Hanover Square Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
Hanover Square Wealth Advisors reports 98 clients. They include 50 high-net-worth individuals, 45 individual clients and 1 pension or profit-sharing plan. Of its assets, 94.5% ($96M across 247 accounts) are managed with discretion; $5.6M across 22 accounts are not. It advised 90 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 46% | 13% |
| High-net-worth individuals | 51% | 85% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | 1% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 45 | $13.4M | 13.2% | $297K |
| High-net-worth individuals | 50 | $86M | 84.7% | $1.72M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $461K | 0.5% | $461K |
| Charitable organizations | Fewer than 5 | $165K | 0.2% | $165K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $1.56M | 1.5% | $1.56M |
| Total | 98 | $102M | 100% | — |
- Clients
- 45
- Regulatory AUM
- $13.4M
- AUM share
- 13.2%
- Avg. per client
- $297K
- Clients
- 50
- Regulatory AUM
- $86M
- AUM share
- 84.7%
- Avg. per client
- $1.72M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $461K
- AUM share
- 0.5%
- Avg. per client
- $461K
- Clients
- Fewer than 5
- Regulatory AUM
- $165K
- AUM share
- 0.2%
- Avg. per client
- $165K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.56M
- AUM share
- 1.5%
- Avg. per client
- $1.56M
Total
- Clients
- 98
- Regulatory AUM
- $102M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 90
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Hanover Square Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Stand-alone financial planning is a fixed one-time fee, typically $2,500 to $25,000, payable on delivery of the plan.
- Investment Consulting
- Annual retainer generally $500 to $10,000, paid quarterly in arrears and prorated for partial quarters.
- Retirement Plan Services
- Asset-based or flat fee for retirement plan investment consulting, negotiated with the plan sponsor and billed quarterly in arrears.
Derek Frosh owns 75% or more of Hanover Square Wealth Advisors. The leadership team of Hanover Square Wealth Advisors includes Chief Compliance Officer Derek Frosh. It has 2 employees, 1 of them in advisory roles.
Leadership
Derek FroshManaging Member and Chief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Hanover Square Wealth Advisors LLC
Derek Frosh
Control person · since April 2025
Hanover Square Wealth Advisors’ regulatory assets grew Infinity× from $0 (July 2025) to $102M (July 2026); employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $102M | 98 | 2 | 2 |
| July 2025 | $0 | 0 | 2 | 1 |
Besides its headquarters, Hanover Square Wealth Advisors has 1 office, with 2 listed addresses in North Carolina.
North Carolina · 1 listed address
- 480 N. Patterson Avenue, Winston-Salem
Contact and registration details
- Legal name
- Hanover Square Wealth Advisors LLC
- Headquarters
- Not reported
- Website
- hanoversquarewa.com
- Phone
- 336-444-2680
- SEC file
- 801-133697
- Structure
- Delaware LLC
- Fiscal year end
- December
Hanover Square Wealth Advisors does not have custody of client assets.
At year end, Hanover Square Wealth Advisors’ separately managed accounts were mostly in stocks (69%) and funds (20%).
What the accounts hold
- Stocks69%
- Funds20%
- Cash11%
How many clients does Hanover Square Wealth Advisors have?
Hanover Square Wealth Advisors has 98 clients and manages $102 million for them, as of July 2026. They include 50 high-net-worth individuals, 45 individual clients and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does Hanover Square Wealth Advisors offer?
Hanover Square Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Hanover Square Wealth Advisors have?
Hanover Square Wealth Advisors has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Hanover Square Wealth Advisors invest in?
At the end of its last fiscal year, Hanover Square Wealth Advisors’ separately managed accounts held 69% exchange-traded equities, 20% registered funds (mutual funds, ETFs, BDCs) and 11% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hanover Square Wealth Advisors?
Hanover Square Wealth Advisors’ direct owner is Derek Frosh (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does Hanover Square Wealth Advisors get paid?
Hanover Square Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Hanover Square Wealth Advisors?
Its phone number is 336-444-2680. Its website is hanoversquarewa.com.