Joe Spidalieri

Chief Operations Officer & Chief Compliance Officer, Ancora Holdings Inc at Ancora Advisors LLC

Joe Spidalieri

Joe Spidalieri

Chief Operations Officer & Chief Compliance Officer, Ancora Holdings Inc at Ancora Advisors LLC

Biography

As Chief Operations Officer of Ancora Holdings, Joe oversees the firm’s operations for its various divisions with responsibilities including technology, trading and sales support. As Chief Compliance Officer of Ancora Holdings, Joe oversees all compliance matters for all of the firm’s subsidiaries.Joe also acts as the Chief Compliance Officer of the Ancora Trust, which oversees all compliance policies and procedures for the Ancora Family of mutual funds. Prior to taking over as Chief Compliance Officer, Joe oversaw Ancora’s day-to-day operations. Since his arrival in 2003, his responsibilities have ranged from administering the firm’s portfolio accounting system to heading up the equity trade desk. Joe previously worked at American Express in the Company's Finance and Money Management division. His responsibilities included interaction with key clients and institutional customers as well as assisting portfolio managers with customer presentations. Joe earned a Bachelor of Science degree with majors in Finance & Marketing, with a minor in Business Legal Studies, from Miami University. He holds FINRA Series 7, 24, 4, 55, & 66 licenses and the Ohio Life Health Insurance license.

Overview
RelSci Relationships

60

Number of Awards

6

Relationships
RelSci Relationships are individuals Joe Spidalieri likely has professional access to. A relationship does not necessarily indicate a personal connection.

Senior Advisor at TPH Partners LLC

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Broker Dealer Liaison at Ancora Advisors LLC

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Alternative Investments Analyst at Ancora Advisors LLC

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Associate, Marketing & Client Services at Ancora Advisors LLC

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Assistant Vice President & Alternatives Analyst at Ancora Advisors LLC

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Assistant Vice President, Investment Operations at Ancora Advisors LLC

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Professional at Ancora Advisors LLC

Relationship likelihood: Weak

Associate, Marketing & Administration at Ancora Advisors LLC

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Associate, Office Administration at Ancora Advisors LLC

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President & Partner at Ancora Inverness

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Joe Spidalieri
Chief Operations Officer & Chief Compliance Officer, Ancora Holdings Inc at Ancora Advisors LLC
Education
Bachelor of Science in Business Finance & Marketing with Minor in Business Legal Studies

Miami University is one of the oldest public universities in the country, made possible by an ordinance signed by President George Washington in 1795. Chartered in 1809, Miami welcomed its first students in 1824. Miami's reputation grew as quickly as its enrollment, and it became known as the "Yale of the West" for its ambitious liberal arts curriculum. Today, Miami consistently ranks among the nation's top public universities for the quality of teaching and overall student experience. One of Miami University's most famous graduates was Benjamin Harrison, who later became a President of the United States. Professor William Holmes McGuffey revolutionized the education of generations of Americans when he conducted research for his Eclectic Readers series while teaching at Miami from 1826 to 1836. The "mother of fraternities," Miami was the founding site of four national fraternities: Beta Theta Pi, Phi Delta Theta, Sigma Chi, and Phi Kappa Tau; as well as Delta Zeta sorority.

Career History
Chief Operations Officer & Chief Compliance Officer, Ancora Holdings Inc
Current

Ancora Advisors seeks to invest in companies that are trading at a significant discount to their liquidation or going-concern value. Certain issues may trade below tangible book value. This can occur in times of broad market pessimism or Wall Street concentration with a company’s near-term outlook. Other companies have hidden assets that are not reflected in the company’s financial statements, such as investments in private companies or understated real estate values. Ancora works to understand catalysts that will unlock the value of the target company’s assets, although Ancora may also buy based on a company being too cheap to ignore.In addition, Ancora seeks to invest in companies that are trading sufficiently below the calculation of intrinsic value based on the firm's “Normalized Return” analysis to provide potential total return of 50% or more over a 3 year time horizon. Sell decisions are based on valuation, risk and portfolio guidelines. As individual stocks approach their intrinsic value and decline in their relative attractiveness, they become candidates for sale. Other sell decisions may occur because of deterioration in the fundamentals that supported the initial investment. Automatic sales are initiated as position exposures approach diversification guidelines. Proceeds from sales are reinvested in companies that are more attractively valued based on the purchase disciplines.Ancora's fixed income strategy employs a top down approach with emphasis on sector allocation as their primary value added tool. Ancora is primarily an up-in-quality manager emphasizing higher rated corporate issues and higher classes of structured products. The firm attempts to add value in security selection by emphasizing either smaller issues or less liquid issues which tend to not trade as efficiently as do benchmarked/index eligible holdings. Ancora's research efforts in these names are internally generated and rely on various research sources including street generated research and other sources. The firm's taxable fixed income approach utilizes all the investment grade debt market sectors. The firm does not utilize non-investment grade securities in any of their managed accounts. Ancora restricts their fixed income buying to bonds rated A- or higher by one or more of the major rating agencies. Ancora Advisors is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Department
2003 - Prior
Professional
Prior

American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: U.S. Card Services (USCS); International Consumer and Network Services (ICNS); Global Commercial Services (GCS); Global Merchant Services (GMS), and Corporate and Other. The USCS segment offers a range of proprietary consumer cards and provides services to consumers in the United States, including travel services. The ICNS segment covers travel services outside the United States. The GCS segment issues corporates and small business cards, and payment and expense management services globally. The GMS segment represents payment network that processes and settles proprietary and non-proprietary card transactions. The Corporate and Other segment consists of corporates functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.

Awards & Honors
Series 24 - General Securities Principal
Series 7 - General Securities Representative
Series 66 - Uniform Investment Adviser
Other Affiliations

Joe Spidalieri is affiliated with Ancora Advisors LLC, Ancora Partners LLC, American Express Co.

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