TrueAdvisor
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LJ
CFP
LJ
CFP

Luke Johnson

Boreal Advisors LLC
18 Years of Experience
New Brighton, MN
Sells Insurance
View SEC Summary
View SEC Summary

Luke Johnson is a CFP-designated registered investment advisor at Boreal Advisors LLC, based in New Brighton, MN, with 18 years of industry experience. Luke operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 82 clients with $57M in assets under management.

Boreal Advisors LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1 advisor
Number of Clients
82 clients
Average Client Portfolio
$695K average
Assets Under Management
$57.0M

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K1.00%
$500K - $1.0M0.75%
$1.0M - $2.0M0.50%
$2M+0.30%

Passively managed accounts are charged an annual fee of up to 0.50%. Fees may be negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

929 Old Highway 8 NW, Suite 500, New Brighton, MN, 55112

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Luke is an independent insurance agent in New Brighton, MN. This investment-related activity requires minimal time.

Employment History
Current Registrations
Boreal Advisors LLC
January 2019 - Present · 7 yrs 9 mos
Previous Registrations
Ballast Advisors, LLC
February 2017 - March 2019 · 2 yrs 1 mo
Ameriprise Financial Services, INC.
December 2013 - February 2017 · 3 yrs 2 mos
Ameriprise Financial Services, INC.
August 2008 - December 2010 · 2 yrs 4 mos
Ameriprise Financial Services, INC.Broker
July 2008 - February 2017 · 8 yrs 7 mos
State Registrations2 states
MNTX
Advisor

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.

Exams
No exam information available for this advisor.
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