Elite Wealth Management provides portfolio management for individuals and small businesses and selecting other managers.
Elite Wealth Management reports 469 clients. They include 291 individual clients, 174 high-net-worth individuals and 4 other investment advisers. Of its assets, 99.9% ($861M across 1,506 accounts) are managed with discretion; $786K across 4 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 10% |
| High-net-worth individuals | 37% | 89% |
| Other investment advisers | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 291 | $90.4M | 10.5% | $311K |
| High-net-worth individuals | 174 | $770M | 89.4% | $4.43M |
| Other investment advisers | 4 | $786K | 0.1% | $197K |
| Total | 469 | $861M | 100% | $1.84M |
- Clients
- 291
- Regulatory AUM
- $90.4M
- AUM share
- 10.5%
- Avg. per client
- $311K
- Clients
- 174
- Regulatory AUM
- $770M
- AUM share
- 89.4%
- Avg. per client
- $4.43M
- Clients
- 4
- Regulatory AUM
- $786K
- AUM share
- 0.1%
- Avg. per client
- $197K
Total
- Clients
- 469
- Regulatory AUM
- $861M
- AUM share
- 100%
- Avg. per client
- $1.84M
- 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
- 0
Elite Wealth Management charges 1.00% for its Investment management fee. The brochure does not state whether the rate is annual. The fee is billed in advance or in arrears and is negotiable.
Fee details and sources
Ali Memaran-Dadgar owns 75% or more of Elite Wealth Management. Ali Memaran-Dadgar is CEO; the leadership team includes Chief Compliance Officer Ali Memaran-Dadgar. It has 5 employees, 3 of them in advisory roles.
Leadership
- Ali Memaran-DadgarChief Executive Officer
- Ali Memaran-DadgarChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Elite Wealth Management, Inc.
Ali Memaran-Dadgar
Control person · since July 2023
Elite Wealth Management’s regulatory assets grew from $595M (February 2021) to $861M (March 2026); clients rose from 395 to 469 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $861M | 469 | 5 | 1 |
| February 2025 | $996M | 542 | 7 | 2 |
| May 2024 | $996M | 556 | 6 | 2 |
| February 2023 | $742M | 475 | 6 | 2 |
| July 2022 | $842M | 439 | 6 | 2 |
| February 2021 | $595M | 395 | 5 | 2 |
Besides its headquarters, Elite Wealth Management has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 1014 Market Street, Suite 100, KirklandHQ
Contact and registration details
- Legal name
- Elite Wealth Management, Inc.
- Headquarters
- 1014 Market Street, Suite 100, Kirkland, WA 98033
- Website
- elitewm.com
- Phone
- 425-828-4300
- @elite-wealth-management-inc-
- SEC file
- 801-63310
- Founded
- 2004
- Structure
- Washington corporation
- Fiscal year end
- December
Elite Wealth Management uses Interactive Brokers ($400M, 54%) and Charles Schwab ($336M, 46%) as custodians for its separately managed accounts. Elite Wealth Management has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $336M46%
- Interactive BrokersInteractive Brokers Corp. · Greenwich, CT · $400M54%
At year end, Elite Wealth Management’s separately managed accounts were largely in stocks (44%) and bonds (42%). Its reported 13F holdings for the quarter ended 30 June 2026 total $337M across 47 positions; the largest are Microsoft Corp. (24.9%), Nvidia Corporation (11.9%) and Alphabet Inc. (9.3%).
What the accounts hold
- Stocks44%
- Funds15%
- Bonds42%
Reported 13F holdings
- $337M
- Reported 13F value
- 47
- Positions
- 71.3%
- In the 10 largest
- +9.5%
- Value vs. prior quarter
- Microsoft Corp.24.9%
- Nvidia Corporation11.9%
- Alphabet Inc. · Cap Stk CL A9.3%
- Amazon Com Inc.6.6%
- Broadcom Inc.3.9%
- Meta Platforms Inc. · CL A3.7%
- Apple Inc.3.1%
- KLA Corp.3.0%
- Howmet Aerospace Inc.2.5%
- Palantir Technologies Inc. · CL A2.3%
Together, the ten largest are 71.3% of reported value.
How many clients does Elite Wealth Management have?
Elite Wealth Management has 469 clients and manages $861 million for them, as of March 2026. They include 291 individual clients, 174 high-net-worth individuals and 4 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Elite Wealth Management offer?
Elite Wealth Management provides portfolio management for individuals and small businesses and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Elite Wealth Management charge?
Elite Wealth Management charges 1.00% for its Investment management fee. The brochure does not state whether the rate is annual. The fee is billed in advance or in arrears and is negotiable.
Source: ELITE WEALTH MANAGEMENT PART 2A & 2B, filed 30 March 2026
Which custodians does Elite Wealth Management use?
Elite Wealth Management’s separately managed account assets are held at Interactive Brokers Corp. (Greenwich, CT), with $400M and Charles Schwab & Co., Inc. (San Francisco, CA), with $336M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Elite Wealth Management have?
Elite Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 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 Elite Wealth Management invest in?
At the end of its last fiscal year, Elite Wealth Management’s separately managed accounts held 44% exchange-traded equities, 42% U.S. government and agency bonds and 15% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Elite Wealth Management?
Elite Wealth Management’s direct owner is Ali Memaran-Dadgar (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Elite Wealth Management get paid?
Elite Wealth Management is paid through a percentage of assets under management. 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 Wealth Management?
Elite Wealth Management’s main office is at 1014 Market Street, Suite 100, Kirkland, WA 98033. Its phone number is 425-828-4300. Its website is elitewm.com.