Episode 138: The Journey to Fee-Only Financial Success

Derrick Johnson brings over 30 years of experience as a financial advisor. He started his career as a sophomore in college working as a registered representative for a major financial services firm. After earning his bachelor’s degree in business administration from the University of North Dakota, he continued on that path for another 10 years. In 2002, he founded Johnson Wealth Management, LLC to offer clients an option of working with a fee-only financial planning firm. Derrick is a Certified Financial Planner™ practitioner and a member of the Financial Planning Association. Derrick believes that a well-rounded financial plan is the cornerstone of success, he specializes in financial, investment, and philanthropic planning. His breadth of experience equips him to craft tailored strategies that align with each client's unique goals. Over the years, Derrick's unwavering commitment and exceptional service have earned him a robust clientele of satisfied individuals. Raised in Grand Forks, North Dakota, Derrick is deeply integrated into his community. He shares his life with his wife, Tara Johnson and their two dogs. He enjoys reading, is a private pilot and an avid golfer. Listen to this insightful RIA episode with Derrick Johnson about the journey to fee-only financial success. Here is what to expect on this week’s show: - How word of mouth referrals and relationships with CPAs are key to growing a practice in a rural area. - Why it’s important to help your clients maintain a long-term perspective during market fluctuations. - Why you must help your clients emotionally prepare for retirement while addressing their needs and concerns. - How the transition from growth-focused investing to distribution planning is a critical phase and involves discussions about lifestyle changes and cash flow. - How you should provide your clients with consistent information and help them understand the importance of long-term strategies. Connect with Derrick: LinkedIn linkedin.com/in/derrick-johnson-155a553 Learn more about your ad choices. Visit megaphone.fm/adchoices