Based in Newport Beach, California, George Argyros, Jr., uses his many years of experience in real estate, investing, and insurance in his role as chief executive officer of Elite Financial Group, LLC. In this capacity, George Argyros, Jr., provides a wide range of investment services through his private holding company.

1. WHAT IS A PRIVATE
HOLDING COMPANY?
By George Argyros Jr.

2. Introduction
 Based in Newport Beach, California, George Argyros,
Jr., uses his many years of experience in real estate,
investing, and insurance in his role as chief executive
officer of Elite Financial Group, LLC. In this capacity,
George Argyros, Jr., provides a wide range of
investment services through his private holding
company.
Unlike many other firms, holding companies do not
typically create or sell products to consumers. Instead,
these companies own the majority of a separate firm’s
voting stock, allowing them to control underlying
policies and managerial staff. These companies can
also fully own businesses, which are then called
wholly owned subsidiaries.

3. Private Holding Company
 Typically, holding companies maintain the assets
of several subsidiaries at once, including bonds,
real estate, and patent trademarks. While they do
not possess direct oversight of the day-to-day
services of their subsidiaries, holding companies
have the ability to appoint and dismiss
administrators and conduct staff evaluations.
After the US financial crisis, a number of
prominent investment banks shifted into holding
companies. In recent years, Bank of America,
Goldman Sachs Groups, Inc., and JP Morgan
Chase have emerged as the top holding
companies in the country.