Hoover Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Hoover Private Wealth reports 222 clients. They include 175 individual clients, 35 corporations and other businesses, and 12 high-net-worth individuals. Of its assets, 39.3% ($67.3M across 603 accounts) are managed with discretion; $104M across 35 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 26% |
| High-net-worth individuals | 5% | 11% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 16% | 61% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 175 | $45.4M | 26.5% | $259K |
| High-net-worth individuals | 12 | $19.7M | 11.5% | $1.64M |
| Charitable organizations | Fewer than 5 | $1.09M | 0.6% | — |
| Corporations and other businesses | 35 | $105M | 61.4% | $3.01M |
| Total | 222 | $171M | 100% | — |
- Clients
- 175
- Regulatory AUM
- $45.4M
- AUM share
- 26.5%
- Avg. per client
- $259K
- Clients
- 12
- Regulatory AUM
- $19.7M
- AUM share
- 11.5%
- Avg. per client
- $1.64M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.09M
- AUM share
- 0.6%
- Avg. per client
- —
- Clients
- 35
- Regulatory AUM
- $105M
- AUM share
- 61.4%
- Avg. per client
- $3.01M
Total
- Clients
- 222
- Regulatory AUM
- $171M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 11–25
Hoover Private Wealth is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
It has 6 employees, 2 of them in advisory roles.
Leadership
- Randall HooverManaging Member and CCO
- Randall HooverMember
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Randall Alan Hoover Sr.
- Randall Alan Hoover JR
Staff
- 6 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 5% to 10% of Hoover Private Wealth, LLC
Randall Hoover
Control person · since July 2025
Besides its headquarters, Hoover Private Wealth has 0 offices, with 1 listed address in Michigan.
Michigan · 1 listed address
- 3123 Crooks Road, Royal OakHQ
Contact and registration details
- Legal name
- Hoover Private Wealth, LLC
- Headquarters
- 3123 Crooks Road, Royal Oak, MI 48073
- Website
- Not reported
- Phone
- 248-298-4000
- @hoover-private-wealth
- SEC file
- 801-134707
- Structure
- Delaware LLC
- Fiscal year end
- December
Hoover Private Wealth uses Fidelity ($152M) as custodian for its separately managed accounts. Hoover Private Wealth does not have custody of client assets.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $152M100%
At year end, Hoover Private Wealth’s separately managed accounts were mostly in funds (68%) and stocks (21%).
What the accounts hold
- Stocks21%
- Funds68%
- Registered funds66%
- Pooled vehicles2%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash4%
Filed values cover 95%. The neutral 5% gap has no reported category.
How many clients does Hoover Private Wealth have?
Hoover Private Wealth has 222 clients and manages $171 million for them, as of March 2026. They include 175 individual clients, 35 corporations and other businesses, and 12 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Hoover Private Wealth offer?
Hoover Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Hoover Private Wealth use?
Hoover Private Wealth’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $152M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Hoover Private Wealth have?
Hoover Private Wealth has 2 investment adviser representatives registered with state securities authorities, out of 6 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Hoover Private Wealth invest in?
At the end of its last fiscal year, Hoover Private Wealth’s separately managed accounts held 66% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 4% cash and equivalents, 2% pooled vehicles (private funds and similar), 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hoover Private Wealth?
Hoover Private Wealth’s direct owner is Randall Hoover, each holding 10% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Hoover Private Wealth get paid?
Hoover Private Wealth is paid through a percentage of assets under management 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 Hoover Private Wealth?
Hoover Private Wealth’s main office is at 3123 Crooks Road, Royal Oak, MI 48073. Its phone number is 248-298-4000.