October Effect Ltd.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$145,277,956
Clients
596
Advisors
4
of 4 employees
About
October Effect Ltd. provides discretionary asset management, financial planning, and retirement-plan advisory services to individual and high‑net‑worth clients, as well as to qualified plans. The firm also serves as a co‑advisor or liaison to third‑party asset managers and places client assets with TAMPs when that approach is deemed appropriate.
The firm tailors portfolios to clients’ stated goals, time horizons, and risk tolerances and performs regular reviews of accounts and plans. Its investment toolkit includes asset allocation, technical analysis and both long‑ and short‑term trading, and certain strategies explicitly incorporate leverage, margined positions and option/derivative strategies alongside traditional fixed‑income and equity holdings; it also offers performance‑based separately managed account programs for qualified investors with high‑watermark/hurdle arrangements.
October Effect is distinctive among similar firms for a cluster of uncommon features disclosed in its brochure: affiliations with a broker‑dealer and with affiliated accounting and insurance businesses; the use and publication of performance results and the availability of performance‑based fee arrangements; and the explicit use of borrowing and derivatives in separately managed accounts. The firm also documents referral and revenue‑sharing relationships with TAMPs and a brokerage affiliate and describes policies intended to address the conflicts those relationships can create.
Client services
Expertise
Occupation focus
Fee options
Financial planning fixed fees ranging from $1,000 to $10,000 per project.
$10,000 - $25,000: 1.60% annually $25,001 - $100,000: 1.50% annually $100,001 - $500,000: 1.30% annually $500,001 - $800,000: 1.20% annually $800,001 - $1,000,000: 1.05% annually $1,000,001 - $1,500,000: 0.90% annually $1,500,001 - $2,100,000: 0.80% annually $2,100,001+: 0.70% annually
Commission income earned from registered representative activities and insurance agent sales; less than 5% of total revenue.
$150 per hour for financial planning and consulting services.
Performance-based fees for qualified investors: Aggressive Derivative portfolio - 0.70% annual fee plus 20% performance fee when net return exceeds 30%; Aggressive Income portfolio - 0.50% annual fee plus 5% performance fee when net return exceeds 12%.
Account minimum: $10,000
Main office
One Columbus Center, Suite 651 A
Virginia Beach VA 23462
Advisors at this office
4
Most active in
Colorado · Florida · North Carolina · South Carolina · Texas · Virginia
Also doing business as
October Effect Ltd · October Effect Ltd.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Frank T
CFP®, Series 63, Series 65
Virginia Beach, VA
October Effect Ltd.
Frank Tehel is a CFP® with 44 years of industry experience, currently serving at October Effect Ltd. He has held positions at firms including Gradient Securities LLC and Cranvick Incorporated, and manages several business ventures related to tax preparation and network marketing. Tehel has owned and operated multiple entities since the early 1980s, including a sole proprietorship focused on insurance sales and tax services. October Effect Ltd. provides discretionary asset management, financial planning, and retirement-plan advisory services to individuals, high-net-worth clients, and qualified plans. The firm employs a tailored investment approach incorporating asset allocation, technical analysis, and both long- and short-term trading strategies, including the use of leverage and derivatives.
Kevin M
Series 63, Series 65
Virginia Beach, VA
October Effect Ltd.
Kevin Moravek is a financial advisor at October Effect Ltd. with 26 years of industry experience. He holds Series 63 and Series 65 credentials and previously worked at Lincoln Financial Advisors Corp. for 14 years. Outside of his advisory role, he is also involved in fixed insurance sales. October Effect Ltd. provides discretionary asset management, financial planning, and retirement-plan advisory services to individual and high-net-worth clients, as well as qualified plans. The firm employs a range of strategies including asset allocation, technical analysis, and the use of leverage and derivatives, and it offers performance-based separately managed accounts with complex fee arrangements.
Kevin J
Series 66
Virginia Beach, VA
October Effect Ltd.
Kevin James is a financial advisor with October Effect Ltd. in Virginia Beach, VA, holding a Series 66 credential and over 20 years of industry experience. His prior work includes more than a decade at Lincoln Financial Advisors Corporation. He is also involved in insurance sales as an insurance agent. October Effect Ltd. provides discretionary asset management, financial planning, and retirement-plan advisory services to individual and high-net-worth clients, offering tailored portfolios that incorporate asset allocation, technical analysis, and various trading strategies including leverage and derivatives. The firm serves as a co-advisor to third-party asset managers and manages performance-based separately managed accounts with unique features such as affiliation with broker-dealers and explicit use of borrowing and derivatives.
Neely E
Series 66
Virginia Beach, VA
October Effect Ltd.
Neely Elstrodt is a financial advisor with October Effect Ltd. in Virginia Beach, VA, holding a Series 66 designation and bringing 16 years of industry experience. She has served at October Effect Ltd. since 2015 and also works as treasurer of Tehel & Company, Inc., where she prepares tax returns for individuals and corporations. October Effect Ltd. provides discretionary asset management, financial planning, and retirement-plan advisory services to individual and high-net-worth clients, as well as qualified plans. The firm uses a range of investment strategies, including asset allocation, technical analysis, and derivative instruments, and offers performance-based separately managed accounts.
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