At Yosemite Capital Management, our only "agenda" is to increase your wealth in a way that minimizes your risk. Yosemite Capital Management takes a unique approach to managing the needs of sophisticated investors. Unlike investment firms that benefit financially from constant account modifications or recommendations of proprietary products, Yosemite operates as a Registered Investment Advisor, deriving revenues from portfolio fees only.
We act as your fiduciary, which means we have only your objectives in mind. At Yosemite, objectivity and integrity are more than mere words; they're tenets that are central to our philosophy.
Our Guiding Principals
In this world of escalating complexity and constant change, sophisticated investors find real value in a financial approach that delivers expertise, confidence and strength of vision. That’s why Yosemite Capital Management puts such emphasis on proficiency and long-lasting relationships.
When your business or your family’s legacy is at stake, there is no substitution for professional counsel that is reasoned, rational, and scrupulously objective.That is why YCM takes a unique approach to managing the needs of sophisticated investors.
Every day, we help corporate executives, professionals, business owners, foundations, endowments, and other individuals of substantial means create the kind of full-scale financial plans that make a real difference in their dynamic lives. Yosemite understands more than the intricacies of investment vehicles; we understand more than what drives the markets; we understand how to form the kind of strong and meaningful relationships that can bring financial freedom to you.
“Our mission is to provide excellent comprehensive family and personal Wealth Management services that exceed our client’s expectations. Our business is people and their financial well being.
We believe that putting the financial integrity of our clients first ultimately serves the best interests of our associates and our communities. We are committed to applying our energies, intellect, and knowledge to achieving unsurpassed client satisfaction.
Expect a Team Approach.
When you engage Yosemite Capital Management, you gain access to every member of our professional team. Each member of the team couples strong ethics with specialized financial expertise, putting his or her focused skills to work with one goal in mind: helping you select the investment vehicles that are precisely appropriate for your needs.
We feel strongly that the best financial strategies are those that consider every aspect of your life and every facet of your business. We've organized our firm so that you benefit from a breadth and depth of solutions that includes portfolio management, tax planning, business consulting, employee benefits and human resource services, estate planning, and computer consulting.
From our outset, our investment services focus on you, the client. We start by carefully evaluating your financial objectives and then develop a strategy that blends with these parameters. We want to understand your growth goals, risk concerns and other important factors. This step is not only essential in helping you to select the appropriate service needed to meet your needs, but also to give the selection of investment vehicles.
In terms of investment philosophy, Yosemite Capital Management, LLC begins with the premise of investing for the long term. With that in mind, we try to identify a superior business with strong fundamentals. We want that business to be one that is comprehensible. Also, we want a business that experiences gradual growth rather than rapid change. Management is a key ingredient in growing a business; therefore, a superior management team is a contributing factor in selecting a company. Yosemite Capital Management, LLC defines risk not by a stocks relative volatility, but as the permanent erosion of a company's fundamental earning power. Lastly, yet equally important, we want to pay a reasonable price for the company.
Paul H. Heckler, Co-Founder
Paul H. Heckler
Managing Director & Chief Compliance Officer (CCO)
Paul Heckler measures his success one family at a time. It is, after all, how he built Yosemite Capital Management into a successful wealth management firm with 200+ clients (whom he calls family). Having grown up in New England as one of seven children, family is important to Paul. And, whether it is his team of advisors, client families, or his own family, Paul’s believes—people matter.
As the Co-Founder, Managing Director, and CCO of Yosemite Capital Management, Paul oversees the asset management services, integrated wealth planning, and compliance for the firm. His goal when starting the firm in 2001—with the vision and commitment of six of his career colleagues (now silent partners)—was objectivity. He and his partners set out to lead clients with a three-pronged approach—putting the clients’ interests first, providing honest and objective advice, and delivering solutions in an open architecture (i.e., without conflicts of interest).
Paul is keenly aware of the trust his clients show by putting YCM in charge of their personal finances. He reciprocates this trust by using well defined processes, talented people and a team approach—creating a unique institutional experience for individuals. He then expanded YCM’s expertise to include Integrated Wealth Planning to address the comprehensive needs of YCM’s clients.
Paul also believes that what makes their approach unique is not only the personal care and attention they have with every client, but the conversations they have early in the process, that help to create a shared vision, goals and objectives.
Paul came to California to attend a tennis tournament. The short story is, he’s been here ever since. He received a scholarship to USC and was recruited for an internship as a Financial Advisor with Morgan Stanley. Paul worked to build his personal practice, managing multimillion-dollar portfolios for institutional accounts. Within two years, he would be a Senior Portfolio Manager at Prudential-Bache (now Wells Fargo Advisors) where he was among the earliest adopters of one of the industry’s game-changing paradigm shifts—from the traditional commission-based fee structure to a fee-based asset management structure. Paul’s sense of attentiveness and putting clients first was proven to be successful, and he left Prudential to follow his friends and former colleagues to UBS-Paine Webber. As a Senior Portfolio Manager, Paul gained recognition for his instrumental role in building up its equity portfolio management program. After five years, he left to take on a new challenge as a senior-level portfolio manager in the fee-based asset management program with First Union Corp. It was here that he distinguished himself as a premier portfolio manager, and the first in company history to have two office locations—Newport Beach and Pasadena—to serve his loyal clients.
Paul would tell you that he owes his success to USC, where he was offered an opportunity that led him to where he is today. “That people went out of their way—it really resonated with me,” says Paul, and this became the foundation upon which Paul has built his career and Yosemite Capital Management.
Paul holds a Bachelor of Science in Business Administration from University of Southern California and has served as a Member of its Board of Directors for the School of Gerontology since 2005.
Paul strongly believes in work-life balance because of his passion for his family (wife Lynn and their two boys, Paul Jr. and John). He loves to play tennis—and also enjoys cars, reading business journals and autobiographies, architecture, real estate, and mathematics.
Lawrence Rutherford, CFP®
Lawrence Rutherford, CFP®
Director of Retirement Planning
Larry Rutherford joined Yosemite Capital Management in December 2008. With over 25 years in the Financial Planning and investment management industry, he brings a wide perspective and depth of experience to the firm.
As a longstanding Certified Financial Planner™, Larry has worked with mid-level to large corporate retirement plans. He enjoys providing Plan Sponsors and participant’s with innovative guidance and planning.
Through his expertise, he helps plan sponsors reduce their fiduciary liability exposure and helps plan committees meet their ERISA responsibilities. He commits to providing retirement education workshops to educate employers on how to maintain successful retirement plans and how to use these plans as a cornerstone for building wealth that can lead to financial independence and a secure retirement.
He offers personalized service and support, while maintaining continuous contact with TPAs, CPAs, and administrators.
Larry serves as an integral part of YCM’s Investment Policy Committee.
Prior to joining Yosemite Capital Management, he was a Managing Director at Glencrest Investment Advisors. During his career at Glencrest, Larry managed the Orange County office for private client wealth management and employee benefits investment services.
Prior to Glencrest, Larry served as Vice President of Investment Services with Bank of America’s Employee Benefits department. During his tenure there, Larry developed an interest in the retirement planning process; specifically pension plan options designed for small business owners and high net worth individual clients.
Larry also owned his own firm, Ensign Financial Group located in Irvine, California for a period that covered more than ten years.
After completing his Bachelor of Arts degree at Cal State University Fullerton, he pursued graduate studies through the University of Southern California while serving in the U.S. Air Force.
He has held the Certified Financial Planner™ designation since 1983 and has served on the Board of Directors for the Orange County Financial Planning Association. Larry has also been a longtime member of the Western Pension and Benefits Association in Orange County.
Larry is a native of So Cal and enjoys Golf and Sailing in his free time.
Bachelor of Science – California State University, Fullerton
John Kleponis, CFA
John Kleponis, CFA
Chief Investment Officer
John Kleponis serves as the Chief Investment Officer at Yosemite Capital Management. John leads the process of managing YCM’s model portfolios, which includes analysis of the economy and financial markets, tactical asset allocation, and security selection.
With a goal to be a good steward of the financial assets entrusted to his care and exceed the investment aspirations established by clients so they can live better lives, he brings a deliberate, analytical, and disciplined approach to managing wealth.
John understands that the keys to investment success include having a long term perspective, managing risk, embracing market volatility, avoiding emotional reactions to current events, and respecting the lessons of financial and economic history.
John has been in the investment management industry since 1992 following an earlier career as an engineer in the medical device and aerospace industries.
Passionate about what he does, John has taught several basic and advanced investment courses at the University of California at Irvine Extension and at Concordia University. He has also served as an expert witness in litigations involving asset allocation, portfolio construction, investment suitability, and the impact of trading on small cap stocks.
John has earned the Chartered Financial Analyst designation, the Series 65 License, an MBA from Pepperdine University, a Certificate in Biomedical Engineering from the University of California at Irvine Extension, and a Bachelor of Science in Mechanical Engineering from Drexel University.
Among his civic involvements, John is a member of the CFA Institute in the Orange County chapter where he has served on the board of directors and on the Scholarship Foundation’s Investment Policy Committee. Within the community he has been involved in several non-profit organizations, including serving on the executive boards of the Foothill High School Lacrosse Booster Club and Tustin Eastern Little League.
John’s leisure activities include traveling, camping, hiking, bicycling, and playing games. Originally from Pennsylvania, John lives in Tustin with his wife and their two children.
Chartered Financial Analyst® designation
MBA – Pepperdine University
Certificate in Biomedical Engineering – U.C. Irvine Extension
BS - Mechanical Engineering – Drexel University
Debra Curry, CFP®
Debra Curry, CFP®
Director of Financial Planning
As the Director of Investment Strategies, Debra implements her research and strategy expertise with clients. In addition, she is a member of the Investment Committee that defines the investment selections for the firm. Along with her objective to assist clients in navigating the complexities of their wealth, she developed a niche market with women, and founded an educational series—Influential Ladies of Orange County. Her mission is to educate and entertain women about financial topics that are important to them and their success, while including a charitable component.
Establishing and strengthening relationships to build communities and businesses is what Debra Curry does best. With more than 25 years of progressive leadership and achievements in the financial services industry, she understands the big picture and its assumptions—it’s in the people and the puzzle where her curiosity and interest are piqued. Debra’s success is rooted in her ability to connect with her clients—identifying and understanding their problems and/or challenges—and within the framework of the financial-planning lifecycle, her talent for designing solutions to fix them. She has earned a reputation as an authentic leader and educator—as witnessed by her loyal clientele and word-of-mouth referral business.
Debra credits her success and solid track record of client service to her early career experience and training at Merrill Lynch. After completing the firm’s prestigious Practice Management Development program, she soon achieved the rank of “Top 20 percent” among her peers nationwide. When asked to assist the firm in building a clientele in its Newport Beach office, she started from scratch and built a book of business by taking a customer-centric approach—identifying pain points, and educating prospective clients on opportunities to match financial solutions—thus improving their financial results, while addressing key concerns.
Debra’s leadership also extends to her own community, where she is highly active. She volunteers as the president of the California Parkinson’s Group Foundation (CPG)—which serves to support educational and social activities for the Early Onset Parkinson’s community in Orange County, and at large through the CPG support network. She’s also a member of the Financial Planning Association; volunteers as a member of Smart Women supporting Working Wardrobes—a nonprofit organization that supports women, men, and youths re-entering the workforce; and of course is an active participant in the Booster Clubs for activities for her kids.
Originally from Denver, Debra now lives in North Tustin, California with her husband Tim and two children, Rachel and Adam. She is active and supportive in the lives of her children, and if there is leisure time, Debra enjoys movies, theatre, and traveling.
David M. Jones, MBA, CFP®
David M. Jones, MBA, CFP®
Director of Wealth Planning
Providing leadership, vision, and expertise in financial and wealth planning strategies, Dave helps clients realize their personal and financial goals. As the Director of Wealth Planning for Yosemite Capital Management, LLC (YCM) in Tustin, California, Dave oversees and delivers the firm’s comprehensive and integrated planning services.
Drawing on experiences from his 24-year leadership career with Hewlett Packard, and a lifelong focus on financial planning, Dave offers his clients a consultative approach that results in a uniquely tailored, personalized solution. Specializing in the areas of retirement, estate and legacy planning, Dave develops an integrated solution with recommendations to ensure his clients are covered through all three phases of their financial life—wealth accumulation, wealth distribution, and wealth transfer.
Dave is also registered with the National Football League Players Association (NFLPA) Financial Advisor Program.
As a Certified Financial Planner™, Dave educates his clients in both the breadth and depth of the financial management landscape, keenly aware of his clients’ concerns of financial safety and comfort in every recommendation. His profound knowledge of the industry, his attention to detail, and the genuine care he demonstrates for his clients’ success has earned Dave a reputation as an expert in his field.
Dave is active in the community and currently serves on UC Irvine’s (UCI) Professional Advisory Council which supports the Office of Planned Giving, as well as serving as the Chair of the Planned Giving Advisory Council for Concordia University in Irvine, California.
Dave also served on the Paul Merage School of Business Dean’s Advisory Board at UCI, as well as serving as Chair of UCI’s Dean’s Leadership Circle and as an Advisory Board Member to The Center for Investment and Wealth Management at UCI’s Paul Merage School of Business.
Dave has been a featured speaker for a variety of organizations such as UCI’s Planned Giving Professional Advisory Council & Concordia University’s Planned Giving Advisory Council.
CA Insurance License # 0E65326
CERTIFIED FINANCIAL PLANNER™ certification
MBA – University of California, Irvine
BS - Electrical Engineering – University Of Illinois, Champaign/Urbana
Client Services Team
Client Services Team
The individual members of Yosemite Capital Managment's Client Services Team play vital roles as we focus our attention on each unique client and that client's financial goals. They are all driven by the idea that first-class client service is a critical element in the success of a financial services firm.
Araceli A. De La Cruz
Client Services Manager
Araceli applies her technical expertise to complement more than seven years' experience in the financial services industry. She oversees the Client Services Team and works closely with Yosemite Capital's advisors to ensure every client receives top-rate service. Prior to joining Yosemite Capital, Araceli held a similar position with AIG SunAmerica. As a graduate of the Art Center College of Design, she designs Yosemite Capital's proposals, performance reports and various marketing pieces. She is currently working on completing her MBA.