Destination Wealth Management provides discretionary portfolio management and financial planning services to individuals, high-net-worth clients, trusts, estates, and businesses. The firm builds customized portfolios using a mix of global and domestic equities, fixed income securities, exchange-traded funds, mutual funds, and alternative investments such as private placements and structured products. Destination Wealth Management tailors strategies to match each client's specific risk tolerance, time horizon, and investment goals. In addition to managing investments, the firm integrates financial planning into its wealth management services, covering cash flow analysis, retirement projections, tax reviews, and estate planning considerations. For households with over $3,000,000 in assets managed by the firm, Destination Wealth Management also covers certain costs for third-party estate planning and tax preparation services. Clients typically maintain their accounts with independent custodians such as Charles Schwab or Fidelity Investments.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.15% |
| $500K - $1.0M | 0.98% |
| $1.0M - $2.0M | 0.93% |
| $2.0M - $3.0M | 0.88% |
| $3.0M - $4.0M | 0.83% |
| $4.0M - $5.0M | 0.78% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $15.0M | 0.70% |
| $15.0M - $20.0M | 0.65% |
| $20M+ | 0.60% |
Portfolios exceeding $5 million transition to a flat rate applied across all assets. Fixed-income-only portfolios or charitable accounts may be charged lower rates on an ad hoc basis.