Michael Johnson is a registered investment advisor at Savvy, based in Lehi, UT, with 23 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,207 clients with $1.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Savvy Advisors charges a percentage of your managed assets. These fees are negotiable and typically range from 0.3% to 1.9% per year, depending on the size and complexity of your account. Fees are billed either quarterly or monthly, in arrears or in advance. Savvy generally requires a $500,000 minimum account size, but this is negotiable. In some cases, investment management fees will be based on a percentage of the client’s net worth, ranging between 0.1% and 0.4%. Clients may be charged an additional fee for direct indexing and covered calls strategies.
Location
Lehi, UT
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael owns shares of Sower Farmland, a Limited Partnership. He takes no active role and exercises no control over the business.
Employment History
Previous Registrations
Zacks Investment Management, INC.
Pillar Capital Advisors, LLC
Pillar Capital Advisors, LLC
Pillar Capital Advisors, LLC
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.