Hoover Private Wealth (HPW) provides financial planning, consulting, and investment management services to individuals, trusts, estates, and businesses. HPW manages investment portfolios using exchange-traded funds (ETFs), mutual funds, and individual securities. HPW also provides advice on legacy positions and assets held in employer-sponsored retirement plans. HPW can provide advice to clients regarding their variable annuities, insurance policies or other brokerage-based products through a consulting relationship with Mutual Securities, Inc.
Fee Structure
HPW offers wealth management services for an annual fee based on the value of your portfolio. This fee ranges from 0.25% to 1.50% per year, depending on the size and composition of your portfolio, the services provided, and who is providing the services. The fee is calculated monthly based on the average daily balance of your account. HPW may negotiate a different fee rate for certain client holdings, such as held-away assets or alternative investments.