Wealth manager, independent · Cleveland, OH
Ancora Private Wealth Advisors, LLC
SEC-registered investment adviser · CRD 124845 · SEC 801-61942
At a glance
Ancora Private Wealth Advisors, LLC is an SEC-registered investment adviser based in Cleveland, Ohio, with $3.9B in regulatory assets under management as of its Form ADV filed April 1, 2026. It reports 4,414 individual clients, 4,414 of them high-net-worth, holding an average of about $0.8 million each, and 53 employees. That ranks it 285th among the nation’s 5,657 independent wealth management RIAs and 16th of 226 in Ohio. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 216-825-4000ancora.netLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.9B
- Rank among independent wealth managers
- #285 of 5,657
- Rank among all SEC RIAs
- #2,447 of 17,210
- Rank in Ohio
- #16 of 226
- Individual clients
- 4,414
- High-net-worth clients
- 4,414
- Accounts
- 4,509
- Discretionary
- 97% of AUM
- Employees
- 53
- Advisory staff
- 29
- Offices
- 2
Owners and executives on its Form ADV
- Frederick D. DisantoChairman & Chief Executive Officer
- John P. MicklitschPresident
- Jason P GeersChief Compliance Officer
- John G. BartelsPresident
- Matthew M. D'AnniballeChief Financial Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Ancora Private Wealth Advisors, LLC is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Inverness Securities, LLC.
- Inverness Securities, LLC ↗CRD 129914
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, April 2026
Its Form ADV brochure (filed March 2026) names Inverness Securities as the broker-dealer its advisers are registered with.
Some employees of Ancora Private Wealth Advisors, LLC are Registered Representatives of Inverness Securities LLC, member FINRA/SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 4,414 | $3.7B | 95% |
| Corporations or other businesses | 40 | $130M | 3% |
| Pension and profit sharing plans | 27 | $46M | 1% |
| Charitable organizations | 28 | $29M | <1% |
Disciplinary disclosures
Ancora Private Wealth Advisors, LLC answers yes to 2 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗ancora.net ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,059 peers of its type and size
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- 5 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Ohio
All of Ohio →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Daymark Wealth Partners, LLCCincinnati | $5.0B | 2,060 |
| Hamilton CapitalColumbus | $4.9B | 2,744 |
| Prosperity Capital AdvisorsWestlake | $4.4B | 7,469 |
| CM Wealth Advisors LLCBeachwood | $3.6B | 204 |
| Fairway Wealth Management LLCIndependence | $3.0B | 321 |
| SJS Investment ServicesSylvania | $2.9B | 880 |
Background
Questions
How much does Ancora Private Wealth Advisors, LLC manage?
Ancora Private Wealth Advisors, LLC reports $3.9B in regulatory assets under management across 4,509 accounts, 97% of it on a discretionary basis, on its Form ADV filed April 1, 2026.
How many clients does Ancora Private Wealth Advisors, LLC have?
It reports 4,414 individual clients: 4,414 high-net-worth individuals and 0 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Ancora Private Wealth Advisors, LLC headquartered?
Its main office is in Cleveland, Ohio. It reports 2 offices in total and 53 employees, 29 of whom perform investment advisory functions.
How does Ancora Private Wealth Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Ancora Private Wealth Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed April 1, 2026, it reports these amounts held: Fidelity ($1.8B); Charles Schwab ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Ancora Private Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
Ancora Private Wealth Advisors, LLC is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Inverness Securities, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Ancora Private Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Ancora Private Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 16 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Ancora Private Wealth Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-01), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →