AdvisorCensus / Financial advisors / Nevada / Reno / Universal Value Advisors
Universal Value Advisors
Filed as UNIVERSAL VALUE ADVISORS · Legal name Ancora West Advisors, LLC
Universal Value Advisors is an SEC-registered investment advisory firm in Reno, NV, registered since 2017, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Universal Value Advisors compensated?
On its Form ADV (Item 5.E, October 2026), Universal Value Advisors reports these compensation arrangements: a percentage of assets under its management.
Where is Universal Value Advisors located?
Universal Value Advisors' principal office is in Reno, NV, according to its Form ADV.
Is Universal Value Advisors registered with the SEC or a state?
Universal Value Advisors is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285644.
How much does Universal Value Advisors manage?
Universal Value Advisors reports $51,944,991 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Universal Value Advisors' assets and staff changed since 2021?
In the Form ADV data for Universal Value Advisors: Regulatory assets under management: $77,813,837 in the October 2021 data and $51,944,991 in the October 2026 data, down 33%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Universal Value Advisors serve?
By number of clients on Form ADV Item 5.D: investment companies (1).
Does Universal Value Advisors report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285644
Does Universal Value Advisors state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "There are no account minimums."
What changed in Universal Value Advisors' recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $45,400,000 to $51,944,991 (+14%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
There are no account minimums.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$51,944,991 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Ancora West Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 5. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $51,944,991 | 5 | March 30, 2026 |
| October 2025 | $45,400,000 | 3 | March 5, 2025 |
| October 2024 | $45,141,673 | 3 | March 14, 2024 |
| October 2023 | $84,560,736 | 3 | March 27, 2023 |
| October 2022 | $88,999,828 | 3 | March 8, 2022 |
| October 2021 | $77,813,837 | 3 | March 31, 2021 |
Regulatory assets under management: $77,813,837 in the October 2021 data and $51,944,991 in the October 2026 data, down 33%.
Total employees: 3 in October 2021 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $45,400,000 to $51,944,991 (+14%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Universal Value Advisors (CRD 285644): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/universal-value-advisors-reno-nv-285644