Ancora Alternatives LLC
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Overview
Ancora Alternatives LLC is an advisory company located in Cleveland, Ohio. Ancora Alternatives LLC administers $1.3 billion in assets under management over 28 accounts, making it one of the bigger investment advisory firms in the United States by assets under management (AUM). The firm has an average-sized team, including 36 financial advisors. Ancora Alternatives LLC does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets such as bonds, options and stocks.
Ancora Alternatives LLC manages all of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without requiring the client's authorization. The advisory firm's typical account size is $45.1 million. The average financial advisor at Ancora Alternatives LLC administers fewer than one client account, placing it among the most personalized advisor firms in the country.
The company's headquarters is located at 6060 Parkland Blvd., Cleveland, Ohio 44124. Ancora Alternatives LLC is legally permitted to serve customers across 19 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Ancora Alternatives LLC by the Numbers
$1.3 billion
60
28
$45.1 million
Fee Structure
Financial management fees typically depend on the type of financial services offered. However, fees billed by Ancora Alternatives LLC most likely consist of some blend of the following fee structures: asset-based, performance-based or other. The company does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
Ancora Alternatives LLC caters to high net worth investors, investment companies, pooled investment vehicles and corporations. Out of its 28 accounts, Ancora Alternatives LLC's largest client by number of accounts is pooled investment vehicles, although it also serves one high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 3.57%
- Other Individuals - 0%
- Corporations - 96.43%
- Charitable Organizations - 0%
* 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 Alternatives LLC does not have any disclosures.
Please visit its Form ADV for more details.
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