs its advisory services is located at 706 Montana Street, Glidden, IA 51443, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 712-659-2156. The normal business hours are 8:00am-4:30pm m-th 8:00am-noon friday on Monday - Friday. You can find more information about the New York firm at midwestfinancial.us.