David Sowerby is a CFA-designated registered investment advisor at Ancora Advisors LLC, based in Bloomfield Hills, MI, with 27 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 307 clients with $4.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.75% |
| $3.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10.0M - $20.0M | 0.40% |
| $20M+ | 0.40% |
Schedule reflects the Managed Allocation Strategies tier rates. Equity strategies start at 1.00% for under $10M and scale down to 0.70% for over $50M. Fixed income strategies start at 0.75% for the first $1M and scale down to 0.20% for the next $10M. Fees are negotiable for larger accounts.
Fee Estimator
Location
40701 Woodward Ave, Suite 250, Bloomfield Hills, MI, 48304
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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.
Exams
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