RR
Firm Information
Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
13 advisors
Number of Clients
4,083 clients
Average Client Portfolio
$787K average
Assets Under Management
$3.2B
Fee Structure
Minimum Investment:$750K
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10.0M - $25.0M | 0.70% |
| $25.0M - $50.0M | 0.60% |
| $50.0M - $100.0M | 0.50% |
| $100M+ | 0.50% |
Fees negotiable for accounts over $100 million.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
Fees are based on a percentage of assets under management. For portfolio management, fees are tiered, decreasing as assets increase. Life Planning & Wealth Advisory Services are charged a flat fee or a percentage of assets based on the scope of the engagement. Corporate Retirement Planning fees are also tiered. Fees may be negotiable for accounts over $100 million. Sub-advised strategies have additional fees.
Areas of Practice
Investment ManagementRetirement PlanningHigh Net Worth
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Advisor Information
Office location
6060 Parkland Blvd, Suite 200, Cleveland, OH, 44124
Get directionsRegulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
February 2002Settled
Other Business Activities
Richard works as a Wealth Advisor/Portfolio Manager at Ancora Family Wealth Advisors since 2003. This investment-related activity takes the majority of Richard's time.
Employment History
Current Registrations
Inverness Securities, LLCBroker
April 2004 - Present · 21 yrs 9 mos
Ancora Private Wealth Advisors, LLC
February 2003 - Present · 22 yrs 11 mos
Previous Registrations
Ancora Securities, INC.Broker
January 2003 - April 2004 · 1 yr 3 mos
Wachovia Securities, INC.
January 2002 - December 2002 · 11 mos
Wachovia Securities, INC. Broker
September 1990 - December 2002 · 12 yrs 3 mos
Prescott, Ball & Turben, INC.Broker
January 1989 - September 1990 · 1 yr 8 mos
Alex. Brown & Sons IncorporatedBroker
November 1986 - January 1989 · 2 yrs 2 mos
State Registrations10 states
AZCTFLIDMANJNYOHPAWA
AdvisorBrokerBoth
Exams
No exam information available for this advisor.