Elite Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and educational seminars.
Elite Wealth Management reports 871 clients. They include 836 individual clients and 35 high-net-worth individuals. Of its assets, 100.0% ($161M across 1,583 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $6.49K.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 60% |
| High-net-worth individuals | 4% | 40% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 836 | $96.9M | 60.1% | $116K |
| High-net-worth individuals | 35 | $64.5M | 39.9% | $1.84M |
| Total | 871 | $161M | 100% | $185K |
- Clients
- 836
- Regulatory AUM
- $96.9M
- AUM share
- 60.1%
- Avg. per client
- $116K
- Clients
- 35
- Regulatory AUM
- $64.5M
- AUM share
- 39.9%
- Avg. per client
- $1.84M
Total
- Clients
- 871
- Regulatory AUM
- $161M
- AUM share
- 100%
- Avg. per client
- $185K
- 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 0.50%–1.50% a year for its Wrap Fee Program. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.50% |
| $500K–$1M | 1.00% |
| $1M and above | 0.50% |
Fee details and sources
Other fees
- Financial planning
- A comprehensive financial plan may be provided for a fixed fee of $500, which may be negotiable; ongoing planning is $250 annually for up to two planning sessions.
- Retirement plan services
- Plan advisory fees are up to 1.50% of plan assets; 3(38) fiduciary sponsored plans pay 1.5% up to $500,000, 1% from $500,001 to $1,000,000 and 0.5% above $1,000,000.
Elite Retirement Group, Inc. owns 75% or more of Elite Wealth Management and is in turn owned by Patrick Marcell (75% or more). It has 5 employees, 4 of them in advisory roles.
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 insurance agents
- Owns 75% or more of Elite Wealth Management, Inc.
Elite Retirement Group, Inc.
Control person · since October 2024
- Owns 75% or more of Elite Retirement Group, Inc.
Patrick Marcell
Control person · since October 2024
Elite Wealth Management’s regulatory assets grew from $153M (February 2025) to $161M (June 2026); clients fell from 983 to 871 and employees rose from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $161M | 871 | 5 | 2 |
| Feb 2025February 2025 | $153M | 983 | 4 | 2 |
Besides its headquarters, Elite Wealth Management has 1 office, with 2 listed addresses in 1 state.
Wisconsin · 2 listed addresses
- 2331 Post Road, PloverHQ
- 1205 Cedar Road, Suite B, Kronenwetter
Contact and registration details
- Legal name
- Elite Wealth Management, Inc.
- Headquarters
- 2331 Post Road, Plover, WI 54467
- Website
- soundcloud.com
- Phone
- 715-341-8899
- SEC file
- 801-131559
- Structure
- Wisconsin corporation
- Fiscal year end
- December
Elite Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($125M, 77%) and Altruist ($36.4M, 23%). Elite Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $125M77%
- AltruistAltruist Financial LLC · Culver City, CA · $36.4M23%
At year end, Elite Wealth Management’s separately managed accounts were mostly in stocks (93%).
What the accounts hold
- Stocks93%
- Exchange-traded equities75%
- Non-exchange-traded equities18%
- Bonds6%
- Cash1%
How many clients does Elite Wealth Management have?
Elite Wealth Management has 871 clients and manages $161 million for them, as of June 2026. They include 836 individual clients and 35 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 June 2026
What services does Elite Wealth Management offer?
Elite Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and educational seminars.
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 0.50%–1.50% a year for its Wrap Fee Program. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Elite Wealth Management use?
Elite Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $125M and Altruist Financial LLC (Culver City, CA), with $36.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 June 2026
How many financial advisors does Elite Wealth Management have?
Elite Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 Wealth Management invest in?
At the end of its last fiscal year, Elite Wealth Management’s separately managed accounts held 75% exchange-traded equities, 18% non-exchange-traded equities, 6% investment grade corporate bonds and 1% 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 Wealth Management?
Elite Wealth Management is owned through a holding company by Patrick Marcell. Its direct owner is Elite Retirement Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 June 2026
How does Elite Wealth Management get paid?
Elite Wealth 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 Wealth Management?
Elite Wealth Management’s main office is at 2331 Post Road, Plover, WI 54467. Its phone number is 715-341-8899. Its website is soundcloud.com.
