Elite Asset Management, LLC

Elite Asset Management is a state-registered, independent adviser that serves individual clients, providing portfolio management on both discretionary and non‑discretionary bases and including financial planning as part of its advisory services. The firm manages approximately $4.5 million across about two dozen client accounts and does not impose a minimum account size.

Investment advice is delivered through model portfolios categorized as Strategic (long‑term, passive allocation with periodic rebalancing) and Tactical (active adjustments that may produce more concentrated positions), and the firm uses fundamental and technical analysis alongside Modern Portfolio Theory. Financial planning is included in the asset-based fee but is provided as analysis and discussion rather than a standalone written plan, and planning‑only engagements are not accepted.

Distinctive features disclosed in the brochure include an affiliated tax and accounting practice under common ownership, with the tax business occupying the majority of the principal’s professional time and a reduced management fee available to clients who also engage the tax practice — a relationship the firm discloses as a conflict of interest. The firm also notes that, despite a prior filing on a wrap‑fee appendix, it does not sponsor or participate in wrap‑fee programs and clients pay transaction and custodial charges separately; it delivers an itemized advisory fee statement for each account and billing period.