Hoover Financial Advisors Fundraising Results For Chester County Food Bank

Malvern, PA – In 2012, Hoover Financial Advisors, PC, selected Chester County Food Bank as its charity of record. Each autumn it holds a Fall Funds for Food campaign to raise money for the food bank before the holidays. With participation from employees, clients and business colleagues HFA has brought in close to $50,000 since 2012.

At a recent check presentation, Pete Hoover, HFA founder and CEO, contributed $15,000 to the local food bank on behalf of HFA and its clients. “At this time of year, we look forward to upcoming holidays and many wonderful family dinners,” says Hoover. “What we too often overlook is the fact there are thousands of people who are unable to gather around the table and enjoy a delicious meal. Not in Chester County, you may say. Sadly, the fact is one in 14 people in the wealthiest county in Pennsylvania lack reliable access to a sufficient quantity of affordable nutritious food. HFA hopes to make the upcoming months brighter for these families.”

In addition to financial donations, this summer HFA’s staff created food boxes for kids and picked tomatoes at Pete’s Produce Farm. For each dollar donated by financial planning firm, Chester County Food Bank can provide four meals or five pounds of food. Since its inception in 2009, it has provided the equivalent of 1.7 million meals. Eighty-nine percent of the food bank’s operating budget supports the hungry.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. This year, HFA PC was named to the Financial Times 300 Top Registered Investment Advisers list. In 2012, it was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777. To learn about Chester County Food Bank, call 610.873.6000 or go to chestercountyfoodbank.org.

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HOOVER FINANCIAL ADVISORS ADDS INVESTMENT ANAYLIST

Matthew McLaughlin

Matthew McLaughlin

Malvern, PA – Matthew McLaughlin recently joined Hoover Financial Advisors, P.C. (HFA) as an Investment analyst. His appointment was announced by Pete Hoover, CFP®, founder and CEO of the firm.

In his new position, McLaughlin is responsible for analyses and research relating to client investment portfolios. He also assists with securities transactions, performance measurement, reporting and rebalancing.

Before joining HFA, McLaughlin was a wealth manager for Sage Financial Group in West Conshohocken. Prior to that, he was an analyst in the Market Neutral Hedge Fund of Bryn Mawr Capital Management. His career began at City Of London Investment Management Group’s Philadelphia office in Coatesville.

“Hoover Financial Advisors has an excellent reputation,” says McLaughlin. “It is a young company doing great things, which offers an opportunity for me to grow both professionally and with the firm. It’s a good place to be,” he concludes.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. In addition to investment analysts, staff members include certified financial planners, financial advisors, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. This year, HFA PC was named to the Financial Times 300 Top Registered Investment Advisers list. In 2012, it was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

HOOVER FINANCIAL NEWS: THOMAS BALIS EARNS APMA® DESIGNATION

Thomas Balis

Thomas Balis

Malvern, PA – Thomas Balis, an investment manager with Hoover Financial Advisors, PC, recently earned the College for Financial Planning designation of APMA® (Accredited Portfolio Management Advisor). The two-part 150-hour program includes a self-study course, proctored exam and an online graduate course.

To hold the APMA designation, Balis completed a curriculum, which features client assessment and suitability, risk/return, investment objectives, bond and equity portfolios, modern portfolio theory and investor psychology. In addition, hands-on practice elements achieved during the program are analyzing investment policy statements, building portfolios and making asset allocation decisions, such as sell, hold and buy decisions within client portfolios.

“The most important part of the course for me,” says Balis, “is an enhancement of my Investment Policy Statement (IPS) knowledge and how to use its elements as a governing tool while developing client relationships. I now have an academic foundation to help me understand why we, as financial analysts and planners, do what we do. I learned the proper questions to ask to allow us to build right kind of IPS and better understand why we choose one equity index over another. As a result, I feel more qualified to make more effective recommendations for our clients and advance their level of involvement in the investment process,” he concludes.

Hoover Financial Advisors, PC, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Earlier this year, HFA was named to the Financial Times 300 Top Registered Investment Advisers. Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at www.http://petehoover.com or call 610.651.2777.

HOOVER FINANCIAL ADVISORS NAMED TO 2016 FINANCIAL TIMES 300 TOP REGISTERED ADVISORS

Pete Hoover accepts Financial Times Top 300 in New York in June.

Pete Hoover accepts Financial Times Top 300 in New York in June.

Malvern, PA – Hoover Financial Advisors, PC was been named to the Financial Times 300 Top Registered Investment Advisers earlier this month (June). The list recognizes top independent RIA firms from across the U.S.

This is the third annual FT 300 list, produced independently by the Financial Times Ltd. in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry.

More than 1,500 pre-screened RIA firms were invited to apply for consideration, based on their assets under management (AUM). Applicants that applied were then graded on six criteria: AUM; AUM growth rate; years in existence; advanced industry credentials of the firm’s advisors; online accessibility; and compliance records. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

The average FT 300 firm has been in existence for 22 years and manages $2.6 billion in assets.

The 300 top RIAs hail from 34 states and Washington, D.C.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

FINANCIAL PLANNING EXECUTIVE JOINS HOOVER FINANCIAL ADVISORS

 Joseph W. Dowling

Joseph W. Dowling

Malvern, PA – Joseph W. Dowling recently joined Hoover Financial Advisors (HFA) as a financial advisor. His appointment was announced by Pete Hoover, CFP®, CEO and founder of the firm.

Prior to becoming a member of the HFA staff, Dowling operated his own business, Epiphany Wealth Partners. Before that, he was a wealth management advisor with United Capital Financial Advisors. He held similar positions with several prestigious firms, including Penn Liberty Bank Wealth Advisors and First Financial Group/Mass Mutual. He began his career as an institutional broker with Tullett Prebon in New York.

In his role as a financial advisor, he develops, manages and supports HFA client relationships. He is diligent in the research of the latest techniques, financial industry regulations as well as federal and state requirements. Dowling’s personal involvement as a business owner broadens his perception and understanding of HFA client experiences and requirements.

Dowling is a graduate of the University of Pennsylvania. His BA is in Regional Science. He holds Pennsylvania Property & Casualty Producer, Pennsylvania Life, Health & Annuity Producer and FINRA Series 65 licenses. The Northeast Philadelphia native currently resides in Erdenheim with his wife and five daughters.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777.

CERTIFIED FINANCIAL PLANNER JOINS HOOVER FINANCIAL ADVISORS

Edward (Ted) Braun, CFP®

Edward (Ted) Braun, CFP®

Malvern, PA –Hoover Financial Advisors, P.C. (HFA) recently added Edward (Ted) Braun, CFP® to its growing staff. Braun is a financial planner with outstanding credentials. His appointment was announced by Pete Hoover, CFP®, founder of the firm.

Prior to joining HFA, Braun was a project manager in Financial Advisor Services at The Vanguard Group. He began his career at Vanguard and held various leadership positions during his tenure. In 2014, Vanguard awarded him a Financial Advisor Services Divisional Star. Prior to that he earned a Participant Experience Divisional Spirit Award from the company.

Braun, who holds a BBA degree from Strayer University, completed his financial planning education at Kaplan University. He is a resident of Kennett Square.

“Hoover Financial Advisors offers exactly what I was looking for,” says Braun. “It is a place where I can build my career and make a difference in people’s lives.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

Music For People Community Improv Orchestra

Extraordinary event of conducted Improvised music with Philadelphia musicians and Music for People members. Drumming, dancing, audience participation and fantastic music.
Music for People Community Improv Orchestra
Friday February 12, 2016
You will hear the most unique music ever, comprised of Music for People (MFP) participants and local musicians led by Lynn Miller, Ron Kravitz and others..Each composition has a different conductor creating completely improvised music with a palette of winds, strings, guitars, voices, found objects, percussion, world instruments and you!
Immaculata University, 1145 King Rd, Malvern, PA
Villa Maria Hall, Green Room
8pm showtime, door opens 7:40
$20. donation

This concert kicks off Music for People’s Adventures in Improvisation workshop – a weekend of creative inspiration, deep listening, music skills, confidence building, and PLAY…… Come jam with us and learn improvisation skills. All instruments,
levels of experience and styles welcome!
The theme is Rhythm although we will be playing every instrument imaginable, including our voices. Special guest percussionists for workshop and concert: Quint Lang, Kofi Donar and Jim Hamilton with MFP staff

From the evening of Friday, Feb. 12 through Sunday, Feb. 14.
early bird discount ends Jan 30th!

 

 Music for People | (860) 491-3763 | mfp@musicforpeople.org

HOOVER FINANCIAL ADVISORS EXPANDS OFFICE SPACE

PHOTO CAPTION: Hoover Financial Advisors, P.C. offices on Moores Road, Malvern.

PHOTO CAPTION: Hoover Financial Advisors, P.C. offices on Moores Road, Malvern.

Malvern, PA – Hoover Financial Advisors, P.C. opened 2016 with larger quarters to accommodate its growing staff. “We were beginning to get a bit too comfortably close,” says HFA founder and CEO Pete Hoover with a laugh. “We love the Moores Road architecture and relocation was not an option we wished to consider. When space became available in our building, we jumped at the chance to expand.”

The expansion gives HFA an additional 2,080 square feet for a total of 5,368. First and second floor conference rooms are now each a sweeping 375 square feet with ample room for large meetings, work sessions and small special events. The lower level conference area is enhanced with a 65-inch flat screen television set.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

HOOVER FINANCIAL ADVISORS MEETS FALL FUNDS FOR FOOD GOAL

Malvern, PA – Each year, Hoover Financial Advisors, PC, conducts a Fall Funds for Food campaign to benefit Chester County Food Bank. Last year, HFA set a goal to raise $10,000 and actually brought in $12, 500. This year, the financial planning firm presented $15,000 to the local food bank. “With generous help from our clients, staff, vendors and colleagues, we reached our 2015 goal,” says Pete Hoover, CFP®, HFA president. “With each dollar contributed, the food bank can provide four meals or five pounds of non-perishable food.”

Chester County Food Bank stores and distributes food to more than 30 area food cupboards and 60 other meal sites and agencies at no charge. Since its inception in 2009, it has provided the equivalent of 1.7 million meals. In addition to raising money for the food bank, HFA provides sweat equity. Earlier this year, staff members worked in the kitchen at its Exton headquarters and at Charlestown Farm in Phoenixville. Last year HFA packed produce boxes and in past years, it pulled weeds and filled backpacks.

“It has been an interesting year,” notes Hoover. “Employment is up, always a good sign. Yet, there are over 70,000 households in Chester County Food Bank’s reach that do not have enough to feed their families. We are committed to helping these people, particularly as the holiday season approaches. It felt good to make our fundraising goal.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777. To learn about Chester County Food Bank, call 610.873.6000 or go to http://www.chestercountyfoodbank.org.

HOOVER FINANCIAL ADVISORS ADDS INVESTMENT ANALYST

TomBalisHeadshots-0365-1

Thomas Balis

Malvern, PA – Thomas Balis, a highly experienced financial services professional, recently joined Hoover Financial Advisors, PC (HFA), as an investment analyst. His appointment was announced by Pete Hoover, president and CEO of the firm.

Prior to HFA, Balis managed 21 H&R Block retail tax offices in Orlando, Florida. Before that, he was first vice president, district manager for 16 JP Morgan Chase Bank branches in Tampa. He and his family relocated to King of Prussia earlier this year and he worked as a part-time consultant for HFA. His background, investment expertise and keen analytical skills prompted Hoover to create a permanent position for the value-driven analyst. He holds a bachelor’s of science degree in Business Administration from Ohio State University.

Balis’ responsibilities include reviewing assets of HFA clients and recommending how to best allocate their money. “We are pleased to have Thomas on the team,” remarks Hoover. “His skills and knowledge of finance and banking promise to be rewarding for HFA clients.”

“I’m thrilled with this opportunity,” says Balis. “Working with a team of high caliber experts is invigorating. The diversity of talent is top notch. In many financial planning firms, clients don’t have such a range of services. Only one slice of the business is available. At HFA, everything from tax advice to insurance counsel and more is under one roof.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. In addition to the new investment analyst, employees include certified financial planners, financial advisors, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

HOOVER FINANCIAL ADVISORS OFFERS TOP 10 CREDIT TIPS

Pete Hoover

Pete Hoover

Malvern, PA – Hoover Financial Advisors, PC, celebrates its 10th anniversary with a series of Top 10 Lists. The first involves valuable advice to preserve good credit.

“Too much credit? Too little credit? No credit? Good credit? Bad credit? There are so many considerations when protecting and managing personal and business credit,” indicates HFA founder Pete Hoover, CFP. “Lenders generally rely on five key factors when evaluating individual or company credit worthiness. Sometimes called the 5 Cs, there are: Credit History; Capacity; Collateral; Capital; and Conditions.”

The most widely used credit scores are created by Fair Isaac Corporation or FICO. Ninety percent of top lenders use this resource to help them make billions of credit-related decisions every year.  A person with credit has a FICO score at each of the three credit bureaus: Equifax, TransUnion and Experian. Each score is based on information the reporting bureaus keep on file about individuals with various types of credit. Data and scores may be different at each one.  Base FICO scores have a 300 to 850 range. Although many lenders seek FICO scores when making decisions, there is no single cutoff score used to calculate interest rates.

“Credit can be a wonderful thing – if it is good,” qualifies Hoover. “For example, someone with a credit score of 840 is just 10 points below the highest possible rating. That person could pay more than $90,000 less on a 30-year fixed rate mortgage for a $300,000 home. Be sure to take charge of your credit health and keep your scores strong. The rewards are ample,” he concludes.

Hoover’s Top 10 List:

  1. Establish a positive credit history by opening and responsibly managing a secured credit card.
  2. Get current on any missed payments. Delinquent accounts may stay on credit report files for up to seven years.
  3. Always pay bills on time with at least the minimum amount due.
  4. Stay within credit limits on cards or lines of credit.
  5. Review credit scores annually and report discrepancies promptly. Free reports can be ordered by linking to http://www.AnnualCreditReport.com or calling 1.877.322.8228 and following instructions.
  6. Pay down high interest rate debt first.
  7. Don’t open new credit accounts you don’t plan on using.
  8. Set a monthly budget and maintain it.
  9. When possible, consolidate debt into a lower interest rate account.
  10. Pay more than minimum amounts on monthly bills.

Hoover, who has more than 30 years industry experience, is a multiple Five Star Wealth Manager, which is achieved by fewer than seven percent of area financial advisors. He launched Hoover Financial Advisors in 2005. The firm was selected as the 2012 Small Business of the Year by Chester County Chamber of Business & Industry and the year before it was named among the top financial planners in the Philadelphia region. Headquartered on Moores Road in Malvern, HFA is an independent discretionary firm with no product ties. Services include wealth management, cash flow management, estate planning, retirement planning, financial forecasting, plan preparation and implementation, income tax strategies, insurance solutions and management of financial needs after the death of a loved one. For more information, visit its website at petehoover.com or call 610.651.2777.

Information for this news release was obtained from Wells Fargo; AnnualCreditReport.com; Federal Trade Commission Consumer Information (consumer.ftc.gov); creditcard.com. 

Music Meets Medicine Conference

Interdisciplinary Society for Quantitative Research in Music and Medicine
  Music Meets Medicine Conference
Advancing our understanding of the medical impact of music

July 24-26 2015
  •  Informative experiential workshop presentations and research papers

Raga therapy, Sacred scale, Chinese Bell Therapy, African drumming, BioGuided Music Therapy, Mandala and Music, Music and Pain, Native flutes and more…….

* CEU credits  available for Chinese Medicine and Music therapists

check our brochure

  • Evening Concerts  (Open to the Public) shows start at 7:30pm
    with vendors selling Cd’s and world instruments check our concerts

Immaculata University, 1145 King Rd. Malvern, PA

Visit our website

Flute Haven Mini 2015 Saturday June 13

 

 

Flute Haven Mini offers a day of Native Flute workshops, a flute circle, classes, and performances, and (most enjoyably) music-making and jamming.

At Flute Haven you can:

  • ClintGoss_Fujara1_lgraise your level of flute playing,
  • learn to play with  percussion, guitar, and piano,
  • dive into performing,
  • expand your flute playing into new genres,

Flute Haven is for people of all levels of musical experience – including beginners and experienced players. The amount of time you have played Native flutes is not important – only your desire to explore and expand your musicality.

 

Optional Friday night wine & cheese jam & reception 6:30pm – 8:30pm

 

Flutehaven Staff

Clint Goss, Eric and Lynn Miller, Ron Kravitz, Frank Henninger, Ron Volkman, Vera Shanov

9:30-12:30  Workshops * 12:30-1:30  Lunch * 2-5pm  Flute Circle

6:30-8:30 Outdoor Concert Stage Performance and Flute Facilitation

 

REGISTER HERE

Summer “Soul-stice”

  Expressive Arts workshop

Sue Mistretta and Lynn Miller
Saturday June 20th 10am – 5pm   

Summer Solstice is the longest day of the year, providing us with the most Light of any day. It also happens to be the day when the shortest shadow is found. Using this as a metaphor for our personal and spiritual growth journey, we will create a day of celebration and purification. Using expressive arts, we will explore our soul longings through painting, sound and movement. We will make this Soul-stice an opportunity to let go of the “old story” we each carry in our lives…even if just for a moment. Only when we let go, are we open to possibilities that exist in our lives. We will shed light on the most meaningful parts of our lives and give these parts of us a voice.

Cost for the workshop is $100 and includes lunch and all workshop materials.

Early bird special – $90 if you sign up before June 6th!

 

Additional information and registration:

Music for People’s,  Adventures in Improvisation

Join Our Musical Community

Find your authentic sound, explore your music

Lynn Miller, Ron Kravitz, Mary Knysh and Jim Oshinsky will guide you through singing, drumming, and instrument playing with MFP improvisational structures.
All styles, instruments and levels of experience welcomed.

 

Immaculata University, Malvern, PA

 June 26-28, 2015

Special tuition rate for first timers ($199 full weekend, $99 Saturday only)

Additional information and registration:

Which Philly-Area Municipalities Are Growing The Fastest?

Municipalities in Chester and Montgomery counties saw the biggest growth last year, while just four places in Camden County – including Camden City – added any residents at all.

That’s according to new Census Bureau data, released Thursday, that shows population gains and losses in communities across the country for the one-year period ending in July 2014.

Population figures for counties – including Philadelphia, which saw its population grow 0.27 percent to 1,560,297 residents during that time – were released earlier this spring.

The new data set lets every town, from the smallest boroughs to the largest cities, see how many residents it gained or lost.

Read more at http://www.philly.com/philly/news/20150522_Which_Philly-area_municipalities_are_growing_the_fastest_.html#CHc0iHBrbYeXs16r.99

HOOVER FINANCIAL ADVISORS ADDS CFP®

Sara Nelb, CFPMalvern, PA – Sara A. Nelb, CFP® recently joined Hoover Financial Advisors (HFA). Her appointment as a financial planner was announced by Peter K. Hoover, president and founder of the firm.

In her new position, Nelb will work with HFA clients to help them manage and maintain financial plans and achieve their singular goals. Prior to joining HFA, she was senior investment officer at The Haverford Trust Company in Radnor. Before that, Nelb held various positions at QVC in West Chester, including business analyst for Sales and Product Planning.

Nelb, who holds a B. S. degree in Business Administration from Drexel University, graduated magna cum laude. She is a member of the Financial Planning Association and holds a FINRA Series 65 license. She is also a past participant of Business on Board for the Arts & Business Council in Philadelphia. The CFP is a resident of Radnor.

“I’m excited to be part of the financial planning process,” says Nelb. “To work with a great team and contribute to the process that helps clients reach distinctive objectives is rewarding.” “It’s rewarding for HFA to have Sara on board,” adds Hoover. “Our company is celebrating our 10th anniversary this year. We opened with one CFP. With the addition of Sara, we now have three.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has quadrupled in size. In addition to the CFPs, employees include financial advisors, insurance and tax specialists, attorneys, an investment analyst, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777.

HOOVER FINANCIAL ADVISORS EXCEEDS FUNDS FOR FOOD GOAL

Larry Welsch, Chester County Food Bank executive director, is all smiles as he accepts a check from Hoover Financial Advisors. Shown with Welsch (l to r) are Pete Hoover, Beth Hoover and Kelly Hoover.

Larry Welsch, Chester County Food Bank executive director, is all smiles as he accepts a check from Hoover Financial Advisors. Shown with Welsch (l to r) are Pete Hoover, Beth Hoover and Kelly Hoover.

Malvern, PA – Hoover Financial Advisors completed its fall Funds for Food campaign by raising     $12, 500 for Chester County Food Bank. The goal was $10,000. “We couldn’t be happier to exceed our original plan,” says Pete Hoover, CFP, president and founder of HFA. “The holidays can be tough for families who don’t have enough to eat. The Food Bank reports that more than 50,000 residents of Chester County are food-insecure. Last year, it distributed over 2.6 million pounds of food, including 800, 000 pounds of fresh produce, to 100 food cupboards. We are very pleased to be able to help and thank all our clients and business colleagues who contributed so generously to the fund-raising campaign.”

“Hoover Financial Advisors has been a wonderful partner to Chester County Food Bank, says executive director Larry Welsch. “The company supports us with both monetary contributions and through volunteering. HFA has hosted fund drives among its clients to strengthen this support. We are so very fortunate to have corporations like HFA, who are not only supportive of the efforts of the Food Bank, but are also genuinely committed to the Chester County community. HFA is a true ambassador of Chester County Food Bank,” concludes Welsch.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. Two years ago, HFA was selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more details, visit its website at petehoover.com or call 610.651.2777. Go to ChesterCountyfoodbank.org for Chester County Food Bank information.

HOOVER FINANCIAL ADVISORS ADDS TAX SPECIALIST

Malvern, PAJohnFureyHoverAssociates2014-0009-1, recently joined Hoover Financial Advisors as a senior tax advisor. His appointment was announced by Peter K. Hoover, CFP, president and HFA founder. “We are delighted to have someone with such impressive credentials on our team,” says Hoover. “He is an asset for clients, particularly seniors.”

Furey’s primary duties are to help HFA clients with tax planning and preparation. His expertise concerning executive compensation tax implications, stock options and restricted stock, 401(k), pension plans and employee benefits is essential in guiding clients to financial goals and comfortable retirement. In addition, Furey’s knowledge of the intricacies of incentive programs and deferred compensation is beneficial in the tax planning process. He is a volunteer preparer through the AARP tax aide program. “I enjoyed learning how to apply HFA’s state-of-the-art software to my job. I first came here as a seasonal tax preparer and it evolved into an exciting and challenging year ‘round position,” concludes Furey.

Furey was an executive for Campbell Soup Company for more than 25 years. He served as vice president and corporate secretary for 18 years and received Campbell’s prestigious Influence with Honor leadership award. He holds a bachelor’s of science degree in business administration from Villanova University. He earned a doctor of jurisprudence and master of laws in taxation from Villanova, as well. Furey and his wife Jill reside in Villanova.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. Two years ago, HFA was selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at www.petehoover.com or call 610.651.2777. To reach Furey, call the tax department at 610.651.2777 (Ext. 123).

HOOVER FINANCIAL ADVISORS DESIGNATES OCTOBER FUNDS FOR FOOD MONTH TO BENEFIT CHESTER COUNTY FOOD BANK

petehoovernewheadshot (1)Malvern, PAWe all know that wonderful feeling of satisfaction when we see our seasonal tables laden with delicious food,” says Pete Hoover, president of Hoover Financial Advisors, P.C. “My mouth waters just thinking about holiday turkey, ham, cranberry sauce, yams, a bounty of vegetables and an array of tantalizing desserts. We are very blessed, but many folks in America and even Chester County are not so fortunate. Some 70,000 people in our area are food insecure and rely on the good will of others for help.”

This concern by Hoover and his staff prompted them to adopt the local food bank as its charity of record. Earlier this year, the HFA staff spent a day at its distribution center packing produce. Chester County Food Bank, which was founded in 2009, is comprised of a network of 90 food cupboards and feeding sites. In the past two years, it has distributed 1, 717, 689 pounds of food; of that total, fresh produce amounted to 432, 763 pounds. In addition, there is a children’s backpack program.

The financial planning firm has designated October as HFA Funds for Food Month. “This means that throughout October, we will collect money to support Chester County Food Bank and its many programs, including the Community, the Classroom and the Cafeteria, which increases equitable access to fresh healthy food for school children,” explains Hoover. “Last year, we raised $8,600 during our fall campaign, an increase of $3,100 over 2012. Our goal was $7,500 and we were delighted to go beyond our target objective. We are hoping to bring in $10,000 for the Food Bank this fall. Contributions from organizations and individuals have helped the Food Bank increase distribution by 119 percent providing the equivalent of 1.7 million meals since 2011”, concludes Hoover.

To participate in HFA Funds for Food Month: Send or drop off a check made out to Chester County Food Bank to HFA’s office at 112 Moores Road, Malvern, PA. (For each dollar donated, the food bank can provide four meals or five pounds of food.)

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has quadrupled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager.  HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777. To learn about Chester County Food Bank, call 610.873.6000 or go to http://www.chestercountyfoodbank.org.

Hoover Financial Advisors’ Philip Gagliardi Earns Prestigious Destination

Philip A. Gagliardi

Philip A. Gagliardi

Malvern, PA – Philip A. Gagliardi, a planner with Hoover Financial Advisors HFA), recently became one of only 350 individuals in the U.S. to earn the Certified Portfolio Manager® designation. This prestigious program is presented by the Academy of Certified Portfolio Managers and was completed at Columbia University in New York.

The designation, which was created five years ago, is the first of its kind for portfolio managers. To qualify, Gagliardi successfully fulfilled course studies in advanced concepts of Fundamental Analysis, Option Valuation, Foreign Currency Exchange, Credit Default Swap Strategy and Valuation Analytics. He and other designees explored cutting-edge issues in finance and investing with internationally recognized Columbia professors. The program was developed to meet a missing need among money managers enabling them to achieve the highest level of expertise in all facets in an ever-changing global economy.

Gagliardi joined HFA in 2011. Prior to that, he was a trust officer with Charles Schwab Bank in Wilmington, Delaware. Before that he held a similar position with Wachovia Bank in Wilmington. He holds a master’s degree in taxation and financial planning from Widener University, Chester. His Bachelor of Science degree from Cabrini College is in accounting.

“I am now better able to enhance portfolio models for our clients,” says Gagliardi. “The CPM program expanded my practical and pragmatic skills through in-depth theory and insight.” “We are very proud of Phil,” adds Peter K. Hoover, CFP, founder of HFA. “Achieving such a high-level designation is an excellent asset to the firm. Phil’s dedication to serving our clients is evident and testament to his commitment to the industry, as well.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has more than tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager.  HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

PROTECTING HEIRS REQUIRES PRUDENT PLANNING

petehoovernewheadshotMalvern, PA – Recently, a profusion of Internet and print articles proclaimed problems with the will of Philip Seymour Hoffman, who died in February. The late actor’s estimated net worth at the time of his death was $35 million. A tax exemption on the first $5.34 million is provided by federal law. However, a tax of up to 40 percent can be levied against the excess.

One of many other glitches involves Hoffman’s three children. When the will was signed in 2004, he had one son. Thus, his daughters are not mentioned in the will, which leaves everything to his companion Marianne O’Donnell, the children’s mother. A Trust is provided for their son, but nothing is allocated to the girls. The family resided in New York and the state allows only a $1 million exemption. Thus, New York can tax O’Donnell up to 16 percent on assets left to non-spouses. A total of more than $15.1 million in combined state taxes was reported in an article in Forbes. Without a marital deduction, O’Donnell’s assets could be taxed again upon her death.

Last year, news sources stated that $30 million of actor James Gandolfini’s $70 million estate would be eaten up in state and federal taxes. Subsequent reports clarifying the earlier claim indicated this was unlikely to happen.

Peter K. Hoover, CFP, is intrigued with all these reports and sees essential value in alerting people to potential disaster if proper measures aren’t in place concerning estates and beneficiaries. “If ownership, beneficiaries and implementation of assets are not worded correctly, the Trust outcome will not work as intended by the testator. One way Hoffman (or anyone) could have prevented financial crises for his heirs was by adding one or two sentences to the will to provide for future children,” he notes.

“I believe that Gandolfini had an irrevocable Trust, which is tax free,” continues Hoover. “However, there are many misconceptions that can cause estate problems for heirs. To simplify, think of an estate as moving parts that must work together.

“For example, if a married couple prepare their wills when they are relatively young and name children beneficiaries of a sizable estate, it would seem there would be no issues. But say both parents die unexpectedly a few years later and the kids are under the age of majority. A court guardian may have to be appointed and fights over the estate could ensue, disrupting the family and perhaps denying one or more children the inheritance wished for them. To prevent this, children’s estate assets can be directed toward a Trust until they reach specified ages; a Trustee could be named to administer this Trust.”

Hoover suggests another possible inheritance problem prevalent in divorce situations. “If someone re-marries and immediately revises his will naming his new wife beneficiary, one would assume she would receive the estate. Not so, if all insurance and retirement beneficiaries are not updated, as well. Because a beneficiary supersedes the will, the former spouse could get nearly everything. This is because insurance policies, 401Ks and IRAs were not changed when the will was drawn up. These are only two of many situations that could be prevented with proper planning.”

Hoover notes that other stumbling blocks to a smooth estate execution include tax law changes, improper signatory or power of attorney, even lifestyle modifications. “An individual’s estate should be carefully structured and then reviewed on a regular basis. In short, planning today provides peace of mind for heirs tomorrow.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has more than tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

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