SACRAMENTO, Calif., Sept. 24, 2018 /PRNewswire/ -- DeCamilla Capital, a Northern California-based private independent money management firm, today announced it is celebrating 20-years as an investment business that strictly follows the fiduciary standard. Although efforts by the federal government to create a fiduciary rule mandate for investment practitioners was shut down earlier this year, DeCamilla Capital carries on its pledge to act in their clients' best interests when it comes to investing as it has for the past two decades.
The company began in 1998 with that as its core philosophy. "I wasn't sure what to expect but having worked for a long time as a retail stock broker I did know that we had to believe in the value of unscrupulous honesty," said Dave DeCamilla, President and Chief Investment Officer, DeCamilla Capital. "It's like humorist Mark Twain wrote, 'Always do right; this will gratify some people and astonish the rest.'"
The fiduciary standard often referred to as the "conflict of interest rule" stressed that advisers must give conflict-free investment advice and put their clients' needs before the advisers' own potential compensation. The intent was to move away from commissions on various investment products and become completely transparent on what investment advisers do and the counsel they provide. The proposed rule was not as strong as what other nations have to protect investors such as banning commissions and requiring advisers to pass more difficult tests than in the United States.
"When the courts overturned the fiduciary rule, it failed consumers. Now potential investors need to ask even harder questions when talking to investment advisers," said DeCamilla.
He emphasized how his company has never accepted commissions or third-party products and endorsements. "We never will," he said.
As DeCamilla Capital moves into its third decade and continues to grow its capital base, the firm has added two new registered investment advisers to their team, 30-year investment professional Ron Petroff and associate Tigh Rickman.
"We embrace the future, no matter what it brings. Developing investment portfolios comprised of businesses that can endure tempests and uncertainties is what we do," said DeCamilla.
About DeCamilla Capital Management
Established in 1998, DeCamilla Capital customizes and manages enterprise-driven investment portfolios. Unlike many investment advisers and brokers DeCamilla Capital advisers operate as investment fiduciaries—managing the assets of clients for the clients' exclusive benefit.
DeCamilla Capital Management
SOURCE DeCamilla Capital Management