{"url":"https://nivawealth.com/firms/elite-wealth-management-132122","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/132122","regulatoryAum":861321612,"crd":"132122","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5652400","suffix":null,"lastName":"MEMARAN-DADGAR","firstName":"ALI","middleName":"REZA"},{"crd":"4831285","suffix":null,"lastName":"THOMASON","firstName":"TERRY","middleName":"L"}],"total":2,"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":"2021-02-18","regulatoryAum":595273527,"clients":395,"employees":5,"offices":2},{"filedOn":"2022-07-07","regulatoryAum":841869654,"clients":439,"employees":6,"offices":2},{"filedOn":"2023-02-15","regulatoryAum":742176951,"clients":475,"employees":6,"offices":2},{"filedOn":"2024-05-13","regulatoryAum":996333112,"clients":556,"employees":6,"offices":2},{"filedOn":"2025-02-11","regulatoryAum":996082300,"clients":542,"employees":7,"offices":2},{"filedOn":"2026-03-30","regulatoryAum":861321612,"clients":469,"employees":5,"offices":1}],"secFileNumber":"801-63310","legalName":"Elite Wealth Management, Inc.","displayName":"Elite Wealth Management","slug":"elite-wealth-management-132122","website":"https://elitewm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/elite-wealth-management-inc-/","founded":"2004","organization":"Washington corporation","fiscalYearEnd":"December","headquarters":{"street":"1014 Market Street, Suite 100","city":"Kirkland","state":"WA","stateName":"Washington","country":"United States","postalCode":"98033"},"tradeNames":[],"registration":{"secApproved":"2 July 2004","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1850613.48172043,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":861321612,"discretionary":860535269,"discretionaryAccounts":1506,"nonDiscretionary":786343,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":291,"regulatoryAum":90370000},{"label":"High-net-worth individuals","clients":174,"regulatoryAum":770165269},{"label":"Other investment advisers","clients":4,"regulatoryAum":786343}],"feePrograms":[{"role":"main","program":"Investment management fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034106","versionId":1034106,"ratePeriod":"not_stated","fee_billing":"both","submittedOn":"2026-03-30","documentName":"ELITE WEALTH MANAGEMENT PART 2A & 2B","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:33:02.631573+00:00","documents":[{"name":"ELITE WEALTH MANAGEMENT PART 2A & 2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034106","versionId":1034106,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":335607876},{"name":"Interactive Brokers Corp.","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":399631529}],"custodyNote":"Elite Wealth Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Ali Memaran-Dadgar","title":"Chief Executive Officer","crd":"5652400"},{"name":"Ali Memaran-Dadgar","title":"Chief Compliance Officer","crd":"5652400"}],"ownership":[{"label":"Ali Memaran-Dadgar","detail":"Chief executive officer in the 75% or more ownership band and a control person, since July 2023. 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Elite Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Elite Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Elite Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Elite Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Elite Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Elite Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Elite Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Elite Wealth Management?","answer":"Elite Wealth Management’s main office is at 1014 Market Street, Suite 100, Kirkland, WA 98033. Its phone number is 425-828-4300. 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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."}