DeLuca Veale is an independent fee-based portfolio management firm. We offer unbiased, objective advice to help our clients with their most important financial decisions. As a portfolio management firm, we have a fiduciary duty to our clients, and as such, we must put our clients’ interests first. It is important to recognize that we are neither employed nor compensated by any broker or third-party dealer. As a result, we are not incented to sell specific third-party investment products or mutual funds to our clients. Independence allows us to focus exclusively on our clients’ best interests without the need to consider other conflicted agendas.
Our company is built around a clientele that has accumulated $500,000 or more to invest. Our clients rely on us to build investment plans that will meet their needs for growth, income or both. To determine their needs accurately, we work through a personal evaluation of their objectives that will consider any other resources they may have, such as pensions or future inheritances, and which will contribute to their needs. Completing this exercise allows us to determine what role their investments must play in satisfying their overall requirements for income and growth. With a clear understanding of what their investments must achieve, we can then set their portfolio allocations and begin our investment work.
Managing investments is our daily responsibility. Our clients hold their stocks and bonds within a custodian account in their own name, with DeLuca Veale managing these holdings according to their objectives determined above. It is thus a very clean and unbundled manner in which our clients are invested. That is a key difference in dealing with a portfolio management firm and part of what our clients enjoy most about dealing with De Luca Veale: it is easy to see what you own and what is happening day-to-day for you and your investments.
We see our role as being a key contributor to our clients’ financial well-being, and as such, we have long wanted to offer more investment diversification to our clientele than what our industry typically brings to bare. To accomplish this goal, we have founded a real estate LP called RealStream™ Income Properties LP. This internally managed real estate investment is distributed by DeLuca Veale to those current and future clients looking for the added diversification of owning income-producing commercial real estate. RealStream™ will add value and stability to portfolios thanks to producing additional cash flow along with long-term capital growth. Just as the name implies, ‘Real’ for real estate and ‘Stream’ for cash flow.
An important component of our business model since day one, is that we invest alongside our clients. We strongly believe we have created the right team and the right process for creating and managing long-term wealth and to keep our own best interests fully aligned with our clients, we personally invest in what they are invested in.
Richard DeLuca and Jonathan Veale
Portfolio Managers / Partners
Mr. DeLuca is a Commerce Program graduate from the University of Victoria and a designated Canadian Investment Manager. Mr. Veale is also a designated Canadian Investment Manager in addition to a CFA Charter Holder since the year 2000. DeLuca Veale, now in its ninth year of operations, is managed by its’ two founders.