A. Description of Firm Destination Wealth Management ("Destination”, the "Firm", “Adviser” or "we"), a Delaware corporation, is an SEC- registered investment adviser with its principal place of business located in Walnut Creek, California. Destination's registration became effective on October 11, 1996. The Firm's principal shareholder (i.e., those individuals and/or entities controlling 25% or more of this company) is Michael Allen Yoshikami (CRD Number 1929209). Mr. Yoshikami is the CEO and Founder of the Firm. B. Types of Advisory Services Offered Destination provides discretionary investment advisory and financial planning services (as more fully described below) to individuals, high net worth clients, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities. The Firm offers the following advisory services to our clients: 1. Investment Management Services Portfolio strategy and the allocation to equity and/or fixed income asset classes are important considerations when assessing the most appropriate investment plan for a client's situation. Through personal discussions in which goals and objectives, based on a client's particular circumstance are established, we determine which investment strategy best meets the needs and objectives of each client and create and manage a portfolio based on that strategy. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. In addition, we provide financial planning as part of our overall investment management services at no additional cost. A review of a client's circumstances will occur as needed to assess the appropriateness of the strategy for each client. Arrangements for meeting time and location will be arranged by Destination and the client. Clients are required to inform Destination of any change in their financial condition, risk tolerance, needs, goals, time horizon or other objectives in a timely manner. Clients can impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. We manage client accounts on a discretionary basis. Account supervision is guided by the client's desired objectives (e.g., capital appreciation, preservation, growth and/or income), as well as other considerations. Primary investment management services include, but are not limited to the following:
• Asset Allocation Design
• Investment Research and Asset Selection
• Portfolio Monitoring and Rebalancing Assets are allocated/reallocated on an ongoing basis to assure that client’s overall portfolio matches the client's risk tolerance, investment objectives, and the selected investment strategy. Portfolios are designed to meet individual client objectives using a variety of investments. Destination offers numerous target portfolios using a range of asset classes and securities types to enable an appropriate allocation to be adapted for each client based on their needs. For our clients who have more than one account in the same target portfolio, securities will be allocated across the accounts which could result in no one account holding the same positions or allocations. Purchasing different securities in different accounts avoids duplication of purchases which can lead to lower trading fees. It also permits Destination to take better advantage of the different tax status of account(s) which can over time lead to better after-tax returns. Our investment recommendations are not limited to any specific product or service offered by a broker-dealer and generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Mutual fund shares
• Exchange Traded Funds ("ETFs")
• United States governmental securities
• Options contracts on securities
• Options contracts on commodities
• Interests in partnerships Because some types of investments involve certain additional degrees of risk, they will only be implemented / recommended when suitable for the client and consistent with the client's stated investment objectives, tolerance for risk, and liquidity needs. For those client accounts subject to the

Employee Retirement Income Security Act of 1974, as amended ("ERISA"), Destination provides the following services. As a 3(21)(a) "fiduciary" with respect to the client as that term is defined under Section 3(21)(A) under ERISA, Destination will provide investment advisory recommendations to: (i) its clients who are / were participants in their company's 401(k), or (ii) to plan sponsor who desire recommendations on the selection of individual investments; and Additional terms, conditions and representations are found in Destination's client agreements. 2. Financial Planning Services Financial planning is an evaluation of a client's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Financial planning services are provided pursuant to a separate written agreement between Destination and the client, and such services include:
• Net Worth and Financial Profile Analysis;
• Cash Flow Projections;
• Income Tax Review;
• Education Funding;
• Life Insurance Analysis;
• Estate Planning Review; and
• Retirement Planning. We gather required information through in-depth personal interviews. Information gathered includes, among other things, the client's current financial status, tax status, future goals, return objectives and attitudes towards risk. We carefully review documents supplied by the client, including a questionnaire completed by the client, and prepare a written report. Should the client choose to implement financial planning recommendations provided by Destination, we suggest the client work closely with his/her attorney, accountant, insurance agent and/or financial consultant. Implementation of financial planning recommendations is entirely at the client's discretion. Financial planning recommendations made by Destination are not limited to any specific product or service offered by any particular broker-dealer or insurance company. C. Information Related to the Firm's Services 1. Information Received from Individual Clients The Firm will not assume any responsibility for the accuracy of the information provided by the client. The Firm is not obligated to verify any information received from the client or from the client's other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. Under all circumstances, clients are responsible for promptly notifying the Firm in writing of any material changes to the client's financial situation, investment objectives, time horizon, or risk tolerance. In the event that a client notifies the Firm of changes in the client's financial circumstances, the Firm will review such changes and recommend any necessary revisions to the client's portfolio. 2. Advisory Services, Agreements and Disclosures Prior to engaging the Firm to provide investment management or financial planning services, the client will be required to enter into one or more written agreements with the Firm setting forth the terms and conditions under which the Firm shall render its services. In accordance with applicable laws and regulations, the Firm will provide its Brochure and one or more brochure supplements to each client or prospective client prior to or contemporaneously with the execution of an agreement. The agreement between the Firm and the client will continue in effect until terminated by either party pursuant to the terms of the agreement. Neither the Firm nor the client can assign the agreement without the consent of the other party. 7 3. Restrictions/Guidelines Imposed by Clients Clients can impose reasonable guidelines and/or restrictions on investing in certain securities or types of securities. All such guidelines and restrictions must be communicated to the Firm in writing. There may be times when certain restrictions are placed by a client, which prevents the Firm from accepting or continuing to manage the account. The Firm reserves the right to not accept and/or terminate management of a client's account if it feels that the client's imposed restrictions would limit or prevent the Firm from meeting investment objectives and/or maintaining appropriate investment strategies. D. Participation in Wrap Programs The Firm does not participate in any wrap programs at this time. E. Assets Under Management As of December 31, 2022, the Firm managed on a discretionary basis $3,211,516,711 of client assets which represented 5463 accounts and $0.00 of client assets on a non-discretionary basis.