Johnson & White Wealth Management LLC (York)

Name: Johnson & White Wealth Management LLC
Address: 224 St. Charles Way, York, PA, 17402
Telephone: 717-430-0001

Johnson & White Wealth Management LLC is a large advisory firm based in York. It manages $229.52 million of regulatory assets for 860 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Maryland, Pennsylvania, Texas, and Virginia.

Johnson & White Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Johnson & White Wealth Management: assets under management

The assets under management (AUM) of Johnson & White Wealth Management LLC is $229.52 million. The firm's AUM has grown by 104% since the beginning of its operation, and $695.37 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $207.06 million in discretionary accounts and $22.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $250.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $701.78 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Johnson & White Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Johnson & White Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Johnson & White Wealth Management is high net worth individuals with 62 clients and $115.78 million of assets under management. Among the 9 most similar advisory firms, Johnson & White Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $227.72 million for 421 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 & White Wealth Management doesn't advise any private funds.

Careers at Johnson & White Wealth Management LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives 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
Johnson & White Capital Group Llc	Managing member	1 May 2014	75% - 100%	99-9999999

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Paul White	Managing member	1 May 2014	50% - 75%	1913077
Christopher Lynn Johnson	Managing member	1 May 2014	50% - 75%	3062959

Based in York

The principal office where Johnson & White Wealth Management LLC performs its advisory services is located at 224 St. Charles Way, York, PA 17402, 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 717-430-0001. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at johnsonandwhite.net/.