In late 2008 and early 2009, when the equity markets suffered their worst crisis since the Great Depression, Fred DiSanto was determined that The Ancora Group Inc. would stay in constant contact with its clients during the uncertain times.
He identified the threat of a downturn early and made selective fiscal cutbacks while staying committed to retaining his staff. Even during the market downturn, between the end of 2007 and 2009, discretionary assets under management grew.
Through his leadership, the firm has implemented a holistic, diverse product offering that serves as the foundation for the firm. As he has added new lines of business, the focus has stayed on the clients. In 2008, he added insurance and 401(k) products to the company’s traditional money management services because he recognized that high-net-worth clients and business owners needed a trustworthy source for these products. This holistic approach is what differentiates Ancora from other money management firms.
DiSanto’s goal over the next four years is to double the company’s revenue, and he’s implementing this growth plan with the corporate infrastructure that he has. The firm will continue to reinvest in the business as it has since its founding by forgoing profits for capital expenditure purposes and integrating talented staff. He plans to monitor both top- and bottom-line growth by tracking key metrics, as doing this will generate shareholder value.
DiSanto’s leadership goes beyond just running the business. He also serves as the chairman of the Greater Cleveland Sports Commission and on the board of directors of Boys Hope Girls Hope of Northeast Ohio and John Carroll University. He has also served as chairman of the board of regents at St. Ignatius High School and has contributed to many nonprofit initiatives, including a local hospital’s building fund and an outreach program for those facing cancer.
How to reach: The Ancora Group Inc., (216) 825-4000 or www.ancora.net