Ancora Private Wealth Advisors LLC

Fees and Compensation

Management fees are based on the value of assets managed and fees are calculated as a percentage of
assets under management. Ancora Private Wealth Advisors, LLC reserves the right to waive or discount
fees and minimums in certain instances.

Ancora may receive performance-based fees for certain specialized accounts. Please see the “Sharing of
Capital Gains or Capital Appreciation” section of this document for more details.

Portfolio Management

Fees are based upon the client's total relationship with Ancora. Holdings of mutual funds and investment
partnerships where Ancora acts as the investment manager, to the fund itself, are excluded from client’s
Ancora Private Wealth Advisors, LLC’s separately managed account’s (SMA) quarterly billing values. The
billing schedule will be included as part of your management agreement. Our firm may charge a minimum
annual fee for our services dependent on the scope of the relationship. The minimum may be waived or
reduced at the Firm’s discretion. This current fee schedule set forth below is for asset management
purposes. These fees do not include Wealth Planning or Consulting Services, which are charged based on
the scope of the engagement. Sub-Advised strategies, for example direct indexing, are provided by the
sub-advisers for an additional fee. These fees are separate and distinct from the Ancora investment
advisory fees.

                   Assets Under Management                                    Annual Advisory Fee

                           Up to 3 million                                            1.00%

                        3 million to 7 million                                        0.75%

                       7 million to 15 million                                        0.50%

                       15 million to 25 million                                       0.45%

                       25 million to 50 million                                       0.35%

                      50 million to 100 million                                       0.30%

                          Over 100 million                                          Negotiated

The above fees are progressive and are for the management of a client’s portfolio. For example, if a Client’s
account is $7 million in value, the quarterly fee is calculated by totaling ($3 million * .01) + ($4 million *
.0075), then taking the total sum and dividing by 4 to arrive at the total quarterly fee due.

Life Planning & Wealth Advisory Services

Ancora Private Wealth Advisors, LLC may charge a flat fee or a percentage of assets for Lifetime and
Wealth Advisory Services based on the scope of the engagement, the depth of issues covered, time
involved in preparation of the plan document(s) and the term of the engagement (i.e., one time plan versus
continually evolving plan). The fees will be transparent, outlined, and agreed to prior to commencement of
the engagement. Fees are billed quarterly in advance.

Corporate Retirement Planning

                  Assets Under Management                                   Max Annual Advisory Fee

                         Up to $500,000                                        1.00% of Plan Assets

                     $500,000 to $999,999                                      0.75% of Plan Assets

                   $1,000,000 to $3,000,000                                    0.50% of Plan Assets

                   $3,000,000 to $7,000,000                                    0.25% of Plan Assets

                        Over $7,000,000                                              Negotiable

The fee-paying arrangements for pension consulting service will be determined on a case-by-case basis
and will be detailed in the signed agreement. Client(s) will be invoiced directly for the above fees.

Other Services

We offer clients the option of obtaining certain financial solutions from unaffiliated third-party financial
institutions through UPTIQ Treasury & Credit Solutions, LLC (together with UPTIQ, Inc. and its affiliates,
“UPTIQ”). Focus Financial Partners, LLC (“Focus”) is a minority investor in UPTIQ, Inc. UPTIQ is
compensated by sharing in the revenue earned by such third-party financial institutions for serving our
clients. The revenue paid to UPTIQ also benefits UPTIQ Inc.’s investors, including Focus, our parent
company. When legally permissible, UPTIQ also shares a portion of this earned revenue with our affiliate,
Focus Solutions Holdings, LLC (“FSH”). For securities-backed lines of credit (“SBLOCs”) made to our
clients, UPTIQ will share with FSH up to 75% of all revenue it receives from such third-party financial
institutions. For other loans (except residential mortgage loans) made to our clients, UPTIQ will share with
FSH up to 25% of all revenue it receives from such third-party financial institutions. For cash management
products and services provided to our clients, UPTIQ will share with FSH up to 33% of all revenue it receives
from the third-party financial institutions and other intermediaries that provide administrative and settlement
services in connection with this program. Although the amount of these revenue-sharing payments to FSH
is not charged directly in the calculation of the interest rate paid by clients on credit solutions facilitated by
UPTIQ or the yield earned by clients on cash management solutions facilitated by UPTIQ, the compensation
earned by UPTIQ is an expense of the third-party financial institutions that informs the interest rate paid by
clients on credit solutions and the yield earned by clients on cash management solutions. FSH distributes
this revenue to us when we are licensed to receive such revenue (or when no such license is required) and
the distribution is not otherwise legally prohibited. Further information on this conflict of interest is available
in Item 10 of this Brochure. We help our clients obtain certain insurance solutions by introducing clients to
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Types of Clients
Description

Ancora Private Wealth Advisors, LLC specializes in customized portfolio management for individual
investors, high net worth individuals and families, and pension, profit sharing and 401(k) plans.

Account Minimums

Generally, a client account must be a minimum of $750,000 unless related to other accounts which together
total $750,000. Our firm may charge a minimum annual fee for our services dependent on the scope of the
relationship. The minimum may be waived or reduced at the Firm’s discretion.

Methods of Analysis, Investment
Strategies and Risk of Loss