Elite Life Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 26–50 clients last fiscal year.
Elite Life Management reports 91 clients. They include 71 individual clients, 15 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 98.9% ($145M across 272 accounts) are managed with discretion; $1.54M across 7 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 78% | 11% |
| High-net-worth individuals | 16% | 88% |
| Corporations and other businesses | 5% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 71 | $16.9M | 11.5% | $238K |
| High-net-worth individuals | 15 | $130M | 88.2% | $8.65M |
| Corporations and other businesses | 5 | $423K | 0.3% | $84.6K |
| Total | 91 | $147M | 100% | $1.62M |
- Clients
- 71
- Regulatory AUM
- $16.9M
- AUM share
- 11.5%
- Avg. per client
- $238K
- Clients
- 15
- Regulatory AUM
- $130M
- AUM share
- 88.2%
- Avg. per client
- $8.65M
- Clients
- 5
- Regulatory AUM
- $423K
- AUM share
- 0.3%
- Avg. per client
- $84.6K
Total
- Clients
- 91
- Regulatory AUM
- $147M
- AUM share
- 100%
- Avg. per client
- $1.62M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Elite Life Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
HBK Sorce Financial LLC owns 75% or more of Elite Life Management and is in turn owned by HBK Sorce Holdings LLC (75% or more). Christopher Allegretti is CEO; the leadership team includes Chief Operating Officer Scott Cross and Chief Compliance Officer Michael Wassmann. It has 4 employees.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 75% or more of Elite Life Management LLC
HBK Sorce Financial LLC
Control person · since April 2022
- Owns 75% or more of HBK Sorce Financial LLC
HBK Sorce Holdings LLC
since March 2001
- Owns 50% to 75% of HBK Sorce Holdings LLC
Hill, Barth, & King Financial Holdings LLC
since January 2009
Elite Life Management’s regulatory assets grew 4.5× from $32.8M (January 2023) to $147M (November 2025); clients rose from 32 to 91 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Nov 2025November 2025 | $147M | 91 | 4 | 2 |
| Jul 2025July 2025 | $128M | 74 | 4 | 2 |
| Jul 2024July 2024 | $88.4M | 54 | 3 | 2 |
| Jan 2023January 2023 | $32.8M | 32 | 3 | 2 |
Besides its headquarters, Elite Life Management has 1 office, with 2 listed addresses across 2 states.
Florida · 1 listed address
- 2170 Main Street, Sarasota
Pennsylvania · 1 listed address
- 2725 Colonial Ave, ErieHQ
Other business names
Elite Life Management has reported 1 other business name to the SEC.
- HBK Sorce Advisory LLC
Contact and registration details
- Legal name
- Elite Life Management LLC
- Headquarters
- 2725 Colonial Ave, Erie, PA 16505
- Website
- elitelifeteam.com
- Phone
- 814-836-5776
- @elite-life-management-llc
- SEC file
- 801-127003
- Structure
- Florida LLC
- Fiscal year end
- August
Elite Life Management’s named custodian for separately managed accounts is Charles Schwab ($144M). Elite Life Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $144M100%
At year end, Elite Life Management’s separately managed accounts were mostly in stocks (54%) and bonds (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $85.4M across 61 positions; the largest are Schwab Strategic TR (17.1%), Vanguard Mun BD Fds (17.0%) and Vanguard Tax-managed Fds (14.1%).
What the accounts hold
- Stocks54%
- Funds12%
- Registered funds9%
- Pooled vehicles3%
- Bonds20%
- State and local bonds7%
- Investment grade corporate bonds7%
- U.S. government and agency bonds6%
- Cash13%
- Other1%
- Annuity, market linked investment1%
How many clients does Elite Life Management have?
Elite Life Management has 91 clients and manages $147 million for them, as of November 2025. They include 71 individual clients, 15 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 November 2025
What services does Elite Life Management offer?
Elite Life 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
Which custodians does Elite Life Management use?
Elite Life Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $144M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 November 2025
How many financial advisors does Elite Life Management have?
Elite Life Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Life Management invest in?
At the end of its last fiscal year, Elite Life Management’s separately managed accounts held 54% exchange-traded equities, 13% cash and equivalents, 9% registered funds (mutual funds, ETFs, BDCs), 7% state and local bonds, 7% investment grade corporate bonds, 6% U.S. government and agency bonds, 3% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Annuity, Market Linked Investment.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Elite Life Management?
Elite Life Management is owned through a chain of holding companies by Hill, Barth, & King Financial Holdings LLC. Its direct owner is HBK Sorce Financial LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 November 2025
How does Elite Life Management get paid?
Elite Life 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 Elite Life Management?
Elite Life Management’s main office is at 2725 Colonial Ave, Erie, PA 16505. Its phone number is 814-836-5776. Its website is elitelifeteam.com.
