Elite Financial, Inc
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Overview
Elite Financial, Inc is a financial advisory firm that has its headquarters in Lewiston, Idaho. Elite Financial, Inc has $156.3 million in assets under management over 987 client accounts, making it a mid-tier financial advisory firm in the United States by assets under management (AUM). The firm has a small group, including 1 financial advisor. Elite Financial, Inc does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, stocks and bonds.
Elite Financial, Inc administers all of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions for the client's account without requiring the customer's consent. The company's average account size is $158,362. An average financial advisor at Elite Financial, Inc administers around 987 client accounts.
The firm's central office is located at 739 Bryden, Lewiston, Idaho 83501. It is legally registered to provide services to clients across 4 states, including California, Idaho, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Elite Financial, Inc by the Numbers
$156.3 million
1
987
$158.4 thousand
Products and Services
Elite Financial, Inc provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the last financial year, Elite Financial, Inc provided 1-10 of its clients with financial planning services. Elite Financial, Inc does sell products or offer services different than investment advisory services to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees are based on which services the firm provides the client. Fee types charged by the company most likely consist of some combination of the following fee structures: asset-based or hourly. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors and high net worth investors. Out of its 987 accounts, Elite Financial, Inc's largest client by number of accounts is retail investors, although it also caters to 31 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 7.65%
- Other Individuals - 92.35%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Elite Financial, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Elite Financial, Inc
Lewiston, ID
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