A. Firm Information
Octavia Wealth Advisors, LLC (“Octavia” or the “Advisor”) is a registered investment advisor with the
U.S. Securities and Exchange Commission (“SEC”), which is organized as a Limited Liability Company
(LLC) under the laws of Delaware. Octavia was founded in January 2020 and is a wholly owned
subsidiary of Octavia Financial Holdings, LLC. Octavia is operated by Maxim Meyers (Chief Executive
Officer and Chief Compliance Officer), Luis Strohmeier, Donald Hughett, Marc Wagner (Chief Financial
Officer), Mark Bodnar (Chief Investment Officer), Michael Ingram, Justin Setzekorn, and Andrew Seni.
This Disclosure Brochure provides information regarding the qualifications, business practices, and the
advisory services provided by Octavia.
B. Advisory Services Offered
Octavia offers investment advisory services to individuals, high net worth individuals, trusts, estates,
businesses, institutions and retirement plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a
fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks
to mitigate potential conflicts of interest. Octavia’s fiduciary commitment is further described in the
Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code
of Ethics, Participation or Interest in Client Transactions and Personal Trading.
Investment Management Services
Octavia provides customized investment advisory solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary investment
management and related advisory services. Octavia works closely with each Client to identify their
investment goals and objectives as well as risk tolerance and financial situation in order to determine
a portfolio strategy. For Clients with more than $1,000,000 in assets under management, financial
planning services will be included in the scope of investment management services.
Internal Investment Management—Octavia will place Client assets into proprietary models which
consist primarily of low-cost, diversified exchange-traded funds (“ETFs”), mutual funds, and individual
stocks and bonds to achieve the Client’s investment goals. The Advisor may also utilize alternative
investments, structured products, real estate investment trusts, oil and gas interests to meet the needs
of its Clients, or retain certain legacy investments based on portfolio fit and/or tax considerations.
Octavia’s investment approach is primarily long-term focused, but the Advisor may buy, sell or
re-allocate positions that have been held for less than one year to meet the objectives of the Client
or due to market conditions. Octavia will construct, implement and monitor the portfolio to ensure it
meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will
have the opportunity to place reasonable restrictions on the types of investments to be held in their
respective portfolio, subject to acceptance by the Advisor.
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Octavia evaluates and selects investments for inclusion in Client portfolios only after applying its
internal due diligence process. Octavia may recommend, on occasion, redistributing investment
allocations to diversify the portfolio. Octavia may recommend specific positions to increase sector or
asset class weightings. The Advisor may recommend employing cash positions as a possible hedge
against market movement. Octavia may recommend selling positions for reasons that include, but are
not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security
or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk
tolerance of the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the
Client’s risk tolerance.
At no time will Octavia accept or maintain custody of a Client’s funds or securities, except for
the limited authority as outlined in Item 15 – Custody. All Client assets will be managed within the
designated account[s] at the Custodian, pursuant to the terms of the advisory agreement. Please see
Item 12 – Brokerage Practices.
Retirement Accounts—When the Advisor provides investment advice to Clients regarding ERISA
retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the
meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal
Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed
to be in the Client’s best interest, the Advisor will provide investment advice to a Client regarding a
distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a
similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another
IRA, or from one type of account to another account (e.g. commission-based account to fee-based
account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or
increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
Use of Independent Managers—When deemed to be in the Client’s best interest, Octavia will
recommend that Clients utilize one or more unaffiliated investment managers (herein “Independent
Managers”) for all or a portion of a Client’s investment portfolio, based on the Client’s needs and
objectives. In such instances, the Client may be required to authorize and enter into an investment
management agreement with the Independent Manager[s] that defines the terms in which the
Independent Manager[s] will provide its services. The Advisor will perform initial and ongoing oversight
and due diligence over each Independent Manager to ensure the strategy remains aligned with
Clients’ investment objectives and overall best interests. The Advisor will also assist the Client in the
development of the initial policy recommendations and managing the ongoing Client relationship.
The Client, prior to entering into an agreement with an Independent Manager, will be provided with
the Independent Manager’s Form ADV Part 2A - Disclosure Brochure (or a brochure
that makes the
appropriate disclosures).
Use of Sub-Advisors—Octavia may periodically recommend and refer clients to unaffiliated money
managers or investment advisors (herein a “Sub-Advisor”) at Octavia’s discretion or the Client’s
request. Octavia will remain your primary Advisor and oversee the Client’s investment allocation[s]
octaviawa.com | 6 9999 Carver Road, Suite 130, Cincinnati, OH 45242, T: 513.762.7701, F: 513.762.7741
and overall investment performance. While the Sub-Advisor will assume day-to-day investment
management of the assets, Octavia will be responsible establishing the Client’s investment objectives
and recommending a Sub-Advisor’s investment strategy to meet those objectives. The Client will be
provided with the Sub-Advisor’s Form ADV 2A (or a brochure that makes the appropriate disclosures).
Trust Fiduciary Services—Octavia may offer certain Clients access to custody and trust administrative
services to certain Clients through National Advisors Holdings, Inc. and its various subsidiaries (“NAH”).
Clients will enter into a separate agreement with NAH. Octavia will serve as the investment manager to
any accounts established with NAH and earn an investment management fee as noted above. Octavia
does not serve as a trustee for any account relationships.
Financial Planning Services
Octavia will typically provide a variety of financial planning and consulting services to Clients, pursuant
to a written financial planning agreement. Services are offered in several areas of a Client’s financial
situation, depending on their goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a
specific financial consultation based on the Client’s financial goals and objectives. This planning
or consulting may encompass one or more areas of need, including but not limited to, investment
planning, retirement planning, personal savings, education savings, insurance needs and other areas of
a Client’s financial situation.
A financial plan developed for, or financial consultation rendered to the Client will usually include
general recommendations for a course of activity or specific actions to be taken by the Client. For
example, recommendations may be made that the Client start or revise their investment programs,
commence or alter retirement savings, establish education savings and/or charitable giving programs.
Octavia may also refer Clients to an accountant, attorney or other specialists, as appropriate for
their unique situation. For certain financial planning engagements, the Advisor will provide a written
summary of the Client’s financial situation, observations, and recommendations. For consulting or
ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are
typically completed within six (6) months of contract date, assuming all information and documents
requested are provided promptly.
Financial planning and consulting recommendations poses a conflict between the interests of the
Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that
Clients engage the Advisor for investment management services or to increase the level of investment
assets with the Advisor. Clients are not obligated to implement any recommendations made by the
Advisor or maintain an ongoing relationship with the Advisor. Additionally, if the Client elects to act on
any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
Retirement Plan Advisory Services
Octavia provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”)
and the company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed
octaviawa.com | 7 9999 Carver Road, Suite 130, Cincinnati, OH 45242, T: 513.762.7701, F: 513.762.7741
to assist the Plan Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each
engagement is customized to the needs of the Plan and Plan Sponsor. Services available include:
• Vendor Analysis
• Plan Participant Enrollment and Education Tracking
• Investment Policy Statement (“IPS”) Design and Monitoring
• Discretionary Investment Management (ERISA 3(38))
• Investment Oversight (ERISA 3(21))
• Performance Reporting
• Ongoing Investment Recommendation and Assistance
• ERISA 404(c) Assistance
• Benchmarking Services
• Provider Search
These services are provided by Octavia serving in the capacity as a fiduciary under the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section
408(b)(2), the Plan Sponsor is provided with a written description of Octavia’s fiduciary status, the
specific services to be rendered and all direct and indirect compensation the Advisor reasonably
expects under the engagement.
C. Client Account Management
Prior to engaging Octavia to provide investment advisory services, each Client is required to enter
into one or more agreements with the Advisor that define the terms, conditions, authority and
responsibilities of the Advisor and the Client. These services may include:
• Establishing an Investment Strategy—Octavia, in connection with the Client, will develop a strategy
that seeks to achieve the Client’s goals and objectives.
• Asset Allocation—Octavia will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction—Octavia will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision—Octavia will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Octavia does not manage or place Client assets into a wrap fee program. Investment management
services are provided directly by Octavia.
E. Assets Under Management
As of December 31, 2022, Octavia manages $1,067,345,675 in Client assets, $857,882,325 of which is on
a discretionary basis and $209,463,350 on a non-discretionary basis. Clients may request more current
information at any time by contacting the Advisor.
octaviawa.com | 8 9999 Carver Road, Suite 130, Cincinnati, OH 45242, T: 513.762.7701, F: 513.762.7741