Are you accepting new clients?
We welcome the opportunity to speak with prospective clients who are interested in building a long-term relationship. We intentionally limit the number of client relationships we take on to be able to focus on close, personal relationships.
How do you get paid?
OCTO Capital is a fee-only advisor and receives no compensation other than from our clients. No commission or performance fees, no kickbacks from the fund companies, no excessive trading, or proprietary products.
Our fixed quarterly retainer fee is based approximately upon the total number of hours required to service a family’s accounts. Typical fees run from $625 per quarter to $2,000 per quarter. If calculated on a percentage basis, our typical client pays between 0.10% and 1.00% annually on assets managed.
We view our services as those of expert consultants compensated for the approximate number of hours we spend on your accounts per year, not unlike the services provided by a C.P.A. C.P.A.’s and attorneys who do estate and probate planning do not charge a percentage on clients assets. We don’t believe financial advisors should either. Our fees will automatically be paid quarterly from your investment account.
Our fixed quarterly retainer fee is based approximately upon the total number of hours required to service a family’s accounts. Typical fees run from $625 per quarter to $2,000 per quarter. If calculated on a percentage basis, our typical client pays between 0.10% and 1.00% annually on assets managed.
We view our services as those of expert consultants compensated for the approximate number of hours we spend on your accounts per year, not unlike the services provided by a C.P.A. C.P.A.’s and attorneys who do estate and probate planning do not charge a percentage on clients assets. We don’t believe financial advisors should either. Our fees will automatically be paid quarterly from your investment account.
What if I don't meet the $500,000 minimum for investable assets?
Our suggested $500k in investable assets is by no means set in stone. While the cost of our services are already competitive, they become more cost- effective the larger the portfolio is. If you are interested in working with us but have under 500k, we encourage you to still reach out and schedule a complimentary visit to see if we would be a good fit for each other.
Please note, there is no set minimum portfolio size for clients referred to us.
Please note, there is no set minimum portfolio size for clients referred to us.
How frequently do you meet with clients?
We generally meet with our clients two to three times per year to discuss their financial goals, review any changes in their lives, and assess their investment portfolio. We closely monitor their portfolio allocation and will contact clients when the portfolio becomes out of balance. In addition, we encourage regular communication via phone and email.
Are you registered as an Investment or financial advisor?
Yes, OCTO Capital is a Registered Investment Advisor.
Are the investments in my accounts safe?
OCTO Capital does not take custody of your funds and we cannot access your funds. They are held at custodian (TD Ameritrade Institutional) who are by the SIPC and private insurance. All account assets are held in your name. Neither OCTO Capital, nor the custodian firm, nor anyone else can access or distribute funds from your accounts without your permission and knowledge. Of course, your investments can and will fluctuate in value daily.
We receive no compensation from TD Ameritrade and use them as a convenience for you and for us. You will have access to your accounts via phone and website. And, you will receive independent monthly account reports from the custodian.
We receive no compensation from TD Ameritrade and use them as a convenience for you and for us. You will have access to your accounts via phone and website. And, you will receive independent monthly account reports from the custodian.
HOW ARE YOU DIFFERENT FROM A TRADITIONAL BANK, BROKER OR INSURANCE AGENT?
As a Registered Investment Advisor firm, we serve as your fiduciary advisor. Being a fiduciary advisor means we act in the best interest of our clients, all of the time. In contrast, banks, brokers and insurance agents commingle trading with investment advice. These providers are traders first and advisors second. They are bound only to a “suitability standard” such that their investment advice is not necessarily in your best interest, but rather incentivized by commissions and other conflicts.
What is a "fiduciary standard"?
Whereas non-fiduciary brokers provide “suitable” advice and are not obligated to serve your best interests, OCTO Capital uses a “fiduciary standard” for investment advice. This means that by choice, and by legal requirement, our investment advice and actions must be both suitable and in your best interests.
What happens to my accounts if you leave, become disabled or retire?
With two young sons at home, Daniel will not be leaving or retiring any time soon. He loves what he does and does what he loves. However, if Daniel becomes disabled or gets hit by the proverbial bus, your assets will remain at TD Ameritrade Institutional and still be accessible by you. You can then take the time needed to perform your own due diligence on a replacement advisor.
How do we know you will not take off with our money?
As noted above, your assets are custodied at TD Ameritrade Institutional and not with OCTO Capital. We have limited power of attorney and trading authority on your account, which you grant us when the account is established. However, we will never have direct access to funds in your account except for fee deductions (or, if you wish, you can pay by check).
Do you provide insurance solutions?
Our advisors are licensed to sell insurance products, through our affiliate company, Shub & Company, LLC. In the situation where we feel the need to for an insurance policy, and you choose to purchase one through us, we will receive compensation from an insurance company for recommending the product, which creates a conflict of interest and will be disclosed to you.
DO YOU CONSIDER LIFE INSURANCE A PART OF A FINANCIAL PLAN?
Absolutely. We review the need for life insurance as a part of our Total Wealth Management service. We need to make sure that young families are properly insured for income-replacement purposes and might find a need for permanent insurance as a solution to mitigate estate tax exposure or long-term care expenses.
WHAT DO YOU KNOW ABOUT ESTATE PLANNING AND TAXES?
Estate planning and effective tax management are critical components of your overall financial plan. We do not prepare tax returns or estate documents but have a network of CPA and estate planning professionals to assist as needed. In the event you already have these relationships in place, we work with your attorney and/or accountant to integrate income and estate planning into the Total Wealth Management service we provide.
Do You Offer Medicare Planning Services?
Enrolling in Medicare is a part of every retiree's life at some point, and we are able to help our clients through this often confusing process. Whether it's help with enrolling, deferring because you're working past 65, or quoting and enrolling in a Supplement, Advantage or Part D Plan, we are trained to guide you through every step, and help compare your different options to find the best fit for your lifestyle.
What's the best way to get in touch?
If you are interested in meeting us for a free consultation, click the "Schedule a Consultation" button below to access our online calendar and schedule a phone call or a video conference.
Alternatively, you may call our office at (248) 731-7729 to ask questions, or to schedule an in-office visit, online conference, or a phone consultation.
Alternatively, you may call our office at (248) 731-7729 to ask questions, or to schedule an in-office visit, online conference, or a phone consultation.
