Elite Financial Inc

Item 5—Fees & Compensation
Discretionary Investment Advisory Services
In most situations, the fees for Investment Advisory Services will be based on the amount of assets under management (“Assets Man-
aged”), as determined by the independent qualified custodian. Clients for Investment Advisory Services are provided an advisory
agreement (“Agreement”) that outlines our services, as well as a description of the fees charged (“Advisory Fees”). Typically, Advisory
Fees will be charged on a quarterly basis and charged in advance, meaning it is collected at the beginning of the quarter. In the event a
client terminates our services we will rebate the unused portion of the fees that were charged in advance. In most cases the Advisory
Fees are electronically debited, but some clients will make direct payments for services. Additionally, some clients may pay their Advi-
sory Fees through Advice Pay, a separate and unaffiliated company that allows payment of fees through credit cards or directly from
their bank accounts. Any fees charged to you by Advice Pay are separate and in addition to the Advisory Fees we charge. At the time
the Advisory Fee is debited Clients will be sent an invoice that shows the Advisory Fee, formula used to calculate the fee and the time
period covered by the fee. The value of the fee used to calculate the Advisory Fee will include all positions in the account, cash, divi-
dends, accrued interest and interest payments unless specifically excluded in the Special Instructions section of the Agreement. Ac-
counts opened for a partial time frame will be pro-rated based upon the number of days open during the billing period.
We charge a flat rate of 1.50% per year, which may be discounted depending the complexity of services provided, amount of service
required for planning, trading and/or overall servicing of accounts and total assets for each customer. Cash flows greater than $10,000
in or out of the account(s) will be pro-rated. All fees we charge are separate and distinct from the fees and expenses charged by in-
vestments like mutual funds and exchange traded funds (ETFs). In these cases, the fees and expenses are described in each
fund's prospectus or available through common financial websites. These fees will generally include a management fee, other fund
expenses, and a possible distribution fee. Any accounts opened through Pontera are charged an Advisory Fee under the terms of the
Agreement, and it is important to know that if the electronic access is not kept current, it may cause inaccurate or stale information in the
manage-ment, trading and Advisory Fee calculation. In addition to our Advisor Fees, clients are also responsible for the transaction
charges, fees and other expenses charged and imposed by the firm (“Custodian”) who holds the client assets. Accordingly, clients
should re-view both the fees charged by the funds/ETFs, the Custodian, Advice Pay and the Advisory Fees charged by the Advisor to
fully under-stand the total amount of fees to be paid.
Financial Planning & Consulting Services
For Financial Planning & Consulting Clients may choose between engaging us on an hourly basis or for a comprehensive financial
plan-ning. We charge up to $250 per hour for those Clients who engage us on an hourly basis. Fee charged for Financial Planning
and Con-sulting Services may be negotiated or discounted depending on the complexity of the engagement and services requested.
Hourly billed Clients are charged in arrears and Clients will receive an invoice detailing the amount of time billed, time period covered,
and the formula used to calculate the fee.
Advisory Fees may be negotiated, lowered or waived for family, friends or based upon the complexity level of the client situation. We
will accept personal checks for planning fees. Financial Planning may conclude with the delivery of a written plan or planning meeting.
or In any case, clients can cancel the advisory contract at any time. It is important to know that Clients have the option to purchase
investment products we recommend through other financial professionals that are not affiliated with us.
Insurance Sales
Representatives may be licensed insurance agents and may sell insurance products, which may produce additional commissions com-
pensation for them. This can create a conflict of interest in that there may be a financial incentive to recommend one product over
another based on the amount of commissions paid. This compensation may be in addition to the fees paid to Elite, and such additional
compensation is not “credited” against the Advisory Fees or service fees paid by the client. The insurance products are separate and
distinctly different from the investment advisory services offered by Us, even though the values of these investments may be shown on
the client advisory custodian statement.

Item 7—Types of Clients
We provide services to individuals, pension and profit sharing plans, trusts, estates, charitable organizations (non-profits), corporations,
associations and other business entities (such as limited liability companies, networks or limited partnerships). We do not have a mini-
mum account size or fee for clients.