Eliot Rose Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 11–25 clients last fiscal year.
Eliot Rose Wealth Management reports 141 clients. They include 88 individual clients and 53 high-net-worth individuals. Of its assets, 100.0% ($186M across 400 accounts) are managed with discretion. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 22% |
| High-net-worth individuals | 38% | 78% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 88 | $40.7M | 21.8% | $462K |
| High-net-worth individuals | 53 | $146M | 78.2% | $2.75M |
| Total | 141 | $186M | 100% | $1.32M |
- Clients
- 88
- Regulatory AUM
- $40.7M
- AUM share
- 21.8%
- Avg. per client
- $462K
- Clients
- 53
- Regulatory AUM
- $146M
- AUM share
- 78.2%
- Avg. per client
- $2.75M
Total
- Clients
- 141
- Regulatory AUM
- $186M
- AUM share
- 100%
- Avg. per client
- $1.32M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Eliot Rose Wealth Management charges 0.50%–1.25% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$2M | 1.00% |
| $2M–$4M | 0.75% |
| $4M–$5M | 0.65% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a flat fee of $5,400 for the service, payable in two installments.
Jason Siperstein owns 75% or more of Eliot Rose Wealth Management. The leadership team of Eliot Rose Wealth Management includes Chief Compliance Officer Jason Siperstein. It has 4 employees, 1 of them in advisory roles.
Leadership
Jason SipersteinChief Compliance Officer, Member
Gary SipersteinManaging Member
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Eliot Rose Wealth Management, LLC
Jason Siperstein
Control person · since January 2016
- Owns 10% to 25% of Eliot Rose Wealth Management, LLC
Gary Siperstein
Control person · since April 2002
Eliot Rose Wealth Management’s regulatory assets grew 1.8× from $101M (June 2021) to $186M (February 2026); clients were 141 in both filings and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $186M | 141 | 4 | 1 |
| March 2025 | $153M | 157 | 4 | 2 |
| April 2024 | $126M | 156 | 4 | 2 |
| April 2023 | $114M | 147 | 4 | 4 |
| March 2022 | $117M | 139 | 4 | 1 |
| June 2021 | $101M | 138 | 4 | 1 |
Besides its headquarters, Eliot Rose Wealth Management has 0 offices, with 1 listed address in Rhode Island.
Rhode Island · 1 listed address
- 10 Dorance Street, Suite 700, ProvidenceHQ
Contact and registration details
- Legal name
- Eliot Rose Wealth Management, LLC
- Headquarters
- 10 Dorance Street, Suite 700, Providence, RI 02903
- Website
- eliotrose.com
- Phone
- 401-588-5102
- @eliotrosewealth
- SEC file
- 801-121354
- Structure
- Rhode Island LLC
- Fiscal year end
- December
Eliot Rose Wealth Management uses Charles Schwab ($186M) as custodian for its separately managed accounts. Eliot Rose Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $186M100%
At year end, Eliot Rose Wealth Management’s separately managed accounts were mostly in funds (76%) and stocks (17%).
What the accounts hold
- Stocks17%
- Funds76%
- Bonds3%
- Cash4%
How many clients does Eliot Rose Wealth Management have?
Eliot Rose Wealth Management has 141 clients and manages $186 million for them, as of February 2026. They include 88 individual clients and 53 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 February 2026
What services does Eliot Rose Wealth Management offer?
Eliot Rose Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Eliot Rose Wealth Management charge?
Eliot Rose Wealth Management charges 0.50%–1.25% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: PART 2A, filed 11 February 2026
Which custodians does Eliot Rose Wealth Management use?
Eliot Rose Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $186M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 February 2026
How many financial advisors does Eliot Rose Wealth Management have?
Eliot Rose Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Eliot Rose Wealth Management invest in?
At the end of its last fiscal year, Eliot Rose Wealth Management’s separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 4% cash and equivalents and 3% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Eliot Rose Wealth Management?
Eliot Rose Wealth Management’s direct owners are Gary Siperstein (10% to 25%) and Jason Siperstein (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 February 2026
How does Eliot Rose Wealth Management get paid?
Eliot Rose Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Eliot Rose Wealth Management?
Eliot Rose Wealth Management’s main office is at 10 Dorance Street, Suite 700, Providence, RI 02903. Its phone number is 401-588-5102. Its website is eliotrose.com.