{"url":"https://nivawealth.com/firms/elite-wealth-management-333159","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/333159","regulatoryAum":161422447,"crd":"333159","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7525176","suffix":null,"lastName":"Daniels","firstName":"Matthew","middleName":"Theodore"},{"crd":"7285607","suffix":null,"lastName":"Kizewski","firstName":"Victor","middleName":"Ray"},{"crd":"6535131","suffix":null,"lastName":"MARCELL","firstName":"MICHAEL","middleName":"WILLIAM"},{"crd":"4438834","suffix":null,"lastName":"MARCELL","firstName":"PATRICK","middleName":"LEE"}],"total":4,"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":"2025-02-19","regulatoryAum":153359949,"clients":983,"employees":4,"offices":2},{"filedOn":"2026-06-03","regulatoryAum":161422447,"clients":871,"employees":5,"offices":2}],"secFileNumber":"801-131559","legalName":"Elite Wealth Management, Inc.","displayName":"Elite Wealth Management","slug":"elite-wealth-management-333159","website":"https://soundcloud.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Wisconsin corporation","fiscalYearEnd":"December","headquarters":{"street":"2331 Post Road","city":"Plover","state":"WI","stateName":"Wisconsin","country":"United States","postalCode":"54467"},"tradeNames":[],"registration":{"secApproved":"24 February 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":185330.01951779565,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":161422447,"discretionary":161422447,"discretionaryAccounts":1583,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":6487,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":836,"regulatoryAum":96936007},{"label":"High-net-worth individuals","clients":35,"regulatoryAum":64486440}],"feePrograms":[{"role":"main","program":"Wrap Fee Program","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.5,"from":0},{"to":1000000,"pct":1,"from":500000},{"to":null,"pct":0.5,"from":1000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047080","versionId":1047080,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-06-03","documentName":"ADV PART 2 WRAP BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047080","versionId":1047080,"submittedOn":"2026-06-03","documentName":"ADV PART 2 WRAP BROCHURE"},{"role":"other","program":"Retirement plan services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047080","versionId":1047080,"submittedOn":"2026-06-03","documentName":"ADV PART 2 WRAP BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:51:59.148163+00:00","documents":[{"name":"ADV PART 2 WRAP BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047080","versionId":1047080,"submittedOn":"2026-06-03"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034788","versionId":1034788,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":124995746},{"name":"Altruist Financial LLC","shortName":"Altruist","location":"Culver City, CA","smaAssets":36426701}],"custodyNote":"Elite Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Patrick Marcell","title":"Owner and CCO","crd":"4438834"}],"ownership":[{"label":"Elite Retirement Group, Inc.","detail":"Owner in the 75% or more ownership band and a control person, since October 2024."},{"label":"Patrick Marcell","detail":"Indirect owner: a owner of Elite Retirement Group, Inc. in the 75% or more band and a control person, since October 2024.","parent":"Elite Retirement Group, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Wisconsin","offices":2,"addresses":[{"street":"2331 Post Road","city":"Plover","headquarters":true},{"street":"1205 Cedar Road, Suite B","city":"Kronenwetter"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"715-341-8899","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":75},{"label":"Non-exchange-traded equity securities","percent":18},{"label":"Investment grade corporate bonds","percent":6},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"3 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/333159/PDF/333159.pdf","brochureDate":"3 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047080","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 Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Elite Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Elite Wealth Management charge?","answer":"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.","source":"ADV PART 2 WRAP BROCHURE, filed 3 June 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 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Elite Wealth Management have?","answer":"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","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 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Elite Wealth Management?","answer":"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","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 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Elite Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 3 June 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."}