Dover Investment Advisory provides portfolio management for individuals and small businesses.
Dover Investment Advisory reports 45 clients. They include 30 high-net-worth individuals and 15 individual clients. Of its assets, 100.0% ($135M across 45 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 33% | 4% |
| High-net-worth individuals | 67% | 96% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 15 | $5.19M | 3.8% | $346K |
| High-net-worth individuals | 30 | $130M | 96.2% | $4.34M |
| Total | 45 | $135M | 100% | $3.01M |
- Clients
- 15
- Regulatory AUM
- $5.19M
- AUM share
- 3.8%
- Avg. per client
- $346K
- Clients
- 30
- Regulatory AUM
- $130M
- AUM share
- 96.2%
- Avg. per client
- $4.34M
Total
- Clients
- 45
- Regulatory AUM
- $135M
- AUM share
- 100%
- Avg. per client
- $3.01M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Dover Investment Advisory charges 0.25%–0.50% for its DIAC Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is not negotiable.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$3M | 0.50% |
| $3M–$5M | 0.375% |
| $5M and above | 0.25% |
Fee details and sources
Stuart Nagode owns 75% or more of Dover Investment Advisory. The leadership team of Dover Investment Advisory includes President Stuart Nagode. It has 1 employee.
Leadership
- Stuart NagodePresident and Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Dover Investment Advisory Corporation
Stuart Nagode
Control person · since November 2001
Dover Investment Advisory’s regulatory assets grew from $103M (November 2020) to $135M (November 2025); clients fell from 53 to 45 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| November 2025 | $135M | 45 | 1 | 1 |
| November 2024 | $127M | 48 | 1 | 1 |
| November 2023 | $112M | 49 | 1 | 1 |
| November 2022 | $110M | 59 | 1 | 1 |
| November 2021 | $126M | 53 | 1 | 1 |
| November 2020 | $103M | 53 | 1 | 1 |
Besides its headquarters, Dover Investment Advisory has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Dover Investment Advisory Corporation
- Headquarters
- Not reported
- Website
- doverinvestmentadvisory.com
- Phone
- 508-954-9745
- SEC file
- 801-114388
- Structure
- Massachusetts corporation
- Fiscal year end
- September
Dover Investment Advisory uses Fidelity ($88.3M) as custodian for its separately managed accounts. Dover Investment Advisory does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $88.3M100%
At year end, Dover Investment Advisory’s separately managed accounts were mostly in stocks (64%) and funds (29%).
What the accounts hold
- Stocks64%
- Exchange-traded equities62%
- Non-exchange-traded equities2%
- Funds29%
- Cash7%
How many clients does Dover Investment Advisory have?
Dover Investment Advisory has 45 clients and manages $135 million for them, as of November 2025. They include 30 high-net-worth individuals and 15 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 November 2025
What services does Dover Investment Advisory offer?
Dover Investment Advisory provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Dover Investment Advisory charge?
Dover Investment Advisory charges 0.25%–0.50% for its DIAC Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is not negotiable.
Which custodians does Dover Investment Advisory use?
Dover Investment Advisory’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $88.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 November 2025
How many financial advisors does Dover Investment Advisory have?
Dover Investment Advisory has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dover Investment Advisory invest in?
At the end of its last fiscal year, Dover Investment Advisory’s separately managed accounts held 62% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents and 2% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dover Investment Advisory?
Dover Investment Advisory’s direct owner is Stuart Nagode (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 November 2025
How does Dover Investment Advisory get paid?
Dover Investment Advisory is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Dover Investment Advisory?
Its phone number is 508-954-9745. Its website is doverinvestmentadvisory.com.