FAQ’s: About Johnston Investment Counsel
How long have you been in business?
Johnston Investment Counsel was formed in 1997. Although, its president has been in the investment industry since 1987.
Who Owns Johnston Investment Counsel?
Johnston Investment Counsel is 100% owned by its employees. It is a totally independent organization.
Is your firm owned or affiliated with another organization?
No. JIC is not affiliated with any other organization. As such, our advice and recommendations are solely for the benefit of our clients.
Is your firm registered as an investment advisor?
Does your firm or any employees have any disciplinary citations against it/them?
Describe the type of clients you work with.
JIC works with both individual and institutional clients. Institutional clients are businesses, not-for-profit, and endowments and foundations.
Must clients be located in your geographic area?
No. In fact, JIC has several clients located in various parts of the world. JIC communicates with them via email, phone calls, and our desktop sharing software for presentations.
How do you get compensated?
JIC is a fee-only organization. JIC does not accept commission based business. By having fees that are disclosed and transparent we believe any potential conflict of interest are reduced.
What are your qualifications?
Members of Johnston Investment Counsel have advanced degrees. Staff members also possess serveral professional designations including Chartered Financial Analyst, Certified Financial Planner, Qualified Plan Financial Consultant, and Accredited Investment Fiduciary.
Is ongoing continuing education important ?
We think so. Unfortunately, not all financial advisors are required to continue their education. Investment options, economic conditions and tax policy and other financial planning areas are constantly changing. We believe maintaining an up-to-date staff will help our clients reach their goals and objectives. As a member of the National Association of Personal Financial Advisors, we must obtain 60 hours of continuing education credit every two years.
Are you a fiduciary? What exactly does that mean?
Johnston Investment Counsel is a fiduciary to its clients which means we have the legal obligation to put our clients’ interests ahead of our own. Registered investment advisors are fiduciaries, brokers and agents are not fiduciaries, but follow as less stringent standard known as the suitability standard.