Hanover Advisors Inc

Item 5 Fees and Compensation
Our fee for portfolio management services is based on a percentage of your assets we manage. It is billed
and payable quarterly in arrears and is calculated on the value of your account on the last day of the quarter.
The fee is set forth in the following schedule:

Please refer to the “Advisory Business” section of this brochure for additional details on our fees and
compensation.

                              Assets Under Management            Annual Fee
                              $0 - $1,000,000                    1.00%
                              $1,000,000 and above               0.50%

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in mutual
funds and ETFs. The fees that you pay to our firm for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds or ETFs (described in each fund's prospectus)
to their shareholders. These fees will generally include a management fee and other fund expenses.

However, the client may directly incur additional transaction charges and/or related brokerage or custodial
fees when we are purchasing or selling securities on behalf of the client. These charges and fees are
typically imposed by the broker-dealer or custodian through whom client account transactions are executed.
We do not share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian directly to the client. To fully understand the total cost you will incur, you should review all the fees
charged by mutual funds, ETFs, our firm, and others. For information on our brokerage practices, please
refer to the "Brokerage Practices" section of this brochure.

We may trade client accounts on margin. Each client must sign a separate margin agreement with its
custodian before margin is extended to that client account. Fees for advice and execution on these securities

are based on the net total asset value of the account. The use of margin will result in the additional cost of
interest charged by the custodian which is separate from, and in addition to, our fees, which will be assessed
on the “net” value of the account, i.e., the account value minus the margin balance.

We offer financial planning as part of our portfolio management service to those clients who are paying a
portfolio management fee of at least 1%. We do not offer financial planning services to those clients paying
a fee lower than 1%.

Item 7 Types of Clients
We offer investment advisory services to individuals, high new worth individuals, pension and profit sharing
plans, trusts, estates, charitable organizations, corporations, and ther business entities.

In general, we do not require a minimum dollar amount to open and maintain an advisory account; however,
we have the right to terminate your Account if it falls below a minimum size which, in our sole opinion, is too
small to effectively manage.