Johnston Lemon Asset Management Inc (Washington)

Johnston Lemon Asset Management Inc is a large advisory firm based in Washington. It manages $168.47 million of regulatory assets for 185 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of District of Columbia.

Johnston Lemon Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Johnston Lemon Asset Management: assets under management

The assets under management (AUM) of Johnston Lemon Asset Management Inc is $168.47 million. The firm's AUM has grown by 115% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139.55 million in discretionary accounts and $28.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $413.21 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Johnston Lemon Asset Management Inc for their services and products based on a percentage of assets under management. 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.

Careers at Johnston Lemon Asset Management Inc

Thomas Terrance Wallace has been acting as President since 1 Sep 1995. John Franklin Clardy joined the executive team most recently as the Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lemon & Co. Incorporated Johnston	Parent corporation	1 Feb 1986	75% - 100%	473
Thomas Terrance Wallace	Chairman	1 Sep 1995	Other	457698
Donald Edward Clem	Sec,treas,cfo,cco,director	1 Sep 1995	Other	1458912
Frederic Gerard Burke	President	1 Jul 1998	Other	2579408
Kenneth Irvin Miller	Chief compliance officer / sec/treas	1 Feb 2007	Other	1466499
John Franklin Clardy	Manager	1 Jan 2011	Other	2672188

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Johnston Lemon Group	Holding company	1 Jan 1990	75% - 100%	52-1677204
James Hanson Lemon	Shareholder of holding co.	1 Jan 1990	25% - 50%	306446

Based in Washington

The principal office where Johnston Lemon Asset Management Inc performs its advisory services is located at 1101 Vermont Avenue, Suite 800, Washington, DC 20005, 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 202-842-5506 or by fax 202-842-7184. The normal business hours are 8:00am - 5:00pm on Monday - Friday.