Overview
A. Firm Information
Elite Wealth Management, Inc. (“Elite” or the “Firm”) is a registered investment adviser with the U.S. Securities
and Exchange Commission (“SEC”). Elite is located in the State of Washington and organized as a corporation
under the laws of Washington in 2004. Ali R M Dadgar is the Chief Executive Officer, Chief Compliance Officer
and sole owner of Elite. This Disclosure Brochure provides information regarding the advisory services and
business practices provided by Elite.
B. Advisory Services Offered
Elite offers investment advisory services to individuals, high net worth individuals (“Clients”) and other
investment advisers / financial services firms.
Elite consults with Clients who enter into an Account Management Agreement initially and on an ongoing
basis to determine risk tolerance, time horizon and other factors that my impact the Clients’ investment needs.
Elite integrates a Client’s goals and objectives using assumptions provided by the Client in order to develop the
Client’s investment plan. Clients complete an investor questionnaire as part of this process. Elite bases its
recommendations on the information provided by the Client.
Clients are advised to promptly notify Elite if there are changes to their financial situation or investment objectives
or if they wish to impose reasonable restrictions upon Elite’s investment advisory services. Any such restrictions
must be memorialized in writing and incorporated into the Client’s investment policy documentation.
Clients are generally provided a written plan that includes a personal balance sheet. All reports, financial
statement projections, and analyses are intended exclusively for use in connection with developing and
periodically reviewing, in the context of a Client’s assets and liabilities, the portion that is invested with Elite. In
view of this limited purpose, such information should not be considered complete financial statements.
Once Clients establish an account, management of the account is based on an interactive process. Depending upon
the needs of the Client, each Client is encouraged to meet with Elite at least quarterly, semi-annually, or annually.
Investment Management Services
Elite manages several investment strategies as listed below. Elite will work with each Client to determine their
investment goals and risk tolerance and develop a portfolio that includes one or more of the Firm’s strategies.
Elite may customize the Client’s investment portfolio depending on the Client’s needs. Elite’s strategies invest
in exchange-traded funds (“ETFs”), individual equity securities, alternative investments, and options. Elite may
also employ other types of investments consistent with the mandate for each strategy.
Investment Strategies:
• Dynamic Option Overlay Strategy
• Tactical Long/Short Strategy
• Core Select Strategy
• Core All Cap Strategy
• Global Strategy
As appropriate considering a Client’s investment objectives, Elite may recommend
investing in the private
investment funds managed by Lattice Capital Management LLC (the “Lattice Funds”). Lattice Capital
Management LLC (“Lattice”) is an SEC-registered investment adviser that is affiliated with Elite by control and
operations. Please see Item 10 for more information as well as Lattice’s ADV Part 2A – Disclosure Brochure.
Information regarding the strategies, risks, fees, and expenses of the Lattice Funds, as well as other pertinent
information is in each Fund’s Private Placement Memorandum, Limited Partnership Agreement, and
Subscription Documents.
Model Portfolios / White Labeling
Elite has entered into arrangements with other independent third-party managers permitting them to “White-
Label” (or re-brand) Elite’s investment strategies. Such services are typically based on Elite’s delivery of a model
portfolio. Elite’s fees for such arrangements depends on the selected strategies (see Item 5: Fees &
Compensation section for details).
C. Client Account Management
Prior to engaging Elite to provide investment management services, each Client is required to enter into an
Account Management Agreement with Elite that defines the terms, conditions, authority and responsibilities
of Elite and the Client.
These services may include:
• Asset Allocation – Elite will develop or select an existing strategic asset allocation that is targeted to meet
the investment objectives, time horizon, financial situation, and tolerance for risk for each Client.
Generally, Clients may not impose restrictions on investing in certain securities or types of securities
• Portfolio Construction – Elite will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client or utilize one or more of Elite’s strategies.
• Investment Management and Supervision – Elite will provide investment management and ongoing
oversight of the Client’s portfolio and overall account.
D. Wrap Fee Programs
Elite does not manage or invest Client assets in wrap fee programs.
E. Assets Under Management
Elite’s assets under management include the value of Client investments in the Lattice Funds. Elite recommends
investments in the Lattice Funds based on a Client’s financial circumstances and investment objectives and will
coordinate the purchase or sale if the recommendation is approved by the Client. Elite continually evaluates
Client investments in the Lattice Funds and recommends appropriate allocation changes based on changes to a
Client’s financial circumstances and investment objectives. Such assets, however, are not included in the value
of Client accounts for purposes of calculating Elite’s management fee.
As of December 31, 2022, Elite managed the following assets:
Assets Under Management
Discretionary Assets $741,323,884
Non-Discretionary
Assets
$853,067
Total $742,176,951
Clients may contact Elite at any time to request more current information.