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 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.