Elite Advisors, LLC (Long Beach)

Elite Advisors, LLC is a large advisory firm based in Long Beach. It manages $264.89 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of California.

Elite Advisors provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Elite Advisors: assets under management

The assets under management (AUM) of Elite Advisors, LLC is $264.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $33.11 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Elite Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Elite Advisors serves?

The only and largest group of clients of Elite Advisors is pooled investment vehicles with 8 clients and $264.89 million of assets under management. Among the 11 most similar advisory firms, Elite Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $264.89 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Elite Advisors doesn't advise any private funds.

Careers at Elite Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sen Nmn Zhang	Managing member & chief compliance officer	1 Jul 2015	Other	5611943
Inc. Sunstone Management	Member	1 Oct 2015	75% - 100%	47-3625359
Inc. (Rch) Regional Centers Holding Group	Shareholder	1 Jan 2016	75% - 100%	46-1563900

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Zhong Shen	Member	1 Oct 2015	75% - 100%	6594729
John Nmn Shen	Member	1 Oct 2015	75% - 100%	6594729

Based in Long Beach

The principal office where Elite Advisors, LLC performs its advisory services is located at 1 World Trade Center, Long Beach, CA 90831, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 562-449-0139 or by fax 562-449-0079. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday.