# Ancora Alternatives LLC

> Ancora Alternatives LLC is an SEC-registered investment advisory firm in Cleveland, OH, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 311902
- Filed as: ANCORA ALTERNATIVES LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cleveland, OH
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311902
- AdvisorCensus page: https://advisorcensus.com/firm/ancora-alternatives-llc-cleveland-oh-311902

## Quick answers

**How is Ancora Alternatives LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Ancora Alternatives LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is Ancora Alternatives LLC located?**
Ancora Alternatives LLC's principal office is in Cleveland, OH, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Ancora Alternatives LLC registered with the SEC or a state?**
Ancora Alternatives LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311902.

**How much does Ancora Alternatives LLC manage?**
Ancora Alternatives LLC reports $1,131,830,017 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Ancora Alternatives LLC's assets and staff changed since 2021?**
In the Form ADV data for Ancora Alternatives LLC: Regulatory assets under management: $669,911,390 in the October 2021 data and $1,131,830,017 in the October 2026 data, up 69%. Total employees: 47 in October 2021 and 54 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ancora Alternatives LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); corporations or other businesses not listed above (1).

**Does Ancora Alternatives LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311902

**Does Ancora Alternatives LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally, a client account must be a minimum of $1 million, unless Fund documents state otherwise or unless related to other accounts which together total $1 million." "Ancora reserves the right to waive this minimum at its discretion."

**What changed in Ancora Alternatives LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists an office in Naples, FL. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Generally, a client account must be a minimum of $1 million, unless Fund documents state otherwise or unless related to other accounts which together total $1 million.

> Ancora reserves the right to waive this minimum at its discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,131,830,017
- Discretionary: $1,131,830,017
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $1,059,200,019 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 1 | $72,629,998 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2021 (5 years)
- Employees: 54 total, 31 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, OH
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311902

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bloomfield Hills, MI

### Websites listed on Form ADV (Item 1.I)
- ancora.net
- focusfinancialpartners.com
- invernesswealth.com
- LinkedIn @2064318
- LinkedIn @ancora-holdings
- X @ancoraadvisors
- X @focusfinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $669,911,390 | 47 | January 13, 2021 |
| October 2022 | $1,195,775,661 | 57 | April 28, 2022 |
| October 2023 | $1,262,294,063 | 60 | September 25, 2023 |
| October 2024 | $1,316,573,361 | 59 | March 28, 2024 |
| October 2025 | $1,048,157,204 | 54 | March 21, 2025 |
| October 2026 | $1,131,830,017 | 54 | March 31, 2026 |

Regulatory assets under management: $669,911,390 in the October 2021 data and $1,131,830,017 in the October 2026 data, up 69%.
Total employees: 47 in October 2021 and 54 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists an office in Naples, FL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ancora Alternatives LLC (CRD 311902): Form ADV filing data as of October 2026.