Lee Johnson Capital Management, LLC (Fort Worth)


Lee Johnson Capital Management, LLC is a large advisory firm based in Fort Worth. It manages $153.04 million of regulatory assets for 1,502 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Louisiana, and Texas.

Lee Johnson Capital Management 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.

Lee Johnson Capital Management: assets under management

The assets under management (AUM) of Lee Johnson Capital Management, LLC is $153.04 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 $124.74 million in discretionary accounts and $28.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $52.88 thousand.
Lee Johnson Capital Management has custody of $44.53 million in cash and securities for 205 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lee Johnson Capital Management, LLC 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 Lester Lee Johnson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lester Lee Johnson is individuals with 306 clients and $99.73 million of assets under management. Among the 8 most similar advisory firms, Lee Johnson Capital Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $151.88 million for 339 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.

Lee Johnson Capital Management doesn't advise any private funds.

Careers at Lee Johnson Capital Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lester Lee Johnson has been acting as President since 1 Dec 1998. Dane Hobby Petty joined the executive team most recently as the Chief Compliance Officer / Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lester Lee Johnson President 1 Dec 1998 75% - 100% 1614174
Cynthia Aileen Coskrey Chief compliance officer/treasurer 1 Oct 2004 Other 4127051
Andrew Clayton Heinz Vice president 1 Aug 2008 Other 3023047
Christy Leann Perrin Chief compliance officer 1 Nov 2011 Other 2708723
Dane Hobby Petty Chief compliance officer / chief operating officer 1 Nov 2014 Other 4578270
Andrew Clayton Heinz President/chief executive officer 1 Dec 2016 75% - 100% 3023047

Based in Fort Worth

The principal office where Lee Johnson Capital Management, LLC performs its advisory services is located at 6300 Ridglea Place, Fort Worth, TX 76116, 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 817-738-1451 or by fax 817-738-9056. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at ljcm.com.