Fleischer & Johnson Wealth Management, Inc.

Fleischer & Johnson Wealth Management, Inc. provides discretionary portfolio management to individuals and high‑net‑worth individuals and serves as both sponsor and sole portfolio manager for a wrap fee program. The firm reports managing about $102 million for roughly 232 client accounts and prepares an Investment Policy Statement for each client; there is no account minimum.

The firm’s investment approach emphasizes modern portfolio theory and long‑term investing, documents client risk tolerance and time horizon, and typically operates under discretionary authority while reviewing accounts at least annually. As the wrap program sponsor, the firm charges a single bundled fee and pays transaction costs for participating accounts, and it also offers a securities lending option through a third‑party lending program (from which the firm states it receives no additional compensation).

What is noteworthy about this firm compared with many peers is the high client load for a solo advisor, its role as sponsor/portfolio manager of a wrap program (a relatively uncommon structure for independent advisors), and an affiliation with insurance activities — certain personnel are licensed to sell insurance and annuity products, which can create commission conflicts. The brochure discloses these potential conflicts and describes controls such as a written Code of Ethics, fiduciary acknowledgements for retirement accounts, and documented procedures for addressing conflicts of interest.