Hanover Advisors, Inc is a large advisory firm based in Greenville. It manages $201.27 million of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Georgia, and South Carolina.
Hanover Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hanover Advisors, Inc is $201.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 347% since the beginning of its operation, and $706.32 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Hanover Advisors, Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hanover Advisors is high net worth individuals with 167 clients and $126.38 million of assets under management. Among the 12 most similar advisory firms, Hanover Advisors has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $201.27 million for 537 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Hanover Advisors doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There are 3 people 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 don’t receive compensation from other entities for client referrals.
The principal office where Hanover Advisors, Inc performs its advisory services is located at 55 Beattie Place, Greenville, SC 29601, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 864-235-6760. The normal business hours are 9 am - 5pm on Monday - Friday. You can find more information about the New York firm at hanoveradvisorsinc.com.