# Universal Value Advisors

> 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.

- CRD: 285644
- Filed as: UNIVERSAL VALUE ADVISORS
- Legal name: Ancora West Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Reno, NV
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285644
- AdvisorCensus page: https://advisorcensus.com/firm/universal-value-advisors-reno-nv-285644

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: None

> There are no account minimums.

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

### Regulatory assets under management (Item 5.F)
- Total: $51,944,991
- Discretionary: $51,944,991
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $51,944,991 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- universalvalueadvisors.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $77,813,837 | 3 | March 31, 2021 |
| October 2022 | $88,999,828 | 3 | March 8, 2022 |
| October 2023 | $84,560,736 | 3 | March 27, 2023 |
| October 2024 | $45,141,673 | 3 | March 14, 2024 |
| October 2025 | $45,400,000 | 3 | March 5, 2025 |
| October 2026 | $51,944,991 | 5 | March 30, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Universal Value Advisors (CRD 285644): Form ADV filing data as of October 2026.