Hoover Financial Advisors ranked among the top 300

Fourth time the firm has made the list

By MediaNews Group

EASTWHITELAND » Hoover Financial Advisors has been named to the Financial Times 300 Top Registered Investment Advisors listing. It is the fourth time the Chester County-based financial services firmhas made the top 300.

The list, which was released in August, recognizes top independent Registered Investment Advisors firms from across the country. The average formon the 2020 list, including Hoover Financial Advisors, manage $1.9 billion in assets.

This is the seventh annual Financial Times 300 list, which is produced in collaboration with Ignites Research, a subsidiary of the Financial Times that provides business intelligence on the asset management industry, according to a press release. Hoover Financial Advisors was also selected in 2016, 2018 and 2019.

More than 2,000 qualifying Registered Investment Advisors firms were invited to complete lengthy applications, with 760 submitting the necessary information.

The formula used to grade advisers is based on six broad factors, with each earning a numeric score. Those factors are: assets under management, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility. Assets Under Management accounted for 72% of each adviser’s score.

Hoover Financial Advisors was among 14 Pennsylvania firms to appear on the 2020 list.

Earlier this year, Pete Hoover, president of Hoover Financial Advisors was named by Forbes as one of the best wealth advisors in Pennsylvania. It was the second time he was chosen for that list. Of the 164 advisors named, Hoover’s ranking is 19.

Hoover Financial Advisors, which is headquartered on MooresRoad inEastWhiteland, was launched in 2005 byHoover, who has been an independent financial advisor for more than 35 years. For more information, visit hfaplanning.com.