Elite Income Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Elite Income Advisors reports 662 clients. They include 467 individual clients, 190 high-net-worth individuals, and 4 pension and profit-sharing plans. Of its assets, 100.0% ($213M across 657 accounts) are managed with discretion. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 40% |
| High-net-worth individuals | 29% | 60% |
| Pension and profit-sharing plans | <1% | 0% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 467 | $85.6M | 40.1% | $183K |
| High-net-worth individuals | 190 | $128M | 59.9% | $672K |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | $0 |
| Charitable organizations | Fewer than 5 | $23.9K | 0.0% | $23.9K |
| Total | 662 | $213M | 100% | — |
- Clients
- 467
- Regulatory AUM
- $85.6M
- AUM share
- 40.1%
- Avg. per client
- $183K
- Clients
- 190
- Regulatory AUM
- $128M
- AUM share
- 59.9%
- Avg. per client
- $672K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- Fewer than 5
- Regulatory AUM
- $23.9K
- AUM share
- 0.0%
- Avg. per client
- $23.9K
Total
- Clients
- 662
- Regulatory AUM
- $213M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Elite Income Advisors charges 1.70%–2.00% a year for its Portfolio Management. 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 | 2.00% |
| $500K–$1M | 1.90% |
| $1M–$2M | 1.80% |
| $2M and above | 1.70% |
Fee details and sources
Other fees
- Financial Planning
- Broad-based financial planning is a fixed fee of up to $10,000; specific services are charged hourly at up to $500.
Ozer Culhagil owns 75% or more of Elite Income Advisors. The leadership team of Elite Income Advisors includes President Ozer Culhagil and Chief Compliance Officer Prashant Sabapathi. It has 7 employees, 6 of them in advisory roles.
Leadership
- Ozer CulhagilPresident
- Prashant SabapathiChief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 6 in advisory functions
- 6 state-registered reps
- 7 insurance agents
- Owns 75% or more of Elite Income Advisors, Inc.
Ozer Culhagil
Control person · since March 2017
- Owns 10% to 25% of Elite Income Advisors, Inc.
Prashant Sabapathi
Control person · since March 2017
Elite Income Advisors’ regulatory assets grew from $150M (April 2025) to $213M (March 2026); clients rose from 581 to 662 and employees fell from 9 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $213M | 662 | 7 | 2 |
| April 2025 | $150M | 581 | 9 | 2 |
Besides its headquarters, Elite Income Advisors has 1 office, with 2 listed addresses in Maryland.
Maryland · 2 listed addresses
- 6011 University Boulevard, Suite # 350, Ellicott CityHQ
- 900 Bestgate RD, Annapolis
Contact and registration details
- Legal name
- Elite Income Advisors, Inc.
- Headquarters
- 6011 University Boulevard, Suite # 350, Ellicott City, MD 21043
- Website
- eliteincomeadvisors.com
- Phone
- 443-274-3002
- @elite-income-advisors
- SEC file
- 801-132873
- Structure
- Maryland corporation
- Fiscal year end
- December
Elite Income Advisors uses Charles Schwab ($213M) as custodian for its separately managed accounts. Elite Income Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $213M100%
At year end, Elite Income Advisors’ separately managed accounts were mostly in funds (83%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds83%
- Cash7%
How many clients does Elite Income Advisors have?
Elite Income Advisors has 662 clients and manages $213 million for them, as of March 2026. They include 467 individual clients, 190 high-net-worth individuals, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Elite Income Advisors offer?
Elite Income Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Elite Income Advisors charge?
Elite Income Advisors charges 1.70%–2.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A, filed 27 March 2026
Which custodians does Elite Income Advisors use?
Elite Income Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $213M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Elite Income Advisors have?
Elite Income Advisors has 6 investment adviser representatives registered with state securities authorities, out of 7 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 employees are 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 Elite Income Advisors invest in?
At the end of its last fiscal year, Elite Income Advisors’ separately managed accounts held 83% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities and 7% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Elite Income Advisors?
Elite Income Advisors’ direct owners are Ozer Culhagil (75% or more) and Prashant Sabapathi (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Elite Income Advisors get paid?
Elite Income Advisors is paid through hourly charges, fixed fees and other compensation. 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 Elite Income Advisors?
Elite Income Advisors’ main office is at 6011 University Boulevard, Suite # 350, Ellicott City, MD 21043. Its phone number is 443-274-3002. Its website is eliteincomeadvisors.com.