David Sowerby is a CFA-designated registered investment advisor at Ancora Advisors LLC, based in Mayfield Heights, OH, with 27 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 313 clients with $4.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ancora Advisors charges a percentage of the assets they manage for investment management services. The specific percentage depends on the type of investment strategy used and the amount of assets managed.
Equity Managed Strategies
- Under $10 million: 1.00%
- $10 million to $20 million: 0.90%
- $20 million to $50 million: 0.80%
- Over $50 million: 0.70%
Fixed Income Managed Strategies
- On the first $1 million: 0.75%
- On the next $2 million: 0.50%
- On the next $2 million: 0.40%
- On the next $5 million: 0.30%
- On the next $10 million: 0.20%
- Over $20 million: Negotiable
Managed Allocation Strategies
- On the first $1 million: 1.00%
- On the next $2 million: 0.70%
- On the next $2 million: 0.60%
- On the next $5 million: 0.50%
- On the next $10 million: 0.40%
- Over $20 million: Negotiable
Fees are calculated on a progressive basis. Advisory fees are negotiable in certain instances. Ancora may reduce or waive its fees for organizations qualifying under 501C(3) of the IRS Code.
Location
6060 Parkland Boulevard, Suite 200, Mayfield Heights, OH, 44124
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Ancora Advisors LLC
Ancora Private Wealth Advisors, LLC
Inverness Securities, LLC
Inverness Securities, LLCBroker
Previous Registrations
Loomis, Sayles & Company, L.P.
Loomis Sayles Distributors, L.P.Broker
Natixis Distributors, L.P.Broker
Loomis Sayles Distributors, L.P.Broker
Beacon Investment CompanyBroker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.