ELITE LIFE MANAGEMENT LLC
Adviser information for ELITE LIFE MANAGEMENT LLC last updated from Form ADV on November 8th, 2023. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | AUGUST |
| Legal Location | Florida, United States |
Employees
| Total Number of Employees | 3 |
|---|---|
| Investment Advisory/Research | 3 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 3 |
| Licensed Agents of an Insurance Company | 2 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 138 | $88.4M |
| Non-Discretionary | 0 | $0 |
| Total | 138 | $88.4M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 12 | $9.3M |
| HNW Individuals | 40 | $79.1M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 2 | $200 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 11-25 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businesses |
|---|---|
| Compensation | % of AUMFixed fees |
Principal Office
5121 ZUCK RDERIE
PA
United States
Monday - Friday, BY APPOINTMENT
Tel: (814) 836-5776, Fax: None
Chief Compliance Officer
MICHAEL WASSMANN
CHIEF COMPLIANCE OFFICER
5121 ZUCK ROAD
#401
ERIE
PA
United States
Tel:
(814) 836-5776
Fax:
(814) 836-5779
M********@*************M
(Full email address available in API data)
Regulatory Contact
JEREMY SHELBY
PRINCIPAL
2170 MAIN ST
SUITE 401
SARASOTA
FL
United States
Tel:
(833) 323-3548
J******@****************M
(Full email address available in API data)
Industry Affiliates
| HBK CPAS & CONSULTANTS | Accountant or accounting firm |
| HBK SORCE BROKERAGE LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| HBK SORCE INSURANCE LLC | Insurance company or agency |
| HBKS WEALTH ADVISORS | Other investment adviser, including financial planners |
| PARK SHORE PARTNERS LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| Shelby, Jeremy, T. | Individual | – | MANAGING DIRECTOR | 09/2020 | 10-25% |
| RUTSKY, AARON, DAVID | Individual | – | MANAGING DIRECTOR | 01/2021 | 10-25% |
| HBK SORCE FINANCIAL LLC | Domestic Entity | – | OWNER | 04/2022 | 50-75% |
| HBK SORCE FINANCIAL LLC | Domestic Entity | HBK SORCE FINANCIAL LLC | PARENT COMPANY | 06/2000 | > 75% |
| HBK SORCE HOLDINGS LLC | Domestic Entity | HBK SORCE FINANCIAL LLC | OWNER | 03/2001 | > 75% |
| HILL, BARTH, & KING FINANCIAL HOLDINGS LLC | Domestic Entity | HBK SORCE HOLDINGS LLC | OWNER | 01/2009 | 50-75% |
| WASSMANN, MICHAEL, GUSTAVE | Individual | – | CHIEF COMPLIANCE OFFICER | 07/2022 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 8th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 5M | 93K | – |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 4M | 64K | – |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 4M | 79K | – |
| NVIDIA CORPORATION | COM | 2M | 14K | – |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 1M | 35K | – |
| DIMENSIONAL ETF TRUST | US LARGE CAP VEC | 1M | 23K | – |
| MICROSOFT CORP | COM | 1M | 3K | – |
| APPLE INC | COM | 1M | 6K | – |
| ALPHABET INC | CAP STK CL C | 751K | 4K | – |
| INVESCO EXCH TRD SLF IDX FD | RUSL 1000 DYNM | 592K | 11K | – |
| SPDR S&P 500 ETF TR | TR UNIT | 576K | 1K | – |
| AMAZON COM INC | COM | 546K | 3K | – |
| META PLATFORMS INC | CL A | 491K | 973 | – |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 470K | 5K | – |
| COSTCO WHSL CORP NEW | COM | 445K | 523 | – |
| ISHARES TR | CORE MSCI EAFE | 427K | 6K | – |
| VISA INC | COM CL A | 354K | 1K | – |
| PROCTER AND GAMBLE CO | COM | 311K | 2K | – |
| JPMORGAN CHASE & CO. | COM | 295K | 1K | – |
| UNITEDHEALTH GROUP INC | COM | 281K | 551 | – |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 230K | 588 | – |
| ELI LILLY & CO | COM | 215K | 237 | – |
| CHEVRON CORP NEW | COM | 204K | 1K | – |
| HOME DEPOT INC | COM | 202K | 588 | – |