Elite Wealth Management

Elite Wealth Management provides fee-only, discretionary investment portfolio management and on-request financial planning to individuals, high-net-worth clients, families, trusts, and retirement plan participants. The firm generally applies a percentage-of-assets fee schedule and typically requires a $100,000 household minimum, which may be reduced or waived on a case-by-case basis.

Portfolios are built from a client-completed Risk Profile and typically use broad diversification across asset classes, with target allocations, periodic rebalancing, and the use of ETFs, mutual funds, and individual securities; the firm cites use of tools such as Kwanti for portfolio analysis. Where suitable for a client’s risk tolerance and time horizon, the firm also employs a concentrated, active/tactical stock model that seeks long‑term appreciation with up to ten positions and may be undiversified and tax‑inefficient.

A distinctive disclosure in the brochure is the firm’s use of borrowing in separately managed accounts, a practice that is uncommon among similar independent advisers and may interact with its tactical strategies. The firm is a solo, fee‑only adviser managing roughly $80 million for about 74 clients, operates under discretionary authority via limited powers of attorney, deducts fees directly from custodian accounts (constructive custody), and does not vote client proxies.