DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

X• I•••••••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 284005SEC 801-110653websiteIAPD
Legal name X• I••••••••• L••
Latest filing Mar 17, 2026
First filing on the tape May 17, 2017 · 13 filings
SEC status approved since Aug 10, 2017
RAUM
$866M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$433M
derived; firm RAUM over IAPD count
Employees
15
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$866M as of Mar 17, 2026
Mar 16, 2018$121M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 16, 20181 then
Employees (5.A)15 as of Mar 17, 2026
Mar 16, 20187 then
Private funds: no history
RAUM -8.9% over the last fiscal year+28% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 17, 2026; every figure names its basis
RAUM per advisor
$433MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$289MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-8.9%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$866M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=12.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
L••• K•••• G••••••Chicago, IlMay 19, 202513 y0
L••••• K••••••• H•••••Chicago, IlJun 16, 202510 y0
Advisor movement
1 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••••• T•••••••• J••••• · Co-Ceocontrol
    since 04/2016 · owns less than 5%
  • F••••• K•••••••• A•• · Managing Directorcontrol
    since 04/2016 · owns less than 5%
  • M••••••••• B•••••••• D•••• · Managing Director And General Counsel And Ccocontrol
    since 03/2021 · owns less than 5%
  • S•••••• J•••• F•••• · Co-Ceocontrol
    since 04/2016 · owns less than 5%
  • B•••••••• T•••••••• J••••• · Membercontrol
    since 04/2016 · owns 50% to 75% of X•• H••••••• L••
  • S•••••• J•••• F•••• · Membercontrol
    since 04/2016 · owns 50% to 75% of X•• H••••••• L••
Entity owners
  • X•• A•••• M••••••••• L•• · Member
    direct · owns 75% or more
  • X•• H••••••• L•• · Member
    indirect · owns 75% or more of Xms Asset Mangement LLC
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Chicago, Il · principal201
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 14 to 13
    Apr 11, 2025 to Mar 17, 2026
  • Employees · 17 to 15
    Apr 11, 2025 to Mar 17, 2026
  • Financial planning clients · to 0
    Apr 11, 2025 to Mar 17, 2026
  • Discretionary RAUM · $950M to $866M
    Apr 11, 2025 to Mar 17, 2026
  • RAUM · $950M to $866M
    Apr 11, 2025 to Mar 17, 2026
  • Accounts · 1 to 3
    Apr 19, 2024 to Apr 11, 2025
  • Advisory employees · 8 to 14
    Apr 19, 2024 to Apr 11, 2025
  • BD registered reps · 8 to 12
    Apr 19, 2024 to Apr 11, 2025
  • Employees · 12 to 17
    Apr 19, 2024 to Apr 11, 2025
  • Financial planning clients · unset to
    Apr 19, 2024 to Apr 11, 2025
  • Discretionary RAUM · $547M to $950M
    Apr 19, 2024 to Apr 11, 2025
  • RAUM · $547M to $950M
    Apr 19, 2024 to Apr 11, 2025
  • Discretionary RAUM · $411M to $547M
    Mar 24, 2023 to Mar 26, 2024
  • RAUM · $411M to $547M
    Mar 24, 2023 to Mar 26, 2024
  • Advisory employees · 9 to 8
    Mar 30, 2022 to Mar 24, 2023
  • BD registered reps · 11 to 8
    Mar 30, 2022 to Mar 24, 2023
  • Employees · 13 to 12
    Mar 30, 2022 to Mar 24, 2023
  • State-registered IARs · 4 to 0
    Mar 30, 2022 to Mar 24, 2023
  • Discretionary RAUM · $411M to $411M
    Mar 30, 2022 to Mar 24, 2023
  • RAUM · $411M to $411M
    Mar 30, 2022 to Mar 24, 2023
  • Advisory employees · 6 to 9
    Mar 30, 2021 to Mar 30, 2022
  • BD registered reps · 8 to 11
    Mar 30, 2021 to Mar 30, 2022
  • Employees · 8 to 13
    Mar 30, 2021 to Mar 30, 2022
  • State-registered IARs · 1 to 4
    Mar 30, 2021 to Mar 30, 2022
  • Discretionary RAUM · $147M to $411M
    Mar 30, 2021 to Mar 30, 2022
  • RAUM · $147M to $411M
    Mar 30, 2021 to Mar 30, 2022
  • Advisory employees · 7 to 6
    Mar 16, 2020 to Mar 30, 2021
  • BD registered reps · 10 to 8
    Mar 16, 2020 to Mar 30, 2021
  • Employees · 11 to 8
    Mar 16, 2020 to Mar 30, 2021
  • Discretionary RAUM · $138M to $147M
    Mar 16, 2020 to Mar 30, 2021
  • RAUM · $138M to $147M
    Mar 16, 2020 to Mar 30, 2021
  • Advisory employees · 4 to 7
    Mar 19, 2019 to Mar 16, 2020
  • BD registered reps · 8 to 10
    Mar 19, 2019 to Mar 16, 2020
  • Employees · 8 to 11
    Mar 19, 2019 to Mar 16, 2020
  • Discretionary RAUM · $107M to $138M
    Mar 19, 2019 to Mar 16, 2020
  • RAUM · $107M to $138M
    Mar 19, 2019 to Mar 16, 2020
  • BD registered reps · 7 to 8
    Mar 16, 2018 to Mar 19, 2019
  • Employees · 7 to 8
    Mar 16, 2018 to Mar 19, 2019
  • Discretionary RAUM · $121M to $107M
    Mar 16, 2018 to Mar 19, 2019
  • RAUM · $121M to $107M
    Mar 16, 2018 to Mar 19, 2019
Signals
7 dated events
  • J•••• B•••••• H•••• left X• I••••••••• for C•••••••• B••••••• I••••••••• S•••••••• I••• (registered 2026-03-04)
    May 7, 2026 · Advisor changed firm · fact
  • X• I••••••••• reported RAUM $950.0M, up 74% from $547.1M (2024-04-19 to 2025-04-11)
    Apr 11, 2025 · RAUM change · derived
  • X• I••••••••• reported RAUM $547.1M, up 33% from $410.6M (2023-03-24 to 2024-03-26)
    Mar 26, 2024 · RAUM change · derived
  • X• I••••••••• reported RAUM $411.1M, up 180% from $146.7M (2021-03-30 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Patrick John Mcgarrity (Managing Director And Cco) no longer on Schedule A of X• I••••••••• (listed 2020-03-16, absent 2021-03-30)
    Mar 30, 2021 · Control person left · inference
  • David Benjamin Mcculloch (Managing Director And General Counsel) appeared on Schedule A of X• I•••••••••
    Mar 16, 2020 · Control person joined · fact
  • X• I••••••••• filed its initial SEC registration (Form ADV)
    May 17, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/xa-investments-llcreportedpublic record, Form ADV, Sep 18, 2026
Website
xflt.xainvestments.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
312-374-6930reportedpublic record, Form ADV, Mar 17, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$433Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026