# Hanover Advisors, Inc

> 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.

- CRD: 119655
- Filed as: HANOVER ADVISORS, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seneca, SC
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119655
- AdvisorCensus page: https://advisorcensus.com/firm/hanover-advisors-inc-seneca-sc-119655

## Quick answers

**How is Hanover Advisors, Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Hanover Advisors, Inc reports these compensation arrangements: a percentage of assets under its management; other.

**How much does Hanover Advisors, Inc charge?**
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.

**Where is Hanover Advisors, Inc located?**
Hanover Advisors, Inc's principal office is in Seneca, SC, according to its Form ADV.

**Is Hanover Advisors, Inc registered with the SEC or a state?**
Hanover Advisors, Inc is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 119655.

**How much does Hanover Advisors, Inc manage?**
Hanover Advisors, Inc reports $354,865,572 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary).

**How have Hanover Advisors, Inc's assets and staff changed since 2021?**
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.

**What types of clients does Hanover Advisors, Inc serve?**
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).

**Which custodians does Hanover Advisors, Inc use?**
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.

**Does Hanover Advisors, Inc report any disciplinary disclosures?**
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

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Fees and minimums (Form ADV Part 2A brochure dated April 22, 2026)

- Up to $1,000,000: 1% a year
- Above $1,000,000: 0.5% a year

> 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%

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $354,865,572
- Discretionary: $352,609,919
- Non-discretionary: $2,255,653

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 160 | $55,689,392 |
| High net worth individuals | 82 | $296,920,527 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 3 | $2,255,653 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2004 (22 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, GA, SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hanoveradvisorsinc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $256,984,579 | 4 | April 30, 2021 |
| October 2022 | $315,817,475 | 3 | September 15, 2022 |
| October 2023 | $315,817,475 | 3 | September 15, 2022 |
| October 2024 | $302,542,783 | 4 | April 3, 2024 |
| October 2025 | $332,667,282 | 3 | April 3, 2025 |
| October 2026 | $354,865,572 | 3 | May 5, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hanover Advisors, Inc (CRD 119655): Form ADV filing data as of October 2026.