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Elite Income Advisors, Inc.

Updated today

Client AUM

$213,359,449

Clients

657

Advisors

6

of 7 employees

About

Elite Income Advisors serves individual investors (including high‑net‑worth clients), pension and profit‑sharing plans, trusts, estates, and other entities by providing comprehensive financial planning, discretionary portfolio management, retirement‑plan consulting, and recommendations for third‑party managers and model portfolios. The firm also advises on rollovers and implements investment and insurance strategies when clients choose to proceed with recommended solutions.

The firm implements client asset allocation and rebalancing using model portfolios provided by a sub‑adviser (Foundations Investment Advisors LLC) and other third‑party model providers, and conducts annual reviews and ongoing oversight to align portfolios with clients’ objectives and risk tolerance. For retirement plan clients, EIA supplements investment advice with participant education and employee communications under ERISA 404(c), and discloses offering client workshops and educational events—an activity less common among similarly sized teams.

Distinctive features disclosed in the brochure include affiliated insurance brokerages whose agents may sell commissionable insurance and annuity products alongside advisory services, fee‑sharing and referral arrangements with TPMs and vendors, and acceptance of custodial/vendor benefits; these arrangements are identified as potential conflicts of interest and are described in the firm’s disclosures. The firm also discloses use of AI tools for meeting recording and transcription (with an opt‑out option) and recent amendments addressing political and AI‑related risks in its investment‑risk disclosures.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis

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Fee options

Fixed

Fixed fees up to $10,000 for broad-based financial planning services

Percentage

$0 - $500,000: 2.00% $500,001 - $1,000,000: 1.90% $1,000,001 - $2,000,000: 1.80% $2,000,001+: 1.70%

Commissions

Commissions earned by licensed insurance agents affiliated with the firm for insurance product sales

Project-based

Up to $500/hour for specific financial planning services

Other

Minimum fee: $50 annual administrative and technology fee (ATF) for non-managed accounts Fee-only: Financial planning fees: fixed fees up to $10,000 and hourly fees up to $500/hour

Main office

6011 University Boulevard, Suite # 350

Ellicott City MD 21043

Advisors at this office

6

Most active in

Delaware · Florida · Maryland · North Carolina · Pennsylvania · South Carolina · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Connor W

Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Connor Wilson is a financial advisor at Elite Income Advisors, Inc. in Ellicott City, MD, holding a Series 65 designation with two years of industry experience. Prior to joining Elite Income Advisors, he worked in various roles including at CVS Pharmacy and York College of Pennsylvania. He is also an independent insurance agent based in Ellicott City. Elite Income Advisors serves a diverse client base including high-net-worth individuals, retirement plans, trusts, and charitable organizations. The firm provides financial planning, discretionary portfolio management, and pension consulting, utilizing model portfolios and third-party managers while emphasizing participant education and employee communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Nicholas I

Series 63, Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Nicholas Innerbichler is a financial advisor at Elite Income Advisors, Inc. with 21 years of industry experience. He holds the Series 63 and Series 66 designations and has worked at firms including Horter Investment Management and Cambridge Investment Research. In addition to his role at Elite Income Advisors, he is involved with Retirement Planning Services, where he provides client service and investment advice relating to advisory accounts and insurance. Elite Income Advisors serves individual investors, pension and profit-sharing plans, trusts, and estates by offering comprehensive financial planning, discretionary portfolio management, and retirement-plan consulting. The firm utilizes model portfolios from sub-advisers and third-party providers while providing ongoing portfolio oversight and client education.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Jonathon D

CFP®, Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Jonathon De Feo is a CFP® with nine years of experience in financial services. He currently works at Elite Income Advisors, Inc. and previously held roles at LPL Financial LLC, Compton Financial Group, Bank of America, and Merrill Lynch. Outside of his advisory work, he is involved in insurance sales through Retirement Planning Services, Inc. Elite Income Advisors serves individual investors, pension and profit-sharing plans, trusts, and estates by providing comprehensive financial planning, discretionary portfolio management, and retirement-plan consulting. The firm utilizes model portfolios from third-party providers and offers client education and workshops for retirement plan participants.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Prashant S

Series 63, Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Prashant Sabapathi is a financial advisor with Elite Income Advisors, Inc. in Ellicott City, MD, holding Series 63 and Series 65 licenses and having 12 years of industry experience. He has worked at Elite Income Advisors since 2017 and previously held roles at Investment Advisors Corp and Broker Dealer Financial Services Corp. Sabapathi is also involved in insurance sales and service through Retirement Planning Services, Inc. Elite Income Advisors serves individual clients—including high-net-worth households—retirement plans, trusts, estates, charitable organizations, and businesses. The firm offers broad financial planning, discretionary portfolio management using model portfolios and sub-advisers, and emphasizes participant education and communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Konner M

Series 63, Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Konner Munn is a financial advisor at Elite Income Advisors, Inc. in Ellicott City, MD, holding Series 63 and Series 65 designations with two years of industry experience. His prior roles include positions at Fidelity Investments and Fidelity Brokerage Services, LLC. He has also been involved with The Black Dog Tavern Company, LLC and Kountry Kitchen. Elite Income Advisors serves individual investors, pension and profit-sharing plans, trusts, estates, and other entities by providing comprehensive financial planning, discretionary portfolio management, retirement-plan consulting, and recommendations for third-party managers and model portfolios. The firm uses model portfolios from sub-advisers and other providers, conducts annual reviews, and offers participant education and employee communications for retirement plan clients.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Daniel D

CFP®, Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Daniel Di Peso is a CFP® with two years of industry experience, currently serving as an advisor at Elite Income Advisors, Inc. He previously worked at Capital Portfolio Management Inc. and has experience outside the financial industry at Stanley Black and Decker. Di Peso is also involved in insurance sales and service through Retirement Planning Services, Inc. Elite Income Advisors serves individual investors, pension and profit-sharing plans, trusts, and other entities by offering comprehensive financial planning, discretionary portfolio management, and retirement-plan consulting. The firm uses model portfolios from sub-advisers and other providers and provides client education and workshops as part of its retirement plan services.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
View complete list of advisors at this firm
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