Octavewealth

CRD#170975
Investment Advisor Firm

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Learn more about Octavewealth

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Octavewealth is located at 14 Mint Plaza Ste 500, San Francisco, CA. The firm employs 2 financial advisors to manage client portfolios and provide financial guidance. Octavewealth is not a registered broker-dealer.

    Octavewealth oversees $16.5 million in assets under management across 4,030 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, with retail investors being the largest client type by accounts. The fee structure at Octavewealth includes asset-based and fixed fees.

    Octavewealth is registered in the state of California.

    Assets Under Management

    $16.5 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    14 Mint Plaza Ste 500
    San Francisco, CA 94103

    Octavewealth by the Numbers

    Total Assets Under Management

    $16.5 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    4,030

    National Average: 375,227
    Average Account Size

    $4.1 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice typically vary depending on the services offered. Fees charged by Octavewealth may include any combination of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm provides services to retail investors. Octavewealth's largest client type by number of accounts is retail investors.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Octavewealth does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Octavewealth

    Rikin Shah
    San Francisco, CA
    Jessie Li
    San Francisco, CA

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