Octagon Asset Management, LLC
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Overview
Octagon Asset Management, LLC operates as a financial advisory firm headquartered in Charlotte, North Carolina. It administers $171.5 million in assets under management over five client accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). Octagon Asset Management, LLC has a small team, including 3 financial advisors. Octagon Asset Management, LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like options, stocks and bonds.
Octagon Asset Management, LLC oversees more than half of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction judgments for the client's account without requiring the client's permission. The company also manages one non-discretionary accounts totaling $3.0 million in assets under management. The firm manages roughly $34.3 million in assets for each customer account. An average advisor at Octagon Asset Management, LLC administers about two client accounts, making it one of the most personalized advisor firms in the country.
The firm's main office is located at 615 S College Street, Charlotte, North Carolina 28202-3354. The firm is legally registered to serve investors in the state of North Carolina.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Octagon Asset Management, LLC by the Numbers
$171.5 million
4
5
$34.3 million
Fee Structure
Financial advisory fees typically depend on the type of services provided. Fees charged by the firm likely are comprised of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Octagon Asset Management, LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with investment companies and pooled investment vehicles. Out of its five customers, Octagon Asset Management, LLC's largest client is investment companies. None of the company's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Octagon Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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