Octagon Financial Services Inc (Mclean)

Name: Octagon Financial Services Inc
Address: 7950 Jones Branch Drive, Mclean, VA, 22107
Telephone: (703) 905-3300

Octagon Financial Services Inc is a large advisory firm based in Mclean. It manages $659.69 million of regulatory assets for 823 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 9 other states.

Octagon Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Octagon Financial Services: assets under management

The assets under management (AUM) of Octagon Financial Services Inc is $659.69 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 551% since the beginning of its operation, and $80 million of the total AUM is attributable to clients outside of the United States.

The firm manages $659.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $801.56 thousand each.

Octagon Financial Services has custody of $659.69 million in cash and securities for 272 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Octagon Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Frank Matthew Zecca serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Frank Matthew Zecca is high net worth individuals with 100 clients and $621.64 million of assets under management. Among the 6 most similar advisory firms, Octagon Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $659.69 million for 272 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 30% of the firm’s clients are foreign persons or businesses.

Octagon Financial Services doesn't advise any private funds.

Careers at Octagon Financial Services Inc

The company employs 19 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Frank Matthew Zecca has been acting as President since 1 May 2013. Paul Haase joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Octagon	Owner of applicant	1 Jan 1986	75% - 100%	52-1287224
Inc. Advantage International Holdings	Owner of applicant	1 Jan 1986	75% - 100%	52-1492638
Frank Matthew Zecca	Vice president	1 Mar 2000	Other	2501085
David Allen Ballard	Secretary/treasurer	1 Mar 2000	Other	2368226
Janet Marie Plewes	President	1 Mar 2000	Other	2477225
Daniel Eric Bender	Secretary/treasurer	1 Apr 2001	Other	4430808
Richard Patrick Cotter	Secretary/treasurer	1 May 2005	Other	2604791
Tami Lynn Letford	Secretary/treasurer	1 Sep 2006	Other	4998245
Tami Lynn Bender	Secretary/treasurer	1 Sep 2006	Other	4998245
Philip Matthew Fabrizio	Secretary/treasurer	1 Dec 2008	Other	5327872
Frank Matthew Zecca	President	1 May 2013	Other	2501085
Geoffrey Douglas Marsh	Treasurer	1 May 2013	Other	6166776
Nancy Vu	Secretary	1 May 2013	Other	6197413
Christopher John Legg	Vice president/chief compliance officer	1 May 2013	Other	4874134
Paul Haase	Chief compliance officer	1 Jan 2014	Other	6316867

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Interpublic Group Of Cos.	Owner	1 May 1997	75% - 100%	13-1024020

Based in Mclean

The principal office where Octagon Financial Services Inc performs its advisory services is located at 7950 Jones Branch Drive, Mclean, VA 22107, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (703) 905-3300 or by fax (703) 905-4495. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ofswealth.com.