Ancora Advisors LLC
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Overview
Ancora Advisors LLC operates as a financial advisory company headquartered in Cleveland, Ohio. Ancora Advisors LLC manages $4.1 billion in assets throughout 334 accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). The company has an average-sized group, including 37 financial advisors. Ancora Advisors LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like equities, bonds and options.
Ancora Advisors LLC oversees 320 of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions without requiring the client's consent. It also oversees 14 non-discretionary accounts with a total of $1.8 billion in assets. Ancora Advisors LLC manages roughly $12.2 million in assets for each customer account. An average financial advisor at Ancora Advisors LLC administers around nine client accounts, placing it among the more individualized financial advisor firms in the country.
The firm's central office is at 6060 Parkland Boulevard, Cleveland, Ohio 44124. It is registered to provide services to clients across a number of states, including Delaware, Florida, Louisiana, Michigan, Ohio and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Ancora Advisors LLC by the Numbers
$4.1 billion
60
334
$12.2 million
Fee Structure
A financial advisor's fees vary depending on which service is provided. However, fees charged by the firm likely include any blend of the following fee types: asset-based, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
Ancora Advisors LLC does business with a number of different clients. The firm provides services to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 334 customers, Ancora Advisors LLC's biggest client type is high net worth investors, although it also manages money for 162 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 48.5%
- Other Individuals - 0%
- Corporations - 41.32%
- Charitable Organizations - 10.18%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Ancora Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Ancora Advisors LLC
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
Cleveland, OH
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