Elite Income Advisors, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$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
Expertise
Fee options
Fixed fees up to $10,000 for broad-based financial planning services
$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 earned by licensed insurance agents affiliated with the firm for insurance product sales
Up to $500/hour for specific financial planning services
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
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
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