Desmond Wealth Management, Inc.

Desmond Wealth Management, Inc. is a registered investment advisor founded in April 2000 by Gregory Desmond, CPA/PFS, CFP®. The firm specializes in integrated wealth management services, including investment management, financial planning, and proactive tax planning. They manage assets of $124.4 million on a discretionary basis as of January 24, 2025. The firm generally requires a minimum relationship size of $2,000,000 to implement their investment process effectively. For their integrated wealth management services, Desmond Wealth Management charges a fee based on a percentage of assets under management, with a minimum annual fee of $22,500. Financial planning services are provided for a fee ranging from $200 to $500 per hour. The firm primarily uses passively managed index and exchange-traded funds for their equity core investments and offers strategic asset allocation globally diversified portfolios. Clients have investment discretion but can discuss changes with the firm before implementation. Desmond Wealth Management follows a buy and hold strategy with a minimum investment time horizon of five years. The firm's investment philosophy aims to minimize transaction costs and avoid highly speculative strategies. They do not receive performance-based fees and act as fiduciaries, providing services in the best interests of clients. Clients receive regular account reviews and performance reports. Gregory Desmond and Mitchell L. Struthers are the key professionals at the firm, with backgrounds in finance, accounting, and wealth management. They hold professional designations such as CPA, CFP®, PFS, and CFA. Desmond Wealth Management has no disciplinary actions reported and does not receive compensation from non-clients for advisory services. Gregory Desmond oversees all investment personnel at the firm. Mitchell L. Struthers provides tax and consulting services and is also the CFO of Struthers Family Operating Company, LLC.