{
  "crd_number": 119655,
  "slug": "hanover-advisors-inc-seneca-sc-119655",
  "primary_business_name": "HANOVER ADVISORS, INC",
  "legal_name": "HANOVER ADVISORS, INC",
  "dbas": [],
  "city": "Seneca",
  "state": "SC",
  "country": "United States",
  "cbsa_code": "42860",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2004-06-07",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-05-05",
  "carried_forward": false,
  "raum_total": 354865572.0,
  "raum_discretionary": 352609919.0,
  "raum_non_discretionary": 2255653.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 2255653.0,
      "count": 3,
      "description": "QUALIFIED PLAN/PRIVATE EQUITY & VENTURE CAPITAL FIRM",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 55689392.0,
      "count": 160
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 296920527.0,
      "count": 82
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "GA",
    "SC"
  ],
  "websites": [
    "https://hanoveradvisorsinc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119655",
  "city_as_filed": "SENECA",
  "url": "https://advisorcensus.com/firm/hanover-advisors-inc-seneca-sc-119655",
  "display_name": "Hanover Advisors, Inc",
  "summary": "Hanover Advisors, Inc is an SEC-registered investment advisory firm in Seneca, SC, registered since 2004, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.",
  "citation": "AdvisorCensus. Hanover Advisors, Inc (CRD 119655): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is Hanover Advisors, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Hanover Advisors, Inc reports these compensation arrangements: a percentage of assets under its management; other."
    },
    {
      "q": "How much does Hanover Advisors, Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated April 22, 2026 states: Up to $1,000,000: 1% a year; Above $1,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Hanover Advisors, Inc located?",
      "a": "Hanover Advisors, Inc's principal office is in Seneca, SC, according to its Form ADV."
    },
    {
      "q": "Is Hanover Advisors, Inc registered with the SEC or a state?",
      "a": "Hanover Advisors, Inc is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 119655."
    },
    {
      "q": "How much does Hanover Advisors, Inc manage?",
      "a": "Hanover Advisors, Inc reports $354,865,572 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary)."
    },
    {
      "q": "How have Hanover Advisors, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Hanover Advisors, Inc: Regulatory assets under management: $256,984,579 in the October 2021 data and $354,865,572 in the October 2026 data, up 38%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Hanover Advisors, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (160); high net worth individuals (82); other (3)."
    },
    {
      "q": "Which custodians does Hanover Advisors, Inc use?",
      "a": "Hanover Advisors, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Hanover Advisors, Inc report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119655"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 256984579.0,
      "total_employees": 4,
      "filing_date": "2021-04-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 315817475.0,
      "total_employees": 3,
      "filing_date": "2022-09-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 315817475.0,
      "total_employees": 3,
      "filing_date": "2022-09-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 302542783.0,
      "total_employees": 4,
      "filing_date": "2024-04-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 332667282.0,
      "total_employees": 3,
      "filing_date": "2025-04-03"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 354865572.0,
      "total_employees": 3,
      "filing_date": "2026-05-05"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 22, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "1%"
      },
      {
        "band": "Above $1,000,000",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $1,000,000: 1% a year",
          "Above $1,000,000: 0.5% a year"
        ],
        "quotes": [
          "Our fee for portfolio management services is based on a percentage of your assets we manage. It is billed and payable quarterly in arrears and is calculated on the value of your account on the last day of the quarter.",
          "Assets Under Management Annual Fee $0 - $1,000,000 1.00% $1,000,000 and above 0.50%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 1000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 1000000.0,
          "max": null,
          "rate_pct": 0.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our fee for portfolio management services is based on a percentage of your assets we manage. It is billed and payable quarterly in arrears and is calculated on the value of your account on the last day of the quarter.",
      "Assets Under Management Annual Fee $0 - $1,000,000 1.00% $1,000,000 and above 0.50%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/hanover-advisors-inc-seneca-sc-119655.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 160,
      "fewer_than_5": false,
      "raum": 55689392.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 82,
      "fewer_than_5": false,
      "raum": 296920527.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 3,
      "fewer_than_5": true,
      "raum": 2255653.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119655",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}