Ancora Advisors LLC (Mayfield Heights)

Ancora Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ancora Advisors: assets under management

The assets under management (AUM) of Ancora Advisors LLC is $4.61 billion. The firm's AUM has grown by 15274% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.77 billion in discretionary accounts and $1.84 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $79.92 million.

Ancora Advisors has custody of $348.02 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is government bonds, which make up 35% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ancora Advisors LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fred David Disanto serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Fred David Disanto is corporations or other businesses with 72 clients and $2.47 billion of assets under management. Among the 11 most similar advisory firms, Ancora Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $4.61 billion for 290 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ancora Advisors also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $500,000.

Careers at Ancora Advisors LLC

The company employs 50 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Fred David Disanto has been acting as President since 1 Nov 2006. John Pewters Micklitsch has served as the Chief Investment Officer since 1 Sep 2013. Joseph Michael Spidalieri joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Mayfield Heights

The principal office where Ancora Advisors LLC performs its advisory services is located at 6060 Parkland Boulevard, Mayfield Heights, OH 44124, which is also the mailing address of the firm. An additional office of the firm is in Bloomfield Hills, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-825-4000 or by fax 216-825-4011. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ancora.net/.

Registered investment advisers similar to Ancora Advisors LLC

• Madison International Realty Holdings
• Hyperion Asset Management Limited
• Welch & Forbes
• Gottex America
• Pantheon Ventures (Us)
• Brightwood Capital Advisors
• Crestview Advisors
• Jefferies Investment Advisers
• Almanac Realty Investors
• Sky Harbor Capital Management
• Mackenzie Investments Europe Limited
• Trutino Capital Management
• Glen Point Capital Advisors
• Cramer Rosenthal Mcglynn
• First Eagle Private Credit