Ancora Advisors LLC

CRD#124674
Investment Advisor Firm

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Learn more about Ancora Advisors LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Ancora Advisors LLC is located at 6060 Parkland Boulevard, Cleveland, OH. The firm employs 36 financial advisors to manage client portfolios and provide financial guidance. Ancora Advisors LLC is not a registered broker-dealer.

    Ancora Advisors LLC oversees $4.3 billion in assets under management across 324 accounts, of which 16 are discretionary and 308 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and other services. The firm caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Ancora Advisors LLC includes asset-based, fixed, performance-based, and other fees. The firm has 153 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, an accountant or accounting firm, an insurance company or agency, a pension consultant, and a commodity pool advisor.

    Ancora Advisors LLC is registered in the states of Delaware, Florida, Louisiana, Michigan, Ohio, and Texas.

    Assets Under Management

    $4.3 billion

    Number of Advisors

    36

    Disclosures

    No

    Office Location

    6060 Parkland Boulevard
    Cleveland, OH 44124

    Ancora Advisors LLC by the Numbers

    Total Assets Under Management

    $4.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    60

    National Average: 64
    Total Number of Accounts

    324

    National Average: 375,227
    Average Account Size

    $13.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services usually vary depending on the type of services provided. Fees billed by Ancora Advisors LLC most likely consist of any blend of the following fee structures: asset-based, fixed, performance-based, or other.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The firm does business with a number of different clients. The firm caters 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 8 clients, Ancora Advisors LLC's largest client type by number of accounts is corporations, but it also serves 153 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 47.22%
    • Other Individuals - 0%
    • Corporations - 41.98%
    • Charitable Organizations - 10.8%

    * 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

    Steven Varrone
    Cleveland, OH
    Daniel Thelen
    Cleveland, OH
    Daniel Hyland
    Cleveland, OH
    Sonia Mintun
    Cleveland, OH
    Timothy Mccormick
    Cleveland, OH
    Larry Joseph
    Cleveland, OH
    James Bernard
    Cleveland, OH
    John Micklitsch
    Cleveland, OH
    James Raimondo
    Cleveland, OH

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