{"url":"https://nivawealth.com/firms/dover-investment-advisory-123499","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/123499","regulatoryAum":135408889,"crd":"123499","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4346606","suffix":null,"lastName":"NAGODE","firstName":"STUART","middleName":"KEVIN"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2020-11-05","regulatoryAum":103181354,"clients":53,"employees":1,"offices":1},{"filedOn":"2021-11-16","regulatoryAum":125659706,"clients":53,"employees":1,"offices":1},{"filedOn":"2022-11-15","regulatoryAum":109959279,"clients":59,"employees":1,"offices":1},{"filedOn":"2023-11-13","regulatoryAum":112341101,"clients":49,"employees":1,"offices":1},{"filedOn":"2024-11-26","regulatoryAum":126880907,"clients":48,"employees":1,"offices":1},{"filedOn":"2025-11-12","regulatoryAum":135408889,"clients":45,"employees":1,"offices":1}],"secFileNumber":"801-114388","legalName":"Dover Investment Advisory Corporation","displayName":"Dover Investment Advisory","slug":"dover-investment-advisory-123499","website":"https://doverinvestmentadvisory.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Massachusetts corporation","fiscalYearEnd":"September","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"6 December 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":3009086.422222222,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":135408889,"discretionary":135408889,"discretionaryAccounts":45,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":15,"regulatoryAum":5189474},{"label":"High-net-worth individuals","clients":30,"regulatoryAum":130219415}],"feePrograms":[{"role":"main","program":"DIAC Fee Schedule","feeBasis":"marginal","fee_tiers":[{"to":3000000,"pct":0.5,"from":0},{"to":5000000,"pct":0.375,"from":3000000},{"to":null,"pct":0.25,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=996008","versionId":996008,"ratePeriod":"not_stated","fee_billing":null,"submittedOn":"2025-11-12","documentName":"DIAC BROCHURE","fee_rate_low":0.25,"fee_rate_high":0.5,"fee_negotiable":false,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:41:12.801976+00:00","documents":[{"name":"DIAC BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=996008","versionId":996008,"submittedOn":"2025-11-12"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":88272428}],"custodyNote":"Dover Investment Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Stuart Nagode","title":"President and Chief Compliance Officer","crd":"4346606"}],"ownership":[{"label":"Stuart Nagode","detail":"President and chief compliance officer in the 75% or more ownership band and a control person, since November 2001."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"508-954-9745","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":62},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":29},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"12 November 2025","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/123499/PDF/123499.pdf","brochureDate":"12 November 2025","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=996008","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Dover Investment Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dover Investment Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Dover Investment Advisory charge?","answer":"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.","source":"DIAC BROCHURE, filed 12 November 2025","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Dover Investment Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Dover Investment Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Dover Investment Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Dover Investment Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dover Investment Advisory get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Dover Investment Advisory?","answer":"Its phone number is 508-954-9745. Its website is doverinvestmentadvisory.com.","source":"Form ADV Part 1A, Item 1.F, filed 12 November 2025","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}