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•• W•••••• L••
Latest filing Mar 12, 2026
First filing on the tape Jul 18, 2024 · 9 filings
SEC status approved since Aug 16, 2024
RAUM
$532M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$532M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$177M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$532M as of Mar 12, 2026
Feb 19, 2025$203M then
HNW client RAUM$528M as of Mar 12, 2026
Feb 19, 2025$199M then
State-registered IARs (5.B.3)2 as of Mar 12, 2026
Feb 19, 20252 then
Employees (5.A)5 as of Mar 12, 2026
Feb 19, 20255 then
Private funds: no history
RAUM +162% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Mar 12, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $177MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 29derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.5MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +162%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +248%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $105M, 38 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
- 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)
- 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$528M99%
- Individuals$3.3M0.6%
- Individual clients
- 6reported
- HNW clients
- 81reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 380reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $105M for 38 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• C•••••••• | Chicago, Il | Aug 27, 2024 | 20 y | 1 |
| R••• M•••••• R••••••• | Chicago, Il | Jun 1, 2026 | 9 y | 0 |
| K••• M•••••• N•••••Certified Financial Planner | Chicago, Il | Jul 15, 2026 | 15 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- K••• M•••••• N••••• from C••• P•••••• W••••• A•••••••• I•••Jul 15, 2026 · Affiliated broker-dealer or bank to independent RIA
- M•••••• C•••••••• from M•• C•••••• M••••••••• L••Aug 27, 2024 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H•••••••• T••••• M•••• · Membercontrolsince 08/2024 · owns 10% to 25%
- N•••••• K•••• M•••••• · Member & Chief Compliance Officercontrolsince 08/2024 · owns less than 5%
- C••••••••• M•••••• · Ownercontrolsince 08/2024 · owns 75% or more of F••••• S••••• L••
- N•••••• K•••• M•••••• · Ownercontrolsince 08/2024 · owns 75% or more of B•••••• X•• L••
Entity owners
- B•••••• X•• L•• · Ownerdirect · owns 25% to 50%
- F••••• S••••• L•• · Ownerdirect · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Chicago, Il · principal | 3 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 12, 2026RAUM (Item 5.F) moved from $202,714,835 to $531,547,477 (+162.0%) between the annual amendments of 2025-02-19 and 2026-03-12; the peer median change was +16.0% (1385 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,385) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 103 to 380Jun 24, 2025 to Mar 12, 2026
- HNW clients · 19 to 81Jun 24, 2025 to Mar 12, 2026
- Assets in custody · $40.5M to $105MJun 24, 2025 to Mar 12, 2026
- Discretionary RAUM · $203M to $531MJun 24, 2025 to Mar 12, 2026
- HNW RAUM · $199M to $528MJun 24, 2025 to Mar 12, 2026
- Individual RAUM · $3.3M to $3.3MJun 24, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $15,523 to $463,312Jun 24, 2025 to Mar 12, 2026
- RAUM · $203M to $532MJun 24, 2025 to Mar 12, 2026
- Financial planning clients · unset to Feb 19, 2025 to Jun 24, 2025
- Accounts · 86 to 103Dec 4, 2024 to Feb 19, 2025
- Advisory employees · 3 to 2Dec 4, 2024 to Feb 19, 2025
- HNW clients · 16 to 19Dec 4, 2024 to Feb 19, 2025
- Individual clients · 5 to 6Dec 4, 2024 to Feb 19, 2025
- Assets in custody · $34.4M to $40.5MDec 4, 2024 to Feb 19, 2025
- State-registered IARs · 3 to 2Dec 4, 2024 to Feb 19, 2025
- Discretionary RAUM · $183M to $203MDec 4, 2024 to Feb 19, 2025
- HNW RAUM · $181M to $199MDec 4, 2024 to Feb 19, 2025
- Individual RAUM · $2.5M to $3.3MDec 4, 2024 to Feb 19, 2025
- Non-discretionary RAUM · $0 to $15,523Dec 4, 2024 to Feb 19, 2025
- RAUM · $183M to $203MDec 4, 2024 to Feb 19, 2025
- Accounts · 0 to 86Sep 11, 2024 to Dec 4, 2024
- HNW clients · unset to 16.0Sep 11, 2024 to Dec 4, 2024
- Individual clients · unset to 5.0Sep 11, 2024 to Dec 4, 2024
- Assets in custody · $0 to $34.4MSep 11, 2024 to Dec 4, 2024
- Employees · 3 to 5Sep 11, 2024 to Dec 4, 2024
- Discretionary RAUM · $0 to $183MSep 11, 2024 to Dec 4, 2024
- HNW RAUM · unset to 180619427.0Sep 11, 2024 to Dec 4, 2024
- Individual RAUM · unset to 2511330.0Sep 11, 2024 to Dec 4, 2024
- RAUM · $0 to $183MSep 11, 2024 to Dec 4, 2024
- Advisory employees · 1 to 3Jul 18, 2024 to Aug 22, 2024
- Business name · U•••• O•••• L•• to Z••••• W•••••• L••Jul 18, 2024 to Aug 22, 2024
- Employees · 2 to 3Jul 18, 2024 to Aug 22, 2024
- State-registered IARs · 1 to 3Jul 18, 2024 to Aug 22, 2024
- Legal name · U•••• O•••• L•• to Z••••• W•••••• L••Jul 18, 2024 to Aug 22, 2024
- Business name · Z••••• W•••••• L•• to X•• W•••••• L••Aug 22, 2024 to Aug 22, 2024
- HQ city · unset to CHICAGOAug 22, 2024 to Aug 22, 2024
- HQ state · unset to ILAug 22, 2024 to Aug 22, 2024
- Legal name · Z••••• W•••••• L•• to X•• W•••••• L••Aug 22, 2024 to Aug 22, 2024
Signals
4 dated events
- X•• W•••••• L•• reported RAUM $531.5M, up 162% from $202.7M (2025-06-24 to 2026-03-12)Mar 12, 2026 · RAUM change · derived
- Marie Tracy H••••••• (Member) appeared on Schedule A of X•• W•••••• L••Aug 22, 2024 · Control person joined · fact
- Michael Kurt Newsom (Member & Chief Compliance Officer) appeared on Schedule A of X•• W•••••• L••Aug 22, 2024 · Control person joined · fact
- U•••• O•••• L•• filed its initial SEC registration (Form ADV)Jul 18, 2024 · 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 email
- c••••••@x••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- t•••••••••@x••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 312-300-2671reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 312-300-2672reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 312-300-2670reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/xxi-wealthreportedpublic record, Form ADV, Sep 18, 2026
- Website
- x••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (312) 300-2670reportedpublic record, Form ADV, Mar 12, 2026
- Contact form
- x••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- x••••••••.comreportedpublished by the firm, firm site, Sep 15, 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
- $177Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026