Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email
Loading
Tap on the profile icon to edit
your financial details.

Dowling & Yahnke Review

Your Details Done
by Updated

Dowling & Yahnke, LLC

Dowling & Yahnke, also known as Dowling & Yahnke Wealth Advisors, is a large, San Diego-based financial advisor firm. Its client base is made up of both institutional and individual investors, and it provides these clients with investment management and financial planning services. As a fee-only firm, all of its compensation comes from client-paid fees.

This firm is featured on SmartAsset's list of the top financial advisors in San Diego. The firm has a few other awards to boast, including being named a 2020 Top 300 RIA by the Financial Times.

Dowling & Yahnke Background

Dowling & Yahnke was founded in 1991. It is princiaplly owned by CI US Holdings Inc., which is wholly-owned by CI Financial Corp. CI Financial Corp is an independent Canadian asset manager.

The firm employs a sizable team of advisors, many of whom hold certifications. These include certified financial planner (CFP), chartered financial analyst (CFA), certified public accountant (CPA), certified divorce financial analyst (CDFA) and more.

Dowling & Yahnke Client Types and Minimum Account Sizes

Dowling & Yahnke works with both individual and institutional clients, though the majority of its client base is made up of individuals with a high net worth. Other clients include individuals with less than a high net worth, retirement plans, charities and businesses.

Dowling & Yahnke requires a minimum investment of $1 million for individual investors and a minimum of $2 million for institutional investors. These minimums may be negotiable.

Services Offered by Dowling & Yahnke

Dowling & Yahnke provides clients with both investment management and financial planning services. Sometimes these services are provided separately, but clients are also able to contract the firm for both services at once. Financial planning services are provided as a part of typical portfolio management services.

Portfolio management is provided on a discretionary basis. Financial planning can include retirement planning, estate planning, charitable gift planning, executive compensation planning and college fund planning.

Dowling & Yahnke Investment Philosophy

Dowling & Yahnke looks to tailor its investment management services to the needs and goals of clients. More specifically, advisors take note of each client's liquidity needs, income needs, risk tolerance, time horizon and other important factors. Once these characteristics form a clear picture, advisors will use it to create a workable long-term investment plan and investment policy statement (IPS).

The firm's advisors look to build portfolios that are diversified and tax-efficient. They attempt to minimize transaction costs, building portfolios using mutual funds, exchange-traded funds (ETFs) and certain individual securities. Advisors use a variety of research methods to inform their investment decisions. 

Fees Under Dowling & Yahnke

Fees for investment management services at Dowling & Yahnke are charged based on an annual percentage of each client's AUM. Rates go as follows:

Dowling & Yahnke Fee Schedule
Portfolio Value Annual Fee
First $2,000,000 0.85%
Next $1,000,000 0.70%
Next $7,000,000 0.50%
Above $10,000,000 0.40%

Here's what you can expect to pay as an investment management client at Dowling & Yahnke:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Dowling & Yahnke*
Your Assets Dowling & Yahnke Fee Amount
$500K $4,250
$1MM $8,500
$5MM $34,000
$10MM $59,000

Financial planning fees are charged based on the scope and size of each particular engagement. Hourly fees range from $250 to $500 per hour, and flat fees are negotiated on a case-by-case basis.

Dowling & Yahnke Awards and Recognition

Dowling & Yahnke has a number of awards that it's earned over the past several years. A few of the advisors at the firm have received their own awards from publications such as Barron's. In 2020, the firm itself was ranked on the Financial Times' list of the Top 300 Registered Investment Advisors in the U.S.

What to Watch Out For

There are no legal or regulatory disclosures present on Dowling & Yahnke's SEC-filed Form ADV.

Opening an Account with Dowling & Yahnke

The easiest way to become a client of Dowling & Yahnke is to call (858) 509-9500. You can also visit the firm's website and fill out a contact form so a representative can reach out to you directly.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research