{"url":"https://nivawealth.com/firms/elite-income-advisors-285429","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285429","regulatoryAum":213383359,"crd":"285429","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6836982","suffix":null,"lastName":"DeFeo","firstName":"Jonathon","middleName":"Louis"},{"crd":"7863324","suffix":null,"lastName":"DiPeso","firstName":"Daniel","middleName":"Warren"},{"crd":"4858786","suffix":null,"lastName":"INNERBICHLER","firstName":"NICHOLAS","middleName":"DANIEL"},{"crd":"7751427","suffix":null,"lastName":"MUNN","firstName":"KONNER","middleName":"KOBIE"},{"crd":"6122231","suffix":null,"lastName":"SABAPATHI","firstName":"PRASHANT","middleName":"RAMESH"},{"crd":"7843332","suffix":null,"lastName":"Wilson","firstName":"Connor","middleName":"David Chan"}],"total":6,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-04-28","regulatoryAum":150103195,"clients":581,"employees":9,"offices":2},{"filedOn":"2026-03-27","regulatoryAum":213383359,"clients":662,"employees":7,"offices":2}],"secFileNumber":"801-132873","legalName":"Elite Income Advisors, Inc.","displayName":"Elite Income Advisors","slug":"elite-income-advisors-285429","website":"https://eliteincomeadvisors.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/elite-income-advisors","founded":null,"organization":"Maryland corporation","fiscalYearEnd":"December","headquarters":{"street":"6011 University Boulevard, Suite # 350","city":"Ellicott City","state":"MD","stateName":"Maryland","country":"United States","postalCode":"21043"},"tradeNames":[],"registration":{"secApproved":"29 May 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":324748.0197869102,"staff":{"employees":7,"advisory":6,"brokerDealerReps":0,"insuranceAgents":7,"promoters":0},"aum":{"regulatory":213383359,"discretionary":213383359,"discretionaryAccounts":657,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":467,"regulatoryAum":85610771},{"label":"High-net-worth individuals","clients":190,"regulatoryAum":127748678},{"label":"Pension and profit-sharing plans","clients":4,"fewerThan5":true,"regulatoryAum":0},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":23910}],"feePrograms":[{"role":"main","program":"Portfolio Management","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":2,"from":0},{"to":1000000,"pct":1.9,"from":500000},{"to":2000000,"pct":1.8,"from":1000000},{"to":null,"pct":1.7,"from":2000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028588","versionId":1028588,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-27","documentName":"ADV PART 2A","fee_rate_low":1.7,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Broad-based financial planning is a fixed fee of up to $10,000; specific services are charged hourly at up to $500.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028588","versionId":1028588,"submittedOn":"2026-03-27","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:35:52.214641+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028588","versionId":1028588,"submittedOn":"2026-03-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":213307966}],"custodyNote":"Elite Income Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Ozer Culhagil","title":"President","crd":"5600626"},{"name":"Prashant Sabapathi","title":"Chief Compliance Officer","crd":"6122231"}],"ownership":[{"label":"Ozer Culhagil","detail":"President in the 75% or more ownership band and a control person, since March 2017."},{"label":"Prashant Sabapathi","detail":"Chief compliance officer in the 10% to 25% ownership band and a control person, since March 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Maryland","offices":2,"addresses":[{"street":"6011 University Boulevard, Suite # 350","city":"Ellicott City","headquarters":true},{"street":"900 Bestgate RD","city":"Annapolis"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"443-274-3002","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":83},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285429/PDF/285429.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028588","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Elite Income Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Elite Income Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Elite Income Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Elite Income Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Elite Income Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Elite Income Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Elite Income Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Elite Income Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Elite Income Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}