Hanover Square is an online marketplace that matches individual investors with vetted, registered financial advisors. The platform provides advisors with tools for client onboarding, relationship management, and regulatory compliance, while trade execution and custodial services are handled through a partnership with Charles Schwab.
Funding
Funding not disclosed
Founders
Product
Problem
Investors seeking personalized financial advice often face difficulty identifying qualified, registered advisors and managing ongoing compliance and relationship logistics, leading to inefficient advisor selection and fragmented service delivery.
Solution
Hanover Square provides an online marketplace that connects individual investors with vetted, registered financial advisors. The platform offers advisors a suite of tools to handle client onboarding, relationship management, and regulatory compliance. Execution of trades and custodial services are facilitated through a partnership with Charles Schwab, allowing advisors to focus on advisory services while leveraging Schwab’s brokerage infrastructure.
Target Audience
Primary users are individual investors looking for professional financial advice and registered financial advisors seeking a streamlined platform to acquire and manage client relationships.
Features
- Searchable advisor directory with filters for credentials, specialties, and client preferences
- Integrated client relationship management (CRM) system for advisors to track interactions and documentation
- Compliance workflow tools that automate record-keeping and regulatory reporting requirements
- Seamless brokerage integration with Charles Schwab for trade execution and account servicing
- Secure data exchange and document storage to protect client information