Mr. Devkota is a representative of Devkota Capital Advisors LLC (DCA), which is a registered investment adviser in the state of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
All investing is risky and past performance, whether actual or tested, is no guarantee of future results. Current or prospective clients cannot therefore be assured that the methods used by DCA will result in profits, or that losses will not be incurred.
Unless explicitly stated otherwise, charts and graphs used by this website marked as “illustrations” are for educational purposes only, and are not intended to represent DCA’s actual track record. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.
No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Our daily models fee is higher than the industry standard because it is comprised of active models requiring frequent monitoring and trading, which requires significantly more time on the part of DCA as compared to traditional re-balancing approaches.
Clients should be aware that “fees over 2% are above industry standards, and that the same or similar services may be obtained from other advisers at lower rates.”
Because we don’t need to ask clients’ permission to place each trade, our accounts are legally considered “discretionary”. This “term of art” should not be confused with the fact that DCA’s decision making process is primarily driven by quantitative approaches. That said, there may be times when other factors influence the adviser’s decision making, such as valuation levels, economic cycles, Federal Reserve policies, interest rates, analysis of international conflicts and other special events and stock-market chart patterns. The weighting of these factors may change over time.
DCA’s methods may involve frequent trading; we do not provide tax advice, but there may be tax implications to short-term holdings that you should thoroughly discuss with your tax adviser.
DCA’s approaches may not be suitable for all investors, and a response to your inquiry about DCA does not in itself constitute advice or imply the formation of a fiduciary relationship.
Additional terms, conditions and disclosures may be found in DCA’s adviser agreement and registration materials.