Ancora Retirement Plan Advisors Inc. (Cleveland)

Name: Ancora Retirement Plan Advisors Inc.
Address: 6060 Parkland, Cleveland, OH, 44124
Telephone: 216-593-5090

Ancora Retirement Plan Advisors Inc. is a large advisory firm based in Cleveland. It manages $430.94 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana, Ohio, and Texas.

Ancora Retirement Plan Advisors provides portfolio management for individuals and small businesses. 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 Retirement Plan Advisors: assets under management

The assets under management (AUM) of Ancora Retirement Plan Advisors Inc. is $430.94 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ancora Retirement Plan Advisors Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Michael Koenig serves?

The firm provides services to investment companies, high net worth individuals, and corporations or other businesses. The largest group of clients of William Michael Koenig is corporations or other businesses with 123 clients and $420.92 million of assets under management. Among the 10 most similar advisory firms, Ancora Retirement Plan Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $430.94 million for 158 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 Retirement Plan Advisors doesn't advise any private funds.

Careers at Ancora Retirement Plan Advisors Inc.

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Michael Koenig has been acting as President since 1 Jan 2018. Irene Renae Walters joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frederick David Disanto	Chairman & chief executive officer	1 Nov 2006	Other	1467798
Source Companies Llc	Parent company	1 Feb 2008	75% - 100%	42-1759872
Bradley Alan Zucker	Chief financial officer	1 Jan 2012	Other	4458446
Joseph Michael Spidalieri	Chief operating officer	1 Mar 2017	Other	4419389
Irene Renae Walters	Compliance	1 Aug 2017	Other	4833663
Howard Scott Essner	General counsel	1 Jan 2018	Other	5763274
William Michael Koenig	Director	1 Jan 2018	Other	4297959
Jason P Geers	Chief compliance officer	1 Feb 2018	Other	3236753
Irene Renae Walters	Chief compliance officer	1 Oct 2018	Other	4833663

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ancora Advisors Llc	Shareholder	1 Feb 2008	75% - 100%	124674
Inc The Ancora Group	Shareholder	1 Jan 2010	75% - 100%	27-1506603
Inc. Ancora Holdings	Shareholder	1 Dec 2015	25% - 50%	81-0971177

Based in Cleveland

The principal office where Ancora Retirement Plan Advisors Inc. performs its advisory services is located at 6060 Parkland, Cleveland, OH 44124, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-593-5090 or by fax 216-593-5091. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at ancora.net/ and its LinkedIn profile.