October Wealth Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions.
October Wealth Advisors reports 160 clients. They include 137 individual clients and 23 high-net-worth individuals. Of its assets, 92.3% ($131M across 318 accounts) are managed with discretion; $10.9M across 31 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 39% |
| High-net-worth individuals | 14% | 52% |
| Charitable organizations | Fewer than 5 | 1% |
| Corporations and other businesses | Fewer than 5 | 8% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 137 | $55.6M | 39.3% | $406K |
| High-net-worth individuals | 23 | $73.6M | 51.9% | $3.2M |
| Charitable organizations | Fewer than 5 | $1.44M | 1.0% | — |
| Corporations and other businesses | Fewer than 5 | $11M | 7.8% | — |
| Total | 160 | $142M | 100% | — |
- Clients
- 137
- Regulatory AUM
- $55.6M
- AUM share
- 39.3%
- Avg. per client
- $406K
- Clients
- 23
- Regulatory AUM
- $73.6M
- AUM share
- 51.9%
- Avg. per client
- $3.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.44M
- AUM share
- 1.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $11M
- AUM share
- 7.8%
- Avg. per client
- —
Total
- Clients
- 160
- Regulatory AUM
- $142M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
October Wealth Advisors charges 0.50%–1.00% a year for its Portfolio management. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $1,000 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.75% |
| $3M and above | 0.50% |
Fee details and sources
David Craig owns 75% or more of October Wealth Advisors. The leadership team of October Wealth Advisors includes President David Craig. It has 2 employees.
Leadership
- David CraigPresident/Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of October Wealth Advisors, Inc
David Craig
Control person · since March 2010
October Wealth Advisors’ regulatory assets grew from $125M (April 2022) to $142M (September 2026); clients were 160 in both filings and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $142M | 160 | 2 | 1 |
| March 2025 | $131M | 163 | 3 | 1 |
| January 2024 | $112M | 162 | 3 | 1 |
| August 2023 | $109M | 159 | 3 | 1 |
| April 2022 | $125M | 159 | 3 | 1 |
Besides its headquarters, October Wealth Advisors has 0 offices, with 1 listed address in Arkansas.
Arkansas · 1 listed address
- 322 North 8th Street, Fort SmithHQ
Contact and registration details
- Legal name
- October Wealth Advisors, Inc
- Headquarters
- 322 North 8th Street, Fort Smith, AR 72901
- Website
- octwealth.com
- Phone
- 479-452-0996
- SEC file
- 801-124993
- Structure
- Arkansas corporation
- Fiscal year end
- December
October Wealth Advisors uses Charles Schwab ($142M) as custodian for its separately managed accounts. October Wealth Advisors has custody of $33.4M in client assets for 43 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $142M100%
At year end, October Wealth Advisors’ separately managed accounts were largely in stocks (43%) and bonds (33%).
What the accounts hold
- Stocks43%
- Funds16%
- Bonds33%
- State and local bonds24%
- Investment grade corporate bonds7%
- U.S. government and agency bonds2%
- Cash7%
- Other1%
- Unassigned and cds1%
How many clients does October Wealth Advisors have?
October Wealth Advisors has 160 clients and manages $142 million for them, as of September 2026. They include 137 individual clients and 23 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026
What services does October Wealth Advisors offer?
October Wealth Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does October Wealth Advisors charge?
October Wealth Advisors charges 0.50%–1.00% a year for its Portfolio management. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $1,000 annual minimum.
Which custodians does October Wealth Advisors use?
October Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $142M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026
How many financial advisors does October Wealth Advisors have?
October Wealth Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Wealth Advisors invest in?
At the end of its last fiscal year, October Wealth Advisors’ separately managed accounts held 43% exchange-traded equities, 24% state and local bonds, 16% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 7% cash and equivalents, 2% U.S. government and agency bonds and 1% other. The 1% other category is described as: Unassigned and CDS.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns October Wealth Advisors?
October Wealth Advisors’ direct owner is David Craig (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026
How does October Wealth Advisors get paid?
October Wealth Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees 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 Wealth Advisors?
October Wealth Advisors’ main office is at 322 North 8th Street, Fort Smith, AR 72901. Its phone number is 479-452-0996. Its website is octwealth.com.