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
X Advisors, LLC
Latest filing May 18, 2026
First filing on the tape Jul 17, 2024 · 10 filings
SEC status approved since Aug 16, 2024
RAUM
$229M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$229M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$45.7M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$229M as of May 18, 2026
Mar 26, 2025$190M then
HNW client RAUM$134M as of May 18, 2026
Mar 26, 2025$39.9M then
State-registered IARs (5.B.3)5 as of May 18, 2026
Mar 26, 20258 then
Employees (5.A)5 as of May 18, 2026
Mar 26, 20258 then
Private funds: no history
RAUM +20% over the last fiscal yearIARs 8 to 5
Practice profile
derived from the filing of May 18, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $45.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 132derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $346,904derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- -38%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +140%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 5.G
- Custody
- $229M, 659 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a broker-dealer (6.A.1)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$134M59%
- Individuals$94.3M41%
- Individual clients
- 608reported
- HNW clients
- 51reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 659reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $229M for 659 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=5.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jesse Wayne Bristow | Santa Maria, Ca | May 9, 2024 | 10 y | 0 |
| Thorne Oconnell | Santa Maria, Ca | Dec 20, 2024 | 13 y | 0 |
| Alexander Stewart Koury | Santa Maria, Ca | Apr 3, 2025 | 11 y | 0 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 40% of current headcount7 left over 36 months
Left, latest
- Clark Douglas Stevens to LPL Financial LLCOct 16, 2025 · RIA to affiliated broker-dealer or bank
- Matthew David Marchand to Pacific Point Wealth ManagementOct 6, 2025 · RIA to a newly registered adviser
- Ben Thomas Mccollum to Independent Financial Group, LLCAug 27, 2025 · RIA to affiliated broker-dealer or bank
- Ryan Steven Gorski to Pacific Point Wealth ManagementAug 18, 2025 · RIA to a newly registered adviser
- Loren James Grabau to Financial Gravity Family Office Services, LLCAug 18, 2025 · RIA to RIA
- Nancy Yen Chang to Independent Financial Group, LLCSep 19, 2024 · RIA to affiliated broker-dealer or bank
- James Curran to OnesevenMay 17, 2024 · RIA to RIA
- Trevor S Crane to Advice And Planning ServicesJan 13, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- Clark Douglas Stevens from Independent Financial Group, LLCMar 27, 2024 · Affiliated broker-dealer or bank to independent RIA
- Ben Thomas Mccollum from Independent Financial Group, LLCMar 23, 2023 · Affiliated broker-dealer or bank to independent RIA
- Trevor S Crane from Independent Financial Group, LLCJul 11, 2022 · Affiliated broker-dealer or bank to independent RIA
- James Curran from Edward JonesMay 10, 2022 · Affiliated broker-dealer or bank to independent RIA
- Nancy Yen Chang from MML Investors Services, LLCSep 27, 2021 · Affiliated broker-dealer or bank to independent RIA
- Ryan Steven Gorski from Independent Financial Group, LLCAug 10, 2021 · Affiliated broker-dealer or bank to independent RIA
- Loren James Grabau from Independent Financial Group, LLCAug 10, 2021 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Steven Ryan Gorski · Managing Member & Chief Compliance Officercontrolsince 07/2021 · owns 50% to 75%
- James Loren Grabau · Managing Membercontrolsince 07/2021 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Santa Maria, Ca · principal | 5 | 0 | 2 | ||
| Encino, Ca | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bakersfield, CA1 employees
- Denver, CO1 employees
- Encinitas, CA1 employees
- Encino, CA1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- advisor count dropChange between filings · filing Mar 30, 2026advisory representatives (Item 5.B.3) moved from 8.0 to 5.0 (-38.0%) between the annual amendments of 2025-03-26 and 2026-03-30; the peer median change was 0.0% (965 comparable advisers, 4.0th percentile of changes)peers: independent wealth managers, $100M to $500M (965) · 3.9% percentile
- client count surgeChange between filings · filing Mar 30, 2026individual and HNW clients (Item 5.D) moved from 275.0 to 659.0 (+140.0%) between the annual amendments of 2025-03-26 and 2026-03-30; the peer median change was +3.0% (3310 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,310) · 99% percentile
- discretionary share shiftChange between filings · filing Mar 30, 2026discretionary share of RAUM moved from 44.0% to 100.0% between the annual amendments of 2025-03-26 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 30, 2026HNW share of RAUM moved from 21.0% to 59.0% between the annual amendments of 2025-03-26 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 572 to 659Jan 9, 2026 to Mar 30, 2026
- Advisory employees · 7 to 5Jan 9, 2026 to Mar 30, 2026
- BD registered reps · 7 to 5Jan 9, 2026 to Mar 30, 2026
- HNW clients · 25 to 51Jan 9, 2026 to Mar 30, 2026
- Individual clients · 250 to 608Jan 9, 2026 to Mar 30, 2026
- Assets in custody · $190M to $229MJan 9, 2026 to Mar 30, 2026
- Employees · 7 to 5Jan 9, 2026 to Mar 30, 2026
- Insurance-licensed employees · 7 to 5Jan 9, 2026 to Mar 30, 2026
- State-registered IARs · 7 to 5Jan 9, 2026 to Mar 30, 2026
- Discretionary RAUM · $83.6M to $229MJan 9, 2026 to Mar 30, 2026
- HNW RAUM · $39.9M to $134MJan 9, 2026 to Mar 30, 2026
- Individual RAUM · $150M to $94.3MJan 9, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $106M to $0Jan 9, 2026 to Mar 30, 2026
- RAUM · $190M to $229MJan 9, 2026 to Mar 30, 2026
- Advisory employees · 8 to 7Aug 5, 2025 to Sep 8, 2025
- Employees · 8 to 7Aug 5, 2025 to Sep 8, 2025
- Financial planning clients · 0 to 0Aug 5, 2025 to Sep 8, 2025
- State-registered IARs · 8 to 7Aug 5, 2025 to Sep 8, 2025
- Advisory activities · 1 to 3Mar 26, 2025 to Jun 17, 2025
- Financial planning clients · unset to 0Mar 26, 2025 to Jun 17, 2025
- Accounts · 475 to 572Aug 28, 2024 to Mar 26, 2025
- Advisory employees · 6 to 8Aug 28, 2024 to Mar 26, 2025
- BD registered reps · 6 to 7Aug 28, 2024 to Mar 26, 2025
- Individual clients · 450 to 250Aug 28, 2024 to Mar 26, 2025
- Assets in custody · unset to 189928226.0Aug 28, 2024 to Mar 26, 2025
- Custody of client assets · false to trueAug 28, 2024 to Mar 26, 2025
- Employees · 10 to 8Aug 28, 2024 to Mar 26, 2025
- Insurance-licensed employees · 2 to 7Aug 28, 2024 to Mar 26, 2025
- Discretionary RAUM · $112M to $83.6MAug 28, 2024 to Mar 26, 2025
- HNW RAUM · $1.0M to $39.9MAug 28, 2024 to Mar 26, 2025
- Individual RAUM · $117M to $150MAug 28, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $6.2M to $106MAug 28, 2024 to Mar 26, 2025
- RAUM · $118M to $190MAug 28, 2024 to Mar 26, 2025
Signals
9 dated events
- Clark Douglas Stevens left X Advisors, Llc for Lpl Financial Llc (registered 2025-10-15)Oct 16, 2025 · Advisor changed firm · fact
- Matthew David Marchand left X Advisors, Llc for Pacific Point Wealth Management (registered 2025-10-13)Oct 6, 2025 · Advisor changed firm · fact
- Ben Thomas Mccollum left X Advisors, Llc for Independent Financial Group, Llc (registered 2023-09-22)Aug 27, 2025 · Advisor changed firm · fact
- Ryan Steven Gorski left X Advisors, Llc for Pacific Point Wealth Management (registered 2025-10-03)Aug 18, 2025 · Advisor changed firm · fact
- Loren James Grabau left X Advisors, Llc for Financial Gravity Family Office Services, Llc (registered 2025-08-07)Aug 18, 2025 · Advisor changed firm · fact
- Nancy Yen Chang left X Advisors, Llc for Independent Financial Group, Llc (registered 2021-09-27)Sep 19, 2024 · Advisor changed firm · fact
- X Advisors, Llc filed its initial SEC registration (Form ADV)Jul 17, 2024 · First SEC registration · fact
- James Curran left X Advisors, Llc for Oneseven (registered 2024-05-17)May 17, 2024 · Advisor changed firm · fact
- Trevor S Crane left X Advisors, Llc for Advice And Planning Services (registered 2023-03-24)Jan 13, 2023 · Advisor changed firm · 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
- 805-354-7250reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- xadvisors.coreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 805-465-9232reportedpublic record, Form ADV, May 18, 2026
- Contact form
- xadvisors.co/contact/index.htmlreportedpublished 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
- $45.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026