Hanover Advisors, Inc

Hanover Advisors serves individual and high-net-worth clients as well as pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm offers discretionary portfolio management, pension consulting, financial planning tied to its portfolio management relationships, and a tax‑free income account strategy focused on individual municipal bonds.

The firm typically manages accounts on a discretionary basis and tailors portfolios to clients’ objectives and risk tolerances using fundamental analysis, Modern Portfolio Theory, and a mix of long- and short-term strategies, including options and margin trading; accounts are monitored daily with at least monthly reviews and quarterly reports. Hanover constructs and rebalances portfolios in response to market conditions and client circumstances, and requires written authorization for discretionary trading.

Distinctive elements in Hanover’s brochure include sponsorship of a wrap-fee program in which the firm absorbs transaction charges for participating clients, use of margin/borrowing in client accounts (with interest and fee treatment disclosed and assessed on net account value), and delivery of regular quarterly reports prepared by an independent third party. The firm also operates with a small advisory team while reporting roughly $330.8 million in discretionary assets, a combination of features that is less common among similar supported firms.