Ancora West Advisors, LLC (Reno)

Name: Ancora West Advisors, LLC
Address: 1 East Liberty Street, Suite 406, Reno, NV, 89501
Telephone: 775-284-7778

Ancora West Advisors, LLC is an investment adviser to an investment company based in Reno. It manages $42.09 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Nevada.

Ancora West Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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 West Advisors: assets under management

The assets under management (AUM) of Ancora West Advisors, LLC is $42.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $42.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.09 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ancora West Advisors, LLC for their services and products based on a percentage of assets under management. 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 Ancora West Advisors serves?

The only and largest group of clients of Ancora West Advisors is investment companies with 1 clients and $42.09 million of assets under management. Among the 2 most similar advisory firms, Ancora West Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $42.09 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Ancora West Advisors doesn't advise any private funds.

Careers at Ancora West Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Anthony Barone	Chief compliance officer, managing member	1 Oct 2005	25% - 50%	3120814
Llc Barone Liquidity Investments	Member	1 Oct 2005	25% - 50%	88-0467035
Robert Nicholas Barone	Managing member	1 Oct 2005	Other	837563
Inc. Ancora Capital	Member	1 Oct 2005	Other	30-0002222
Ancora Partners Llc	Member	1 Oct 2005	Other	20-3969910
Avarizia Capital Llc	Shareholder	1 Jan 2012	Other	45-0506500
Avarizia Capital Llc	Shareholder	1 Jan 2013	Other	45-0506500
Barone Family Trust	Shareholder	1 Jan 2013	Other	45-0506500

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Nicholas Barone	Managing member	1 Jun 1999	Other	837563
Richard Anthony Barone	Chairman of board	1 Jul 2002	75% - 100%	13213
Richard Anthony Barone	Managing member	1 Dec 2005	50% - 75%	13213
Robert Nicholas Barone	Managing member	1 Jan 2013	50% - 75%	837563
Marie Barone Diane	Member	1 Jan 2013	50% - 75%	6140435

Based in Reno

The principal office where Ancora West Advisors, LLC performs its advisory services is located at 1 East Liberty Street, Suite 406, Reno, NV 89501, 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 775-284-7778 or by fax 775-284-7779. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at universalvalueadvisors.com/.