Destination Wealth Management

What Destination Wealth Management does

Destination Wealth Management is a fee-only registered investment advisor founded in 1986 by Michael Yoshikami, headquartered in Walnut Creek, California. The firm provides wealth management services through a D360 Services framework that combines portfolio strategy, tax services, and estate coordination for individuals and families, with a smaller institutional investor segment. The firm maintains 101-250 employees, including 15+ CERTIFIED FINANCIAL PLANNER® professionals, and operates under a fiduciary standard as an SEC-registered investment advisor with notice filings in nine US states (Arizona, California, Colorado, Hawaii, Nevada, New York, Oregon, Texas, and Washington). The firm claims to serve clients across the United States and internationally.

Name

Destination Wealth Management

Legal name

Destination Wealth Management

Website

https://destinationwm.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

Destination Wealth Management is a fee-only SEC-registered investment advisor founded in 1986 that provides wealth management, investment management, financial planning, and portfolio stress test analysis to individuals, families, and institutional clients across the United States.

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (Retail) (FSAAAAAH)

akta.pro secondary industries

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Investment management services
• Financial planning advisory
• Wealth management firm
• Portfolio construction management
• Fiduciary financial advisory

Headquarters

HQ city

Walnut Creek

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset-Based Advisory Fees: Fee-only advisor compensated based on a percentage of assets under direct management. No commissions. Uses custodians Charles Schwab and Fidelity Investments to safeguard client assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Destination Wealth Management is a fee-only SEC-registered investment advisor providing investment management, strategic financial planning, and D360 comprehensive wealth management services to individuals and families. Core offerings include discretionary portfolio construction and management supported by an in-house Research Department, complimentary financial planning for investment management clients, estate planning/tax review coordination, and portfolio stress test analysis.

Product overview

Destination Wealth Management offers a unified wealth management platform centered on D360 Services, which provides comprehensive 360-degree financial strategy solutions combining portfolio strategy, tax services, and estate coordination. The core offering includes Investment Management with multiple portfolio strategies (Concentrated Growth, Focus Growth, Equity Growth, Equity Income, Strategic Balanced, Conservative Balanced, Fixed Income, ESG) available in Global, Domestic, and Sustainable Responsible allocations, plus Financial Planning as a complimentary foundation benefit. Add-on services include Stress Test Analysis for portfolio risk identification and the DWM Client Portal with mobile app for account access. The platform operates through custodians Charles Schwab and Fidelity Investments, with Electronic Services powered by Performance Technologies and Yodlee account aggregation.

Differentiator

Problem solved

Functional benefit

Products and services

• D360 Services A 360-degree wealth management service combining Life Map financial planning, proprietary research, communication, estate planning/tax review, and stress test analysis for individuals and families seeking comprehensive financial strategy solutions.
• Investment Management Discretionary portfolio strategy, construction, and management services based on fundamental analysis, theme analysis, and economic analysis with tactical adjustments, offered to individual and institutional clients through custodians Charles Schwab and Fidelity Investments.
• Financial Planning Strategic financial planning services helping clients develop appropriate plans and investment strategies through listening, discussion, and collaborative development of financial plans; offered as a complimentary foundation benefit to investment management clients.
• Stress Test Analysis Customized portfolio stress testing examining volatility characteristics, fixed credit quality/duration, valuation metrics, and other statistical measures to identify portfolio risk factors; available to clients with a minimum portfolio size of $500,000.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

Partnerships

One partnership is on record.

• BlackRockminorOthersManager of iShares Interest Rate Hedged Corporate Bond ETF (LQDH), an investment product that DWM and other institutional investors hold positions in.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mariner Wealth Advisors: Independent RIA offering comprehensive wealth management, tax, estate, and investment advisory services to individuals and families. Comparable as a multi-strategy, fee-only advisory firm with proprietary research and a coordinated planning offering analogous to DWM's D360 Services.
• Cambridge Investment Research: Independent broker-dealer and RIA supporting financial advisors with wealth management, planning, and investment solutions. Comparable in serving individual investors through a fee-based advisory model with institutional custodian relationships, though operating as an advisor-support platform rather than direct advisor.
• Hightower Advisors: National RIA providing wealth management, investment advisory, and financial planning through advisor teams. Comparable in fee-only fiduciary model and comprehensive wealth services for individuals, families, and institutions, though operating via partnership/team model versus DWM's centralized structure.
• Edelman Financial Engines: One of the largest independent RIAs offering investment advisory, financial planning, and retirement services. Comparable as fee-only RIA with proprietary portfolio construction, advisor-led model, and broad individual investor focus similar to DWM.
• Carson Group: National wealth management firm offering advisory, planning, tax, and investment services to individuals. Comparable as a fee-based RIA with comprehensive wealth offering, proprietary research/coaching, and focus on advisor-led financial planning for mass-affluent and HNW clients.
• Mercer Advisors: National RIA providing comprehensive wealth management, estate planning, tax, and investment advisory services. Comparable in fee-only fiduciary model, integrated planning-and-portfolio approach analogous to D360, and HNW/mass-affluent individual focus.
• Creative Planning: Large independent, fee-only RIA providing comprehensive financial planning, investment management, tax, and estate services. Comparable in fee-only fiduciary model, comprehensive planning approach, and focus on mass-affluent and HNW individuals and families.
• Fisher Investments: Large independent, fee-based RIA providing discretionary portfolio management to individuals and institutions. Directly comparable as a privately-held, founder-led advisory firm with proprietary research and concentrated portfolio strategies serving high-net-worth and institutional clients.

Broad incumbents

• Charles Schwab Wealth Advisory: Schwab's in-house discretionary wealth advisory service and Schwab Intelligent Portfolios. Comparable as a custodial and advisory relationship to DWM's clients, but also competes as a low-cost incumbent advisory alternative served by DWM's own custodian partner.
• Vanguard Personal Advisor Services: Vanguard's hybrid (digital + advisor) wealth advisory service for individual investors. Comparable as a fee-based advisory offering portfolio management and financial planning, but operates at massive scale with index-tilted strategies and lower pricing that pressures independent RIAs like DWM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DestinationWM
• Facebookfacebook.com/destinationwm

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Destination Wealth Management