Desmond Wealth Management
Desmond Wealth Management is a fee-only, tax-centric registered investment advisor in Walnut Creek, California, serving high-net-worth individuals age 50+ with $2M+ in investable assets through integrated financial planning, investment management, and tax preparation services; as of May 2026, the firm has been acquired by Savant Wealth Management.
- Company typePrivate
- Founded1987
- HeadquartersWalnut Creek, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Desmond Wealth Management does
Desmond Wealth Management, Inc. is a fee-only registered investment advisor founded in 1987 by Gregory M. Desmond, CPA/PFS, CFP and headquartered in Walnut Creek, California. The firm operates a tax-centric Personal CFO model aimed at high-net-worth individuals age 50 and older with at least $2 million in investable assets, organized around three primary client segments: business owners approaching retirement, corporate executives at or near retirement, and surviving spouses. The offering integrates financial independence planning, investment management, and tax planning/return preparation into a single advisor relationship supported by tri-annual client meetings and a multi-platform technology stack — Fidelity Institutional for custody, Orion for portfolio reporting, eMoney for the Financial Planning Vault, and TaxDome for secure document exchange — with tax preparation delivered through an affiliated entity, Desmond Consulting Group.
The revenue model is purely subscription/recurring, billed quarterly in advance as a percentage of Assets Under Management, with a $22,500 minimum annual fee and a $2,000,000 minimum in investable assets; the firm accepts no commissions, referral fees, or product sales, positioning itself as a conflict-free fiduciary. New client acquisition runs through a consultative 3-step funnel — initial 15-minute fit call, Discovery Meeting, and Strategic Blueprint Meeting — supplemented by website content marketing and a monthly newsletter. As of May 5, 2026, Desmond has been acquired by Savant Wealth Management, with investment advisory services now offered through Savant's national platform of 68 offices across 27 states.
The firm is structurally a 9-person boutique: leadership holds CPA, CFP, CFA, JD, and Enrolled Agent designations, and the team also includes dedicated operations, client service, and tax personnel within the affiliated Desmond Consulting Group. Onboarding is geographically focused on the Bay Area but extends nationwide via virtual meetings. The competitive profile is that of a niche, expertise-dense practice rather than a scalable technology platform, and its AUM (approximately $148 million at the time of the Savant transaction) places it firmly in the small-boutique segment of the RIA market.
Desmond Wealth Management firmographics
Firmographics- Name
- Desmond Wealth Management
- Legal name
- Desmond Wealth Management, Inc.
- Website
- https://desmondwealth.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Desmond Wealth Management is a fee-only, tax-centric registered investment advisor in Walnut Creek, California, serving high-net-worth individuals age 50+ with $2M+ in investable assets through integrated financial planning, investment management, and tax preparation services; as of May 2026, the firm has been acquired by Savant Wealth Management.
- Ownership category
- akta.pro rank
Desmond Wealth Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industry
- Discretionary Portfolio Management (Retail) (FSAAAAAH)
Keywords
Where Desmond Wealth Management is headquartered
LocationHeadquarters
- HQ city
- Walnut Creek
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Desmond Wealth Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Assets Under Management (AUM) Fees: Fee-only compensation model where the firm is solely compensated by fees paid directly by clients. Annual fee based on Assets Under Management, billed quarterly in advance. No commissions, referral fees, or product sales. Minimum annual fee of $22,500.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | AUM-based fee tiers with $22,500 minimum annual fee |
| Subscription | Annual | $2M+ investable assets requirement |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Desmond Wealth Management product offering
Product offeringCore offering
Desmond Wealth Management is a fee-only registered investment advisor delivering integrated financial planning, investment management, and tax planning services as a personal CFO offering for high-net-worth individuals age 50+ with $2M+ investable assets. The firm serves business owners, corporate executives, and surviving spouses in the California Bay Area and nationwide via virtual meetings, charging an annual AUM-based fee with a $22,500 minimum.
Product overview
Desmond Wealth Management offers a unified Personal CFO Services platform designed for high-net-worth retirees and pre-retirees in the Bay Area. The core offering integrates three interconnected modules: Financial Independence Planning (providing strategic planning and retirement modeling), Investment Management (portfolio construction and management using Nobel Prize principles), and Tax Planning & Return Prep (tax minimization and compliance services through affiliated Desmond Consulting Group). The company specializes in serving clients age 50+ with $2M+ investable assets, focusing on a tax-centric approach to growing and protecting wealth. Investment Advisory services transitioned to Savant Wealth Management as of May 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal CFO Services
- Financial Independence Planning
- Investment Management
- Tax Planning & Return Preparation
Quantifiable outcome
- Clients receive integrated financial planning, investment management, and tax services through a single advisor relationship
- +1 more outcomes
Companies that use Desmond Wealth Management
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Desmond Wealth Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
Desmond Wealth Management partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Savant Wealth ManagementflagshipDesmond Wealth Management, Inc. has joined Savant Wealth Management. As of 5/5/2026, Investment Advisory services are now offered by Savant Wealth Management. This acquisition expands Savant's geographic reach and adds approximately $148 million in AUM to their portfolio of 68 offices across 27 states.
- Fidelity InstitutionalcoreFidelity Investments serves as the third-party custodian for all client investment and retirement accounts. Fidelity administers more than $11.7 trillion in assets for more than 40 million retirement savers.
- Desmond Consulting GroupcoreAffiliated full-service Tax and Accountancy Corporation that works together with Desmond Wealth Management to provide integrated tax and financial services to clients.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Desmond Wealth Management competitors and assessment
Company assessmentBroad incumbents
- Edelman Financial Engines: One of the largest RIAs in the U.S. with a broad HNW and mass-affluent offering including financial planning and investment management; comparable category but at much greater scale and broader client base.
- Carson Group: Hybrid RIA platform providing coaching, technology, and back-office services to financial advisors; comparable as an enabler/aggregator for the same advisor segment.
- Cetera Financial Group: Large network of independent financial professionals and RIAs offering wealth and advisory services; comparable as a wide-incumbent in the HNW advisory distribution stack.
Direct peers
- Creative Planning: Fee-only RIA serving HNW clients with integrated tax, estate, and investment planning; directly comparable in offering breadth, fee structure, and HNW focus.
- Mariner Wealth Advisors: National fee-only RIA providing comprehensive wealth advisory including tax planning, estate, and investment services to HNW individuals and business owners; similar model and client profile.
- Mercer Advisors: National RIA delivering consolidated investment management, financial planning, tax, and estate services to HNW families; directly comparable in service breadth and target customer.
- Buckingham Strategic Wealth: Fee-only RIA focused on evidence-based investment management integrated with tax and financial planning for HNW households; close peer in philosophy and offering.
- Hightower Advisors: Multi-office RIA platform aggregating HNW-focused practices; directly comparable as a roll-up acquirer of similarly-positioned boutique wealth managers.
- Savant Wealth Management: Acquirer of Desmond (May 2026) and a large fee-only RIA serving HNW individuals and families across 68 offices in 27 states; comparable as a multi-credentialed, tax-and-investment-integrated RIA platform.
Emerging players
- Wealth Enhancement Group: Acquisitive, fast-growing RIA platform serving HNW individuals with planning-led wealth services; directly comparable as a competing consolidator within the same boutique-RIA M&A universe.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Desmond Wealth Management social profiles
Digital presenceDesmond Wealth Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Desmond Wealth Management leadership team
Management profileNumber of profiles
Profiles8 records
Desmond Wealth Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Desmond Wealth Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Desmond Wealth Management
What does Desmond Wealth Management do?
Desmond Wealth Management is a fee-only registered investment advisor delivering integrated financial planning, investment management, and tax planning services as a personal CFO offering for high-net-worth individuals age 50+ with $2M+ investable assets. The firm serves business owners, corporate executives, and surviving spouses in the California Bay Area and nationwide via virtual meetings, charging an annual AUM-based fee with a $22,500 minimum.
Is Desmond Wealth Management a public or private company?
Desmond Wealth Management is a private company. It is classified as corporate owned and is currently acquired.
When was Desmond Wealth Management founded?
Desmond Wealth Management was founded in 1987. It employs 1 to 10 people.
Where is Desmond Wealth Management based?
Desmond Wealth Management is headquartered in Walnut Creek, United States, in the North America region.
How does Desmond Wealth Management make money?
One revenue line is on record: assets Under Management (AUM) Fees.
Who are Desmond Wealth Management's main competitors?
Broad incumbents on record are Edelman Financial Engines, Carson Group and Cetera Financial Group. Direct peers are Creative Planning, Mariner Wealth Advisors, Mercer Advisors, Buckingham Strategic Wealth, Hightower Advisors and Savant Wealth Management. Wealth Enhancement Group is listed as an emerging player.
Does Desmond Wealth Management have an API?
No public API is recorded for Desmond Wealth Management.
What industry is Desmond Wealth Management in?
Desmond Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAAAAH, Discretionary Portfolio Management (Retail). Its NAICS code is 523940 and its SIC code is 6282.