Johnston Reid & Mitchell Inc (Portsmouth)

Johnston Reid & Mitchell Inc is a large advisory firm based in Portsmouth. It manages $80.7 million of regulatory assets for 48 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Maine, Maryland, and 3 other states.

Johnston Reid & Mitchell provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. 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 Reid & Mitchell: assets under management

The assets under management (AUM) of Johnston Reid & Mitchell Inc is $80.7 million. The firm's AUM has gone down by -67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $58.37 million in discretionary accounts and $22.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $531.63 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Johnston Reid & Mitchell Inc 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.

Careers at Johnston Reid & Mitchell Inc

James Marion Johnston has been acting as President since 1 Aug 1984. William Mitchell joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Seabury Reid	Treasurer	1 Aug 1984	25% - 50%	4333319
James Marion Johnston	President	1 Aug 1984	25% - 50%	1963126
William Mitchell	Vice president	1 Jul 1986	25% - 50%	1688663

Based in Portsmouth

The principal office where Johnston Reid & Mitchell Inc performs its advisory services is located at 81 Washington St, Portsmouth, NH 03802 The mailing address of the firm is P O Box 6549, Portsmouth, NH 03802 6549. It doesn’t run an office outside of the United States.