Macnealy Hoover Investment Management Inc is a large advisory firm based in Canton. It manages $237.62 million of regulatory assets for 84 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Ohio, South Carolina, Texas, and Utah.
Macnealy Hoover Investment Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Macnealy Hoover Investment Management Inc is $237.62 million. The firm's AUM has grown by 149% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Macnealy Hoover Investment Management Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Charles Howard Hoover is high net worth individuals with 75 clients and $223.09 million of assets under management. Among the 12 most similar advisory firms, Macnealy Hoover Investment Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $237.62 million for 85 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Macnealy Hoover Investment Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Charles Howard Hoover has been acting as President since 1 May 1999. Harry C C Macnealy joined the executive team most recently as the Chief Executive Officer And Chief Compliance Officer.
The principal office where Macnealy Hoover Investment Management Inc performs its advisory services is located at Millennium Centre 200 Market Ave. N. Suite 200, Canton, OH 44702, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 330-454-1010 or by fax 330-454-1003. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday.