Hanover Advisors, Inc logo

Hanover Advisors, Inc

Updated today

Client assets under management

$352,609,919

Clients

242

34% high-net-worth

Advisors

3

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

81

High

Average account size

$1,457,066

About

Hanover Advisors serves individual clients (including high‑net‑worth households) as well as pension and profit‑sharing plans, trusts, estates, charitable organizations, and business entities. The firm provides discretionary portfolio management, financial planning, and pension consulting services, and manages roughly $353 million in client assets across a small advisor team.

The firm’s investment process combines fundamental analysis and Modern Portfolio Theory with both long‑ and short‑term trading, option strategies, and the use of margin when appropriate, and it constructs customized portfolios based on each client’s suitability information. Hanover typically manages accounts on a discretionary basis, monitors accounts daily, conducts at least monthly reviews, and provides regular written reports to clients.

Compared with many peers, Hanover is a wrap fee program sponsor that absorbs transaction charges for participating clients and explicitly discloses the use of borrowing/margin in client accounts and option and short‑selling strategies. The firm also offers a tax‑free income account focused on municipal bonds intended to be held to maturity, provides quarterly reports prepared by an independent third party, and discloses arrangements with insurance consulting associates who may receive separate commissions or referral fees.

Client services

Financial planning Portfolio management Pension consulting Newsletters or periodicals

Expertise

Options & derivatives strategies

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Fee options

Percentage

$0 - $1,000,000: 1.00% $1,000,000+: 0.50%

Main office location

Hanover Advisors, Inc

101 Rockwood Drive

Seneca SC 29672, United States

Number of offices

1

Most active in

Florida · Georgia · South Carolina

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Stephen M

Series 63, Series 65

Seneca, SC

Hanover Advisors, Inc

Stephen Molyneaux is a financial advisor at Hanover Advisors, Inc. with seven years of industry experience. He holds Series 63 and Series 65 licenses and has been with Hanover Advisors since 2004. 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 provides discretionary portfolio management, pension consulting, financial planning, and a tax-free income strategy focused on individual municipal bonds, using fundamental analysis and Modern Portfolio Theory to tailor portfolios according to client objectives and risk tolerances.

Options & derivatives strategies
user avatar

Larry B

CFP®, Series 63

Marietta, GA

Hanover Advisors, Inc

Larry Burnette is a CFP® with six years of industry experience, currently serving as an advisor at Hanover Advisors, Inc. He has held roles at several firms since 1987, including American Portfolio Financial Services and Provident Mutual. Outside of his advisory work, he is president of Hanover Financial Services, Inc., where he oversees life insurance management and sales. 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 and financial planning, employing fundamental analysis and Modern Portfolio Theory to tailor portfolios according to client objectives and risk tolerances.

Options & derivatives strategies
user avatar

Frank J

CFP®, Series 63

Marieta, GA

Hanover Advisors, Inc

Frank Johnson is a CFP® with six years of industry experience, currently serving as an advisor at Hanover Advisors, Inc. He has been associated with Hanover Group, LLC since 2000. Outside of his advisory role, he is the sole member of Holt Cedartown, LLC, a commercial real estate business in Marietta, GA. 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 and financial planning, employing fundamental analysis and Modern Portfolio Theory to tailor portfolios to clients’ objectives and risk tolerances.

Options & derivatives strategies
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