A portable hoist assembly for lifting, relocating and lowering loads includes a trailer that is both wheeled and configured to couple to a vehicle. A power module, a lift arm and an actuator are coupled to the trailer. The actuator is operationally coupled to the power module and the lift arm. A fastener is operationally coupled proximate to a second end of the lift arm. The fastener is configured to couple the lift arm to a load. The actuator is positioned to motivate the lift arm and the fastener upwardly and downwardly. The load that is coupled to the lift arm is elevated from a first resting position to a raised position, repositioned by movement of the trailer, and lowered from the raised position to a second resting position.