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R.J. Hoover Earns Accredited Investment Fiduciary Designation From The Center of Fiduciary Studies

ROYAL OAK, MI May 26, 2017 - R.J. Hoover of Hoover and Associates has been awarded the Accredited Investment Fiduciary® (AIF®) designation from the Center for Fiduciary Studies™ (the Center), the standards-setting body for fi360. The AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The designation is the culmination of a rigorous training program, which includes a comprehensive, closed-book final examination under the supervision of a proctor, and agreement to abide by the Code of Ethics and Conduct Standards. On an ongoing basis, completion of continuing education and adherence to the Code of Ethics and Conduct Standards are required to maintain the AIF designation.


Hoover, a resident of Beverly Hills, MI, is an independent financial planner for Hoover and Associates, in Royal Oak, MI.


Fi360, based near Pittsburgh, Pa., is the first full-time training and research facility for fiduciaries, and conducts training programs throughout the United States and abroad. The Center for Fiduciary Studies confers the AIF designation as well as the Accredited Investment Fiduciary Analyst™ (AIFA®) and Professional Plan Consultant™ (PPC™) designations. AIFA designation holders are the only recognized professionals trained to perform fiduciary assessments, which measure how well investment professionals are fulfilling the fiduciary duties required of them by the applicable investment legislation, case law, and regulatory opinion letters. PPC designation holders possess an ability to employ best practices that help plan sponsors run successful and compliant practices. The PPC designation is awarded to those who complete a curriculum based on ERISA regulations and industry best practices as it pertains to the management of a qualified plan.

Hoover and Associates offers complete insurance, financial, and employee benefit planning services. As a fully independent financial firm, they represent over 100 service providers. They research the marketplace and customize their recommendations based on their client’s individual needs and goals. Their team of professionals is dedicated to providing guidance, vision, and customer care that is required in every phase of planning. Their goal is to service their clients' business and personal needs, focusing on solutions that emphasize convenience, practicality, and ingenuity.

About fi360

fi360 helps its clients gather, grow, and protect assets through better investment and decision-making. Since 1999, fi360 has been providing innovative solutions to financial services providers, including the AIF® and AIFA® training programs, the fi360 Toolkit™ software, and fi360 Fiduciary Score®. Our vision is to be the leading provider of services that raise the level of professionalism in investment management.


With extensive education, certification, software, and practice management offerings, fi360 is a one-stop shop equipped to provide individuals and organizations with the training, tools, and resources necessary to become more successful.


Securities offered through Sigma Financial, Corp. Member FINRA/SIPC.

Hoover and Associates is independent of Sigma Financial Corporation.

Hoover and Associates is Planning for a Busy 2017 AEP

Hoover & Associates Insurance and Financial Services is preparing for their busiest Annual Enrollment Period for Medicare ever.

Hoover said “This year should be particularly busy, as we have had an organic increase in business with a number of people being referred to us that are aging in to Medicare. We will also be representing many more Prescription Drug Plans this year in order to serve our customers needs more completely.”

Many people will also be considering Medicare Advantage Plans for the first time, as they are made aware of their substantial rate increase with the Blue Cross Blue Shield Legacy product.

This potentially, disappointed, group of Blue Cross Blue Shield policy holders have been dealt a huge rate increase on the product and they don't know how they will afford the new premium in January. In some cases, a Medicare Advantage product may be an appropriate affordable route for seniors and disabled people to consider.

The new rates proposed with the state are shocking. Some examples of the proposed rates sent to consumers are as follows; Disabled Male Age 58 will see his premiums go from $122.86 to $314.87 per month. A Male and Female couple age 87 and 85 in Bloomfield Hills saw their premium go from $40.42 a month to $196.28 for him per month and $166.34 per month for her. A Grosse Pointe couple saw the same increase.

The agency will be expanding their business hours, meeting with clients on Saturday’s and scheduling evening appointments in order to accommodate the increased customer demand.

For more information about the services offered by Hoover & Associates and interviews with Randall Hoover, please call Elizabeth Chaney at 248/298-4000 or visit www.hooverassociates.com.

Securities offered through Sigma Financial, Corp. Member FINRA/SIPC.

Hoover and Associates is independent of Sigma Financial Corporation.

Hoover and Associates Financial Services, Inc.

909 N. Main Street Royal Oak, MI 48067

248-298-4000

Randall Hoover now United Health Care AARP Level 2 Agent

Royal Oak, MI – Hoover and Associates Financial Services, Inc. is pleased to announce that Randall Hoover will once again be licensed as a United Health Care AARP Level 2 Agent for Medicare supplemental products during 2016-2017. The Level 2 status is extended to only a small percentage of agents based on course completion, production, experience, and quality. Randall stated, “I am excited to be considered one of AARP’s Level 2 agents. It is an honor to be differentiated and recognized in this exclusive category. The Medicare supplements, from United Healthcare / AARP, have been valuable to our customers, as the rates are competitive and renewals stable. Customers also appreciate the brand name recognition of UHC/AARP.”

909 North Main Street, Royal Oak, Michigan.

Securities offered through Sigma Financial, Corp. Member FINRA/SIPC.

Hoover and Associates is Independent of Sigma Financial Corporation.


Hoover and Associates to Host 401(K) Plan Dine & Discussion

Royal Oak, Michigan - Hoover and Associates Financial Services, Inc. will host a Dine & Discussion onTuesday, May 12, 2015. HR CE Approved, Investment Committee Fiduciary Training will be offered.

Gary Yerke, Vice President & Associate General Counsel of Fidelity Investments will be providing an update on proposed legislation pending in Washington that could impact 401(k) Plans. Aaron D. Hassinger, Regional Vice President of Fidelity Investments will be joining him in the discussion regarding Investment Committee members and HR professionals fiduciary responsibilities.

Some of the questions that will be answered at the event are:

  • Who is a plan fiduciary?
  • Is the DOL considering mandatory training for investment committee members and HR professionals?
  • How much risk do I have as a plan fiduciary?
  • What proposed legislation is pending in Washington that could impact our 401(k) Plan?

Who would benefit from attending? Investment Committee Members, HR Professionals, Business owners, CPA's and attorneys.


Seating is limited for this event; please contact Alexandra Perkins at 248-298-4000 or email: [email protected] for more information. Please note: this is not an open meeting, but a private event.

Securities offered through Sigma Financial, Corp. Member FINRA/SIPC.

Hoover & Associates Financial Services, Inc. is independent of Sigma Financial Corporation


Randall A. Hoover, ChFC, REBC, CLU, RHU, LIC, AIF

Qualifies for Soaring Eagle Award


(Washington, DC) -- The Leading Producers Round Table (LRPT) of the National Association of Health Underwriters (NAHU) is proud to announce that Randall A. Hoover of Hoover and Associates Financial Services, Inc. has qualified to receive the association's prestigious Soaring Eagle Award.


The Soaring Eagle Award is the highest honor given by LPRT to recognize National Association of Health Underwriters members who have achieved the greatest success in demonstrating exceptional professional knowledge and outstanding client service.


Hoover, a resident of Beverly Hills, MI is an independent financial planner for Hoover and Associates Insurance and Financial Services, Inc., located at 909 N. Main Street, Royal Oak, MI. Hoover offers complete financial planning, insurance, and employee benefit planning services.


“Hoover exemplifies the qualities that make health insurance agents and brokers such important resources and advocates for American consumers,” said Erika Sklar, president of the Metro Detroit Association of Health Underwriters. “He has worked tirelessly on behalf of countless clients to ensure they have the insurance coverage they need.”


Randy held many meetings with individuals and employees, community presentations in conjunction with the Detroit Chamber and even participated in a TV show, “ObamaCare: A HealthCare Briefing”.


The National Association of Health Underwriters represents 100,000 professional health insurance agents and brokers who provide insurance for millions of Americans. NAHU is headquartered in Washington, DC. For more information, please contact Kelly Loussedes at 202-595-3074 or [email protected].


Securities offered through Sigma Financial, Corp. Member FINRA/SIPC.

Hoover and Associates is independent of Sigma Financial Corporation.


Randy Hoover Qualifies for the National Association of Insurance and Financial Advisors Quality Award for 2013

Royal Oak, MI January 2014- Randy Hoover of Hoover and Associates has been awarded the Quality Award from NAIFA (National Association of Insurance and Financial Advisors). The NAIFA Quality Award is presented to advisors who have demonstrated a commitment to excellence through: pursuit of education and earned designations, consistent production and performance, adherence to the NAIFA code of ethics, and leadership in an industry association. The NAIFA Quality Award, reflects all the varied practice specialties of NAIFA members with a singular mark recognized by all. Achievement of The Quality Award is the mark of distinction within the industry.

Hoover, a resident of Beverly Hills, MI is an independent financial planner for Hoover and Associates Insurance and Financial Services, Inc. in Royal Oak, MI. Hoover offers complete financial planning, insurance, and employee benefit planning services.

About Hoover and Associates: Working as a team Hoover and Associates offers complete insurance, financial, an employee benefit planning services. They work together to serve their clients business and personal needs, focusing on solutions that emphasize convenience, practicality, and ingenuity. As a fully independent financial firm, they represent over 100 service providers. They research the marketplace and customize their recommendations based on the clients' individual needs and goals. Their team of professionals is dedicated to providing guidance, vision, and customer care that is required in every phase of planning.

About the National Association of Insurance and Financial Advisors:
Founded in 1890 as The National Association of Life Underwriters (NALU), NAIFA is one of the nations oldest and largest associations representing the interests of insurance professionals from every Congressional district in the United States. NAIFA members assist consumers by focusing their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. NAIFA's mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.

Randy Hoover Earns Accredited Investment Fiduciary Designation from the Center of Fiduciary Studies

Royal Oak, MI January 2014 - Randy Hoover of Hoover and Associates has been awarded the Accredited Investment Fiduciary (AIF) Designation from the Center for Fiduciary studies (the Center), the standards-setting body for fi360. The AIF Designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The Designation is the culmination of a rigorous training program, which includes a comprehensive, closed book final examination under the supervision of a proctor, and a agreement to abide by the Code of Ethics. On an ongoing basis designees are required to complete continuing education to maintain the AIF Designation.

Hoover, a resident of Beverly Hills, MI is an independent financial planner for Hoover and Associates Insurance and Financial Services , Inc. in Royal Oak, MI. Hoover offers complete financial planning, insurance, and employee benefit planning services.

Fi360, based near Pittsburgh, PA., Is the first full-time training and research facility for fiduciaries, and conducts training programs at universities throughout the United States and abroad. The Center for Fiduciary Studies confers AIF Designation as well as the Accredited Investment Fiduciary Analyst (AIFA) designation. AIFA designees are the only recognized professionals trained to perform fiduciary assessments, which measure how well investment professionals are fulfilling the fiduciary duties required of them by the applicable investment legislation, case law, and regulatory opinion letters.

About Hoover and Associates: Working as a team Hoover and Associates offers complete insurance, financial, an employee benefit planning services. They work together to serve their clients business and personal needs, focusing on solutions that emphasize convenience, practicality, and ingenuity. As a fully independent financial firm, they represent over 100 service providers. They research the marketplace and customize their recommendations based on the clients individual needs and goals. Their team of professionals is dedicated to providing guidance, vision, and customer care that is required in every phase of planning.

About Fi360
Fi360s offers training, tools and resources to promote a culture of fiduciary responsibility and improve the decision-making processes of investment fiduciaries' individuals who manage money for others. Fi360 provides investment education and training programs, and develops sophisticated web based tools and reporting including the innovative Fi360 Fiduciary Score and the Family Fund Fiduciary Rankings for trustees and investment professionals. The Center for Fiduciary Studies confers the Accredited Investment Fiduciary (AIF) and Accredited Investment Fiduciary Analyst (AIFA) professional designations. For more information on future Fi360 events, training programs, and fiduciary products visit WWW.Fi360.com