Elite Wealth Management, Inc. logo

Elite Wealth Management, Inc.

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Client assets under management

$860,535,269

Clients

465

37% high-net worth

Advisors

2

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

233

Very High

Average account size

$1,850,613

About

Elite Wealth Management provides discretionary investment management to individuals, high‑net‑worth clients, and other investment advisers/financial services firms. The firm offers several named strategies — Dynamic Option Overlay, Tactical Long/Short, Core Select, Global, and Dividend — delivered through separately managed accounts and model/white‑label programs, and generally charges fees as a percentage of assets under management.

Elite’s onboarding relies on an investor questionnaire and an interactive process to set risk tolerance, time horizon, and objectives, with formal account reviews typically on a quarterly basis. Investment selection uses a mix of fundamental, technical, cyclical, and charting analysis, and portfolios may include ETFs, individual equities, alternative investments, options, and other derivatives; the firm also implements margin and other borrowing techniques where appropriate.

Noteworthy differences from many peers include its provision of model and white‑label portfolios to third‑party managers and its practice of serving other investment adviser clients, as well as an affiliation with Lattice Capital Management and recommendations to invest in the Lattice Fund, which creates potential conflicts because personnel and resources are shared. The firm manages a relatively large asset base (approximately $861 million) relative to its reported adviser count and explicitly uses derivatives and borrowing (including portfolio margin for concentrated accounts) in separately managed accounts, a set of practices less common among team firms.

Client services

Portfolio management Selection of other advisers

Expertise

Options & derivatives strategies Private / alternative investments Active portfolio management

Fee options

Percentage

$0 - $100,000,000: 0.60% annually $100,000,001 - $150,000,000: 0.55% annually $150,000,001+: 0.50% annually $0 - $100,000,000: 0.30% - 0.35% annually (non-discretionary model portfolios) $100,000,001 - $150,000,000: 0.25% - 0.30% annually (non-discretionary model portfolios) $150,000,001+: 0.20% - 0.25% annually (non-discretionary model portfolios)

Performance-based

Performance-based fees are charged by the affiliated Lattice Fund: 1.50% annual management fee plus 10% profit allocation.

Other

Fee-only: Standard fee is 1.00% of assets under management for Direct Clients, fee-only basis.

Main office location

Elite Wealth Management, Inc.

1014 Market Street, Suite 100

Kirkland WA 98033, United States

Number of offices

1

Most active in

Arizona · California · Florida · Nebraska · Oregon · Texas · Washington

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

Terry T

Series 63, Series 66

Kirkland, WA

Elite Wealth Management, Inc.

Terry Thomason is a financial advisor with Elite Wealth Management, Inc. in Kirkland, WA, holding Series 63 and Series 66 licenses and bringing 19 years of industry experience. Prior to joining Elite Wealth Management in 2025, he worked at Clarity Capital Partners LLC, American Trust Investment Services Inc, Fidelity Investment, and Unionbanc Investment Services. Outside of finance, Thomason is president of Edmonds Devoted Family Care, a senior care business, and serves as head coach for the Edmonds Warriors Junior Football team. Elite Wealth Management provides discretionary investment advisory services to individual and high-net-worth clients, as well as other financial firms through model portfolios and white-label arrangements. The firm employs a variety of strategies including fundamental, technical, cyclical, and charting analysis, with the use of derivatives and leverage when appropriate, and maintains an operational affiliation with Lattice Capital Management.

Options & derivatives strategies Private / alternative investments Active portfolio management
user avatar

Ali M

Series 65

Kirkland, WA

Elite Wealth Management, Inc.

Ali Memaran Dadgar is a Series 65-licensed financial advisor at Elite Wealth Management, Inc. with two years of industry experience. He is also the principal owner of Elite Accounting & Financial Services, a full-service accounting firm he has operated since 2009. Elite Wealth Management provides discretionary investment advisory services to individual and high-net-worth clients, as well as other financial firms through model portfolios and white-label arrangements. The firm employs a variety of investment strategies, including dynamic option overlays and tactical long/short approaches, and maintains an operational affiliation with Lattice Capital Management, which manages affiliated private funds.

Options & derivatives strategies Private / alternative investments Active portfolio management
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