October Effect provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
October Effect reports 597 clients. They include 574 individual clients, 22 high-net-worth individuals and 1 investment company. Of its assets, 100.0% ($146M across 597 accounts) are managed with discretion. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 68% |
| High-net-worth individuals | 4% | 32% |
| Investment companies | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 574 | $99.1M | 68.1% | $173K |
| High-net-worth individuals | 22 | $46.1M | 31.7% | $2.1M |
| Investment companies | 1 | $318K | 0.2% | $318K |
| Total | 597 | $146M | 100% | $244K |
- Clients
- 574
- Regulatory AUM
- $99.1M
- AUM share
- 68.1%
- Avg. per client
- $173K
- Clients
- 22
- Regulatory AUM
- $46.1M
- AUM share
- 31.7%
- Avg. per client
- $2.1M
- Clients
- 1
- Regulatory AUM
- $318K
- AUM share
- 0.2%
- Avg. per client
- $318K
Total
- Clients
- 597
- Regulatory AUM
- $146M
- AUM share
- 100%
- Avg. per client
- $244K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
October Effect is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees), performance-based fees and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning is charged as a fixed fee or hourly at $150 an hour; fixed fees for longer consulting projects range from $1,000 to $10,000.
Frank Tehel owns 75% or more of October Effect. It has 4 employees.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of October Effect LTD.
Frank Tehel
Control person · since September 2015
October Effect’s regulatory assets grew from $112M (April 2025) to $146M (June 2026); clients were 597 in both filings and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $146M | 597 | 4 | 3 |
| Apr 2025April 2025 | $112M | 588 | 4 | 3 |
Besides its headquarters, October Effect has 2 offices, with 3 listed addresses in 1 state.
Virginia · 3 listed addresses
- One Columbus Center, Suite 651a, Virginia BeachHQ
- 2708 Virginia Beach BLVD., Virginia Beach
- 11815 Fountain Way, Newport New
Contact and registration details
- Legal name
- October Effect LTD.
- Headquarters
- One Columbus Center, Suite 651a, Virginia Beach, VA 23462
- Website
- octobereffectltd.com
- Phone
- 757-390-3341
- SEC file
- 801-132795
- Structure
- Virginia corporation
- Fiscal year end
- December
October Effect’s named custodians for separately managed accounts are Charles Schwab ($145M, 100%) and Absolute Capital ($318K, 0%). October Effect has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $145M100%
- Absolute CapitalAbsolute Capital · Pittsburgh, PA · $318K0%
At year end, October Effect’s separately managed accounts were mostly in funds (64%) and stocks (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $106M across 64 positions; the largest are Western Digital Corp. (7.6%), Nvidia Corporation (6.9%) and Intel Corp. (4.9%).
What the accounts hold
- Stocks24%
- Funds64%
- Bonds2%
- Cash8%
- Other2%
- Derivatives2%
How many clients does October Effect have?
October Effect has 597 clients and manages $146 million for them, as of June 2026. They include 574 individual clients, 22 high-net-worth individuals and 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026
What services does October Effect offer?
October Effect provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does October Effect use?
October Effect’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $145M and Absolute Capital (Pittsburgh, PA), with $318K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026
How many financial advisors does October Effect have?
October Effect has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does October Effect invest in?
At the end of its last fiscal year, October Effect’s separately managed accounts held 64% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 8% cash and equivalents, 2% U.S. government and agency bonds and 2% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns October Effect?
October Effect’s direct owner is Frank Tehel (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026
How does October Effect get paid?
October Effect is paid through a percentage of assets under management, hourly charges, fixed fees, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact October Effect?
October Effect’s main office is at One Columbus Center, Suite 651a, Virginia Beach, VA 23462. Its phone number is 757-390-3341. Its website is octobereffectltd.com.
