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.
SEC-registered adviser
Xml Financial Group
Legal name Xml Financial, LLC
Latest filing Jun 2, 2026
First filing on the tape Sep 1, 2016 · 51 filings
SEC status approved since Sep 12, 2016
RAUM
$3.3B
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
97%
$3.2B individuals and HNW
Advisors
28
registered through the firm on IAPD
RAUM per advisor
$118M
derived; firm RAUM over IAPD count
Employees
54
26 advisory (5.B.1)
Offices
25
beyond the principal office
Private funds
0
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$3.3B as of Jun 2, 2026
Mar 27, 2017$431M then
HNW client RAUM$1.4B as of Jun 2, 2026
Mar 28, 2018$302M then
State-registered IARs (5.B.3)28 as of Jun 2, 2026
Mar 27, 20178 then
Employees (5.A)54 as of Jun 2, 2026
Mar 27, 201717 then
Private funds: no history
RAUM +10% over the last fiscal year+12% a year over threeIARs 28 to 28offices 24 to 25
Practice profile
derived from the filing of Jun 2, 2026; every figure names its basis
Archetypes, each a printed rule
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $118MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 103derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $550,871derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 75%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.9derivedItem 5.A over advisors
- Advisors per office
- 1.1derived26 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -30%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Financial planning clients
- 1,500reportedItem 5.H
- Wrap fee program
- $4.4BreportedItem 5.I
- Custody
- $2.3B, 3,118 clientsreportedItem 9.A
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- controlled by a public reporting company (10.A)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$1.8B55%
- High-net-worth individuals$1.4B41%
- Corporations and businesses$79.0M2.4%
- Pension and profit-sharing plans$26.5M0.8%
- Charitable organizations$7.7M0.2%
- Individual clients
- 2,057reported
- HNW clients
- 833reported
- Pension plan clients
- 22reported
- Charitable clients
- 13reported
- Accounts
- 5,987reported
- Financial planning clients
- 1,500reported
- Wrap fee programs
- $2.2B sponsored, $0 managedreported
- Custody of client assets
- $2.3B for 3,118 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=true bd_reps=27.0 bank_owner=falsederived
Advisors registered through the firm
28 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kevin P Peters | Bethesda, Md | Oct 1, 2016 | 25 y | 1 |
| Jason Elliot KlopmanCertified Financial Planner | Bethesda, Md | Oct 1, 2016 | 19 y | 1 |
| Noorjahan EnayatCertified Financial Planner | Fairfax, Va | Oct 1, 2016 | 13 y | 2 |
| Robert David Kantor | Bethany Beach, De | Oct 1, 2016 | 35 y | 2 |
| Brett Shane BernsteinCertified Financial Planner | Bethany Beach, De | Oct 1, 2016 | 27 y | 2 |
| John Eric Wightman | Bethesda, Md | Jul 21, 2017 | 20 y | 3 |
| Michelle Perim Cooper | Potomac, Md | Mar 9, 2018 | 28 y | 1 |
| Beth J Levine | Rockville, Md | Feb 1, 2019 | 31 y | 1 |
| Lauren Kathryn O'BrienCertified Financial Planner | Alexandria, Va | Feb 1, 2019 | 15 y | 1 |
| John Richard MayCertified Financial Planner | Bethesda, Md | Feb 1, 2019 | 46 y | 1 |
| Steven Farnham Collins | Owings Mill, Md | Feb 1, 2019 | 25 y | 3 |
| Curtis Jeffrey CongdonCertified Financial Planner | Clifton, Va | Feb 1, 2019 | 21 y | 1 |
| David B Margulies | St. Petersburg, Fl | Feb 5, 2019 | 39 y | 4 |
| Jennifer Lara Szaro | Fairfax, Va | Feb 6, 2019 | 25 y | 2 |
| Alexandra KantarskiCertified Financial Planner | Bethesda, Md | Feb 21, 2019 | 19 y | 4 |
| John James Sciuto | Bethesda, Md | Jun 7, 2019 | 11 y | 1 |
| Sharon Lynn Abbey | Bethesda, Md | Jan 6, 2020 | 23 y | 1 |
| Meredith Wade | Springdale, Md | Sep 1, 2021 | 22 y | 7 |
| Stephen Adam Clagett | Bethesda, Md | Sep 1, 2021 | 18 y | 1 |
| Jordan Ross VanoortCertified Financial Planner, Chartered Financial Analyst | Bethesda, Md | Sep 1, 2021 | 19 y | 2 |
| Radley L EllenbogenCertified Financial Planner | Bethesda, Md | Mar 25, 2022 | 14 y | 0 |
| Mark Dale Samson | Longport, Nj | Jul 1, 2022 | 35 y | 1 |
| Douglas CallanChartered Financial Analyst | Warington, Pa | Jul 1, 2022 | 17 y | 2 |
| Jennifer Bixler Telesca | Villanova, Pa | Jul 5, 2022 | 27 y | 4 |
| Sharon Marie Cirillo | Boynton Beach, Fl | Jul 29, 2022 | 19 y | 9 |
| Shawna T BiedaCertified Financial Planner | Bethesda, Md | Aug 8, 2022 | 22 y | 1 |
| Benjamin Kollender | Fort Washington, Pa | Aug 27, 2024 | 13 y | 0 |
| Zachary Scott WeaverCertified Financial Planner, Chartered Financial Consultant | Rockville, Md | Mar 6, 2025 | 20 y | 3 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount3 left over 36 months
Left, latest
- Nicole A Treiber to Osaic Wealth, Inc.Aug 20, 2026 · RIA to affiliated broker-dealer or bank
- David Andrew Clark to LPL Financial LLCOct 2, 2025 · RIA to affiliated broker-dealer or bank
- Andrew Victor Villafranca to LPL Financial LLCFeb 16, 2024 · RIA to affiliated broker-dealer or bank
- Edward Ronald Lara to Stratos Wealth Advisors LLCJul 1, 2020 · RIA to RIA
- Paul Wayne Corley to Corley Capital LLCFeb 19, 2020 · RIA to a state-registered adviser
- Natalie J Gosselin to Spire Wealth Management, LLCSep 27, 2019 · RIA to affiliated broker-dealer or bank
- Carter Shaffer to Monocacy Wealth Management, LLCAug 26, 2019 · RIA to a newly registered adviser
- Richard James Gow to Fiscal Wisdom Wealth Management LLCMay 17, 2019 · RIA to RIA
Joined, latest
- Zachary Scott Weaver from Eagle Strategies LLCMar 6, 2025 · Affiliated broker-dealer or bank to independent RIA
- Shawna T Bieda from Merrill Lynch, Pierce, Fenner & Smith IncorporatedAug 8, 2022 · Wirehouse to independent RIA
- Sharon Marie Cirillo from Valic Financial Advisors, Inc.Jul 29, 2022 · Affiliated broker-dealer or bank to independent RIA
- Jennifer Bixler Telesca from Wells Fargo AdvisorsJul 5, 2022 · Wirehouse to independent RIA
- Mark Dale Samson from Wells Fargo AdvisorsJul 1, 2022 · Wirehouse to independent RIA
- Douglas Callan from Wells Fargo AdvisorsJul 1, 2022 · Wirehouse to independent RIA
- Andrew Victor Villafranca from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- Jordan Ross Vanoort from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- David Andrew Clark from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- Meredith Wade from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- Stephen Adam Clagett from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- Sharon Lynn Abbey from Lara, Shull & May, LtdJan 6, 2020 · Other
- John James Sciuto from Wells Fargo AdvisorsJun 7, 2019 · Wirehouse to independent RIA
- Alexandra Kantarski from Edelman Financial Services, LLCFeb 21, 2019 · Other
- Jennifer Lara Szaro from Lara, Shull & May, LtdFeb 6, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Wells Fargo AdvisorsJul 11, 2022 · Fort Washington, Pa
- 5 joined from Wells Fargo AdvisorsAug 31, 2021 · Bethesda, Md
- 3 joined from Lara, May & Associates, LLCFeb 1, 2019 · Rockville, Md · Firm absorbed
- 5 joined from LPL Financial LLCOct 13, 2016 · Rockville, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Shane Brett Bernstein · Chief Executive Officercontrolsince 02/2019 · owns less than 5%
- Jeffrey Curtis Congdon · Presidentcontrolsince 02/2019 · owns less than 5%
- David Robert Kantor · Chief Investment Officercontrolsince 02/2019 · owns less than 5%
- Dale Mark Samson · Principalcontrolsince 02/2023 · owns less than 5%
- Alexandra Kantarski · Membersince 02/2025 · owns less than 5%
- Elliot Jason Klopman · Membersince 02/2025 · owns less than 5%
- Todd Kullen · Chief Operating Officersince 02/2019 · owns less than 5%
- Lara Jennifer Szaro · Chief Compliance Officersince 02/2019 · owns less than 5%
Entity owners
- Focus Operating, LLC · Memberdirect · owns 75% or more
- Cd&R Ferdinand Co-Investor, L.P. · Partnerindirect · owns 25% to 50% of Cd&R Ferdinand Holdings, L.P.
- Cd&R Ferdinand Holdings, L.P. · Partnerindirect · owns 50% to 75% of Ferdinand Ffp Ultimate Holdings, LP
- Clayton, Dubilier & Rice Fund Xii, L.P. · Partnerindirect · owns 50% to 75% of Cd&R Ferdinand Holdings, L.P.
- Ferdinand Ffp Acquisition, LLC · Shareholder, Class A Common Stockindirect · owns 75% or more of Focus Financial Partners Inc.
- Ferdinand Ffp Intermediate Holdings, LLC · Memberindirect · owns 75% or more of Ferdinand Ffp Acquisition, LLC
- Ferdinand Ffp Parent, Inc. · Memberindirect · owns 75% or more of Ferdinand Ffp Intermediate Holdings, LLC
- Ferdinand Ffp Ultimate Holdings, LP · Shareholder, Class B Common Stockindirect · owns 75% or more of Focus Financial Partners Inc.
- Ferdinand Ffp Ultimate Holdings, LP · Shareholderindirect · owns 75% or more of Ferdinand Ffp Parent, Inc.
- Focus Financial Partners Inc. · Memberindirect · owns 75% or more of Focus Financial Partners, LLC
- Focus Financial Partners, LLC · Memberindirect · owns 75% or more of Focus Operating, LLC
Related persons
Schedule D 7.A
- Sentinel Pension Advisors, LLC.investment adviserLP sponsornRAUM $12B
- Lara, May & Associates, LLCbroker-dealerreal estateyRAUM $424M
Advisers that list Xml Financial Group as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethesda, Md · principal | 23 | 0 | 0 | ||
| Fairfax, Va | 4 | 0 | 0 | ||
| Fort Washington, Pa | 3 | 0 | 0 | ||
| Rockville, Md | 3 | 0 | 0 | ||
| Alexandria, Va | 2 | 0 | 0 | ||
| Bethany Beach, De | 2 | 0 | 0 | ||
| Gaithersburg, Md | 0 | 0 | 1 | ||
| Frederick, Md | 0 | 0 | 1 | ||
| Arlington, Va | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Fairfax, VA6 employees
- Fort Washington, PA3 employees
- Breckenridge, CO1 employees
- Alexandria, VA1 employees
- , 1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 27, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $2,993,236,597 to $3,298,062,805, advisors 28 to 28, private clients 4127 to 2890, offices 24 to 25 (2025-03-28 to 2026-03-27)peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 6,044 to 5,987Jan 2, 2026 to Mar 27, 2026
- Advisory employees · 27 to 26Jan 2, 2026 to Mar 27, 2026
- BD registered reps · 29 to 27Jan 2, 2026 to Mar 27, 2026
- Corporate clients · 22 to 19Jan 2, 2026 to Mar 27, 2026
- HNW clients · 288 to 833Jan 2, 2026 to Mar 27, 2026
- Individual clients · 3,839 to 2,057Jan 2, 2026 to Mar 27, 2026
- Pension plan clients · 23 to 22Jan 2, 2026 to Mar 27, 2026
- Assets in custody · $2.0B to $2.3BJan 2, 2026 to Mar 27, 2026
- Employees · 53 to 54Jan 2, 2026 to Mar 27, 2026
- Other offices · 24 to 25Jan 2, 2026 to Mar 27, 2026
- Discretionary RAUM · $2.2B to $2.5BJan 2, 2026 to Mar 27, 2026
- HNW RAUM · $803M to $1.4BJan 2, 2026 to Mar 27, 2026
- Individual RAUM · $2.1B to $1.8BJan 2, 2026 to Mar 27, 2026
- Non-discretionary RAUM · $791M to $811MJan 2, 2026 to Mar 27, 2026
- Pension RAUM · $25.5M to $26.5MJan 2, 2026 to Mar 27, 2026
- RAUM · $3.0B to $3.3BJan 2, 2026 to Mar 27, 2026
- Wrap assets (sponsor) · $2.0B to $2.2BJan 2, 2026 to Mar 27, 2026
- Accounts · 5,960 to 6,044Nov 22, 2024 to Mar 28, 2025
- Advisory employees · 30 to 27Nov 22, 2024 to Mar 28, 2025
- Charity clients · 14 to 13Nov 22, 2024 to Mar 28, 2025
- Corporate clients · 23 to 22Nov 22, 2024 to Mar 28, 2025
- HNW clients · 275 to 288Nov 22, 2024 to Mar 28, 2025
- Individual clients · 3,834 to 3,839Nov 22, 2024 to Mar 28, 2025
- Pension plan clients · 29 to 23Nov 22, 2024 to Mar 28, 2025
- Assets in custody · $1.9B to $2.0BNov 22, 2024 to Mar 28, 2025
- Employees · 52 to 53Nov 22, 2024 to Mar 28, 2025
- Financial planning clients · More than 500 to More than 500Nov 22, 2024 to Mar 28, 2025
- State-registered IARs · 30 to 28Nov 22, 2024 to Mar 28, 2025
- Other offices · 16 to 24Nov 22, 2024 to Mar 28, 2025
- Discretionary RAUM · $1.6B to $2.2BNov 22, 2024 to Mar 28, 2025
- HNW RAUM · $667M to $803MNov 22, 2024 to Mar 28, 2025
- Individual RAUM · $2.0B to $2.1BNov 22, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $1.2B to $791MNov 22, 2024 to Mar 28, 2025
- Pension RAUM · $23.5M to $25.5MNov 22, 2024 to Mar 28, 2025
- RAUM · $2.8B to $3.0BNov 22, 2024 to Mar 28, 2025
- Related insurance company · false to trueNov 22, 2024 to Mar 28, 2025
- Wrap assets (sponsor) · $1.9B to $2.0BNov 22, 2024 to Mar 28, 2025
- Accounts · 5,800 to 5,960Jan 5, 2024 to Mar 20, 2024
- Advisory employees · 31 to 30Jan 5, 2024 to Mar 20, 2024
- BD registered reps · 25 to 29Jan 5, 2024 to Mar 20, 2024
Signals
15 dated events
- Nicole A Treiber left Xml Financial Group for Osaic Wealth, Inc. (registered 2026-09-03)Aug 20, 2026 · Advisor changed firm · fact
- David Andrew Clark left Xml Financial Group for Lpl Financial Llc (registered 2025-10-01)Oct 2, 2025 · Advisor changed firm · fact
- Xml Financial Group reported 24 offices beyond its principal office, up from 16 (2024-11-22 to 2025-03-28)Mar 28, 2025 · Office count change · derived
- Andrew Victor Villafranca left Xml Financial Group for Lpl Financial Llc (registered 2024-02-16)Feb 16, 2024 · Advisor changed firm · fact
- Xml Financial Group reported 18 offices beyond its principal office, up from 7 (2023-02-13 to 2023-03-30)Mar 30, 2023 · Office count change · derived
- Adam Stephen Clagett (Director Of Branch Operations) no longer on Schedule A of Xml Financial Group (listed 2023-02-13, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Dale Mark Samson (Principal) appeared on Schedule A of Xml Financial GroupFeb 13, 2023 · Control person joined · fact
- Todd Kullen (Chief Operating Officer) appeared on Schedule A of Xml Financial GroupFeb 13, 2023 · Control person joined · fact
- Adam Stephen Clagett (Director Of Branch Operations) appeared on Schedule A of Xml Financial GroupFeb 13, 2023 · Control person joined · fact
- 3 advisors left Wells Fargo Advisors (Fort Washington, PA) for Xml Financial Group on the same dayJul 11, 2022 · Team lift-out · derived
- Xml Financial Group reported RAUM $2.3B, up 78% from $1.3B (2022-03-08 to 2022-03-24)Mar 24, 2022 · RAUM change · derived
- Xml Financial Group reported RAUM $1.1B, up 132% from $470.0M (2020-01-28 to 2020-05-03)May 3, 2020 · RAUM change · derived
- Jeffrey Curtis Congdon (President) appeared on Schedule A of Xml Financial GroupFeb 1, 2019 · Control person joined · fact
- Lara Jennifer Szaro (Chief Compliance Officer) appeared on Schedule A of Xml Financial GroupFeb 1, 2019 · Control person joined · fact
- Oren Advisors, Llc filed its initial SEC registration (Form ADV)Sep 1, 2016 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 415-900-3871reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-498-7080reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 561-200-2070reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/xml-w-women-wealth-wellnessreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/2064318reportedpublic record, Form ADV, Sep 17, 2026
- Website
- focusfinancialpartners.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (301) 770-5234reportedpublic record, Form ADV, Jun 2, 2026
- Contact form
- corporate.focuspartners.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $118Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026