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Elite Income Advisors, Inc.

Updated today

Client assets under management

$213,359,449

Clients

657

29% high-net worth

Advisors

6

of 7 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

110

Very High

Average account size

$324,748

About

Elite Income Advisors serves individual investors (including high‑net‑worth clients), pension and profit‑sharing plans, trusts, estates, and other entities by providing comprehensive financial planning, discretionary portfolio management, retirement‑plan consulting, and recommendations for third‑party managers and model portfolios. The firm also advises on rollovers and implements investment and insurance strategies when clients choose to proceed with recommended solutions.

The firm implements client asset allocation and rebalancing using model portfolios provided by a sub‑adviser (Foundations Investment Advisors LLC) and other third‑party model providers, and conducts annual reviews and ongoing oversight to align portfolios with clients’ objectives and risk tolerance. For retirement plan clients, EIA supplements investment advice with participant education and employee communications under ERISA 404(c), and discloses offering client workshops and educational events—an activity less common among similarly sized teams.

Distinctive features disclosed in the brochure include affiliated insurance brokerages whose agents may sell commissionable insurance and annuity products alongside advisory services, fee‑sharing and referral arrangements with TPMs and vendors, and acceptance of custodial/vendor benefits; these arrangements are identified as potential conflicts of interest and are described in the firm’s disclosures. The firm also discloses use of AI tools for meeting recording and transcription (with an opt‑out option) and recent amendments addressing political and AI‑related risks in its investment‑risk disclosures.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis

Fee options

Fixed

Fixed fees up to $10,000 for broad-based financial planning services

Percentage

$0 - $500,000: 2.00% $500,001 - $1,000,000: 1.90% $1,000,001 - $2,000,000: 1.80% $2,000,001+: 1.70%

Commissions

Commissions earned by licensed insurance agents affiliated with the firm for insurance product sales

Project-based

Up to $500/hour for specific financial planning services

Other

Minimum fee: $50 annual administrative and technology fee (ATF) for non-managed accounts Fee-only: Financial planning fees: fixed fees up to $10,000 and hourly fees up to $500/hour

Main office location

Elite Income Advisors, Inc.

6011 University Boulevard, Suite # 350

Ellicott City MD 21043, United States

Number of offices

2

Most active in

Delaware · Florida · Maryland · North Carolina · Pennsylvania · South Carolina · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Connor W

Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Connor Wilson is a financial advisor at Elite Income Advisors, Inc. in Ellicott City, MD, holding a Series 65 designation with two years of industry experience. Prior to joining Elite Income Advisors, he worked in various roles including at CVS Pharmacy and York College of Pennsylvania. He is also an independent insurance agent based in Ellicott City. Elite Income Advisors serves a diverse client base including high-net-worth individuals, retirement plans, trusts, and charitable organizations. The firm provides financial planning, discretionary portfolio management, and pension consulting, utilizing model portfolios and third-party managers while emphasizing participant education and employee communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Nicholas I

Series 63, Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Nicholas Innerbichler is a financial advisor at Elite Income Advisors, Inc. with 20 years of industry experience. He holds Series 63 and Series 66 licenses and has worked previously at Horter Investment Management and Cambridge Investment Research. In addition to his role at Elite Income Advisors, he is involved with Retirement Planning Services, where he provides client service and investment advice related to advisory accounts and insurance. Elite Income Advisors serves a diverse client base including high-net-worth individuals, retirement plans, trusts, and charitable organizations. The firm offers financial planning, discretionary portfolio management, and pension consulting, typically implementing strategies through model portfolios and sub-advisers while maintaining supervisory and client service responsibilities.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Jonathon D

CFP®, Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Jonathon De Feo is a CFP® and holds a Series 66 license with eight years of industry experience. He has worked at Elite Income Advisors, Inc. since 2024, following prior roles at LPL Financial, Compton Financial Group, Bank of America, and Merrill Lynch. Outside of advisory work, he is involved in insurance sales and service through Retirement Planning Services, Inc. Elite Income Advisors provides advisory services to a diverse client base, including high-net-worth individuals, retirement plans, trusts, and charitable organizations. The firm focuses on tailored financial planning and portfolio management, utilizing model portfolios and third-party managers while emphasizing participant education and employee communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Prashant S

Series 63, Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Prashant Sabapathi is a financial advisor with Elite Income Advisors, Inc. in Ellicott City, MD, holding Series 63 and Series 65 licenses and having 12 years of industry experience. He has worked at Elite Income Advisors since 2017 and previously held roles at Investment Advisors Corp and Broker Dealer Financial Services Corp. Sabapathi is also involved in insurance sales and service through Retirement Planning Services, Inc. Elite Income Advisors serves individual clients—including high-net-worth households—retirement plans, trusts, estates, charitable organizations, and businesses. The firm offers broad financial planning, discretionary portfolio management using model portfolios and sub-advisers, and emphasizes participant education and communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Konner M

Series 63, Series 65

Ellicott City, MD

Elite Income Advisors, Inc.

Konner Munn is a financial advisor at Elite Income Advisors, Inc. with one year of industry experience. He holds Series 63 and Series 65 licenses and previously worked at Fidelity Investments and Fidelity Brokerage Services, LLC. Outside of finance, he has experience in the hospitality and food service industries. Elite Income Advisors provides advisory services to individual clients, retirement plans, trusts, estates, charitable organizations, and business entities. The firm uses model portfolios and third-party managers to tailor investment strategies based on clients’ objectives and risk tolerance, while emphasizing participant education and employee communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
user avatar

Daniel D

Series 66

Ellicott City, MD

Elite Income Advisors, Inc.

Daniel Di Peso is a financial advisor at Elite Income Advisors, Inc. with two years of industry experience. He holds a Series 66 designation and has prior experience at Capital Portfolio Management Inc. and Stanley Black and Decker. Di Peso is also involved in insurance sales through Retirement Planning Services, Inc. Elite Income Advisors provides advisory services to individual clients, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers broad-based financial planning and discretionary portfolio management, typically using model portfolios and sub-advisers while emphasizing participant education and employee communications for retirement plans.

General retirement planning General tax planning Retirement income strategy College savings (529s, UTMA, etc.) Life insurance needs analysis
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