AdvisorCensus / Financial advisors / California / San Francisco / Destination Wealth Management
Destination Wealth Management is an SEC-registered investment advisory firm in Walnut Creek, CA, registered since 1996, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.
Quick answers
From the filingHow is Destination Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Destination Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
How much does Destination Wealth Management charge?
Its Form ADV Part 2A brochure dated April 2, 2026 states: Hourly rate: $250 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Destination Wealth Management located?
Destination Wealth Management's principal office is in Walnut Creek, CA, according to its Form ADV.
Is Destination Wealth Management registered with the SEC or a state?
Destination Wealth Management is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 110365.
How much does Destination Wealth Management manage?
Destination Wealth Management reports $4,948,271,866 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary).
How have Destination Wealth Management's assets and staff changed since 2021?
In the Form ADV data for Destination Wealth Management: Regulatory assets under management: $3,226,536,075 in the October 2021 data and $4,948,271,866 in the October 2026 data, up 53%. Total employees: 52 in October 2021 and 68 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Destination Wealth Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (1,335); individuals (other than high net worth individuals) (937); charitable organizations (10).
Which custodians does Destination Wealth Management use?
Destination Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Destination Wealth Management report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110365
Does Destination Wealth Management state an account minimum?
Its Form ADV Part 2A brochure dated April 2, 2026 says: "DWM generally requires a minimum Household portfolio size of $500,000 for discretionary investment management services; however, DWM may waive this minimum requirement in its sole discretion."
What changed in Destination Wealth Management's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 34 to 31. Regulatory assets under management went from $4,145,050,618 to $4,948,271,866 (+19%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $500,000 (the brochure says it may be waived or negotiated)
The brochure's wording
DWM generally requires a minimum Household portfolio size of $500,000 for discretionary investment management services; however, DWM may waive this minimum requirement in its sole discretion.
Hourly rate: $250 an hour (financial planning services)
The brochure's wording
DWM’s standard hourly rate for financial planning services is $250 per hour, subject to a minimum engagement of six (6) hours.
As stated in the firm's Form ADV Part 2A brochure dated April 2, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$4,948,271,866 as of October 2026, filing dated July 14, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1996 (29 years)
- Employees
- Total: 68. Performing investment advisory functions: 31.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
28 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $4,948,271,866 | 68 | July 14, 2026 |
| October 2025 | $4,145,050,618 | 56 | April 28, 2025 |
| October 2024 | $3,701,661,223 | 53 | April 23, 2024 |
| October 2023 | $3,211,516,711 | 51 | March 29, 2023 |
| October 2022 | $3,809,515,164 | 50 | April 21, 2022 |
| October 2021 | $3,226,536,075 | 52 | September 10, 2021 |
Regulatory assets under management: $3,226,536,075 in the October 2021 data and $4,948,271,866 in the October 2026 data, up 53%.
Total employees: 52 in October 2021 and 68 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 34 to 31.
- Regulatory assets under management went from $4,145,050,618 to $4,948,271,866 (+19%).
- December 2025
- Registered or notice-filed in SC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Destination Wealth Management (CRD 110365): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/destination-wealth-management-walnut-creek-ca-110365