Financial Planning & Investment Management Services
Hoover Financial Advisors is a fee-only wealth management firm in Indianapolis with a focus on financial planning and investment management for individuals, families, and small business owners.
Financial Planning:
Our objective planning process can help you work through the following areas:
- General Planning
Net worth statement; cash flow analysis; objective review of work benefits (stock options, pensions, insurance, and related programs) and all personal life and disability insurance policies. - Family Planning
College and private school planning; planning for weddings and other personal family goals; planning for elderly family members, disability, and divorce. - Retirement Planning
Retirement needs modeling for selected retirement ages and rates of return; restructuring of assets to support retirement needs; required minimum distribution (RMD) tax planning; education on Medicare, Medicaid, and long-term care. - Business Owner & Executive Planning
Business succession planning; executive compensation planning, such as stock option review; coordination of business valuation (conducted by third party firm); buy-sell agreement review; employee benefits review. - Investment Planning
Review of all current investments and their benchmarked results against their peers; review of your asset allocation; education on your choices for investment types, account options, and their costs. - Estate Planning
Will and trust design strategies; property ownership alternatives; estate tax reduction techniques; qualified plan distribution; family gifting strategies; charitable planning; inherited IRA tax planning.
Investment Management: We believe clients should understand their options before making decisions. We manage investment portfolios of $750,000 or more on a fee-only basis, which gives us flexibility to adjust holdings as your situation and the markets change. Our goal is to align your portfolio with the financial plan we develop together.
Client assets are custodied at Fidelity, which provides clearing and statement services for accounts we manage.
For families, we will combine assets for parents, siblings, and children for the purpose of investment fee calculations. This reduces fees for the entire family. For families where we manage more than $1 million in investments, we are happy to provide financial planning advice at no charge to children of all ages.
Getting Started
If you are considering working with Hoover Financial Advisors, call our office at (317) 871-8578 to schedule an introductory conversation. During that meeting, we will discuss your current financial picture, your short-term and long-term goals, and whether our planning and investment services are a good fit.
There is no obligation, and we welcome the chance to answer your questions about our process, fees, and how we work with clients in the Indianapolis area and beyond. You can also reach us through our Contact page or learn more about our firm on the About Hoover Financial Advisors page.
Coordination With Your Professional Team
Financial planning rarely happens in isolation. We routinely coordinate with your CPA, estate planning attorney, insurance agent, and other professionals to keep advice consistent across your entire financial picture.
If you already work with trusted advisors, we are glad to collaborate with them as part of your planning and investment strategy. This team-based approach helps ensure that tax, legal, insurance, and investment decisions support the same long-term goals.