Xml Financial, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 284987
· SEC file 801-108376
· Bethesda, MD
· x.com
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ADV data as of Jun 02, 2026
- Regulatory AUM
- $3.3B
- Discretionary
- $2.5B
- Clients
- 2,944
- Avg AUM / client
- $1.1M
- Accounts
- 5,987
- Employees
- 54
AUM over time
$0
$3.3B
Sep 2016
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 02, 2026
Investments (13F portfolio — 421 positions, $1,239,487,241)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Schwab Strategic Tr | US LCAP GR ETF | $47,515,613 | 1,631,157 | 3.83% | 1.44% |
| 2 | Ishares Tr | CORE DIV GRWTH | $40,427,111 | 576,049 | 3.26% | 1.23% |
| 3 | Schwab Strategic Tr | US LCAP VA ETF | $37,949,632 | 1,244,250 | 3.06% | 1.15% |
| 4 | Ishares Tr | RUS 1000 GRW ETF | $30,287,903 | 71,032 | 2.44% | 0.92% |
| 5 | Ishares Tr | RUS 1000 ETF | $29,438,444 | 82,562 | 2.38% | 0.89% |
| 6 | Apple Inc | COM | $29,217,668 | 115,126 | 2.36% | 0.89% |
| 7 | Vanguard World Fd | INF TECH ETF | $25,393,219 | 36,394 | 2.05% | 0.77% |
| 8 | Ishares Tr | CORE S&P500 ETF | $23,737,510 | 36,340 | 1.92% | 0.72% |
| 9 | Ishares Tr | RUS MID CAP ETF | $23,097,409 | 237,554 | 1.86% | 0.7% |
| 10 | Vanguard Bd Index Fds | SHORT TRM BOND | $21,292,279 | 271,551 | 1.72% | 0.65% |
| 11 | Microsoft Corp | COM | $20,765,584 | 56,098 | 1.68% | 0.63% |
| 12 | Pimco Corporate & Income Opp | COM | $19,188,027 | 1,591,047 | 1.55% | 0.58% |
| 13 | Spdr Gold Tr | GOLD SHS | $18,419,585 | 42,807 | 1.49% | 0.56% |
| 14 | Pimco Etf Tr | INV GRD CRP BD | $17,833,252 | 184,228 | 1.44% | 0.54% |
| 15 | Spdr Series Trust | STATE STREET SPD | $17,070,596 | 186,523 | 1.38% | 0.52% |
| 16 | Berkshire Hathaway Inc Del | CL B NEW | $16,213,962 | 33,835 | 1.31% | 0.49% |
| 17 | Goldman Sachs Etf Tr | ACCESS US AGRAT | $15,407,319 | 372,878 | 1.24% | 0.47% |
| 18 | Johnson & Johnson | COM | $15,372,580 | 62,889 | 1.24% | 0.47% |
| 19 | Ishares Tr | U.S. FINLS ETF | $13,381,033 | 113,726 | 1.08% | 0.41% |
| 20 | Goldman Sachs Etf Tr | ACTIVEBETA US LG | $12,846,293 | 102,663 | 1.04% | 0.39% |
| 21 | Spdr Series Trust | STATE STREET SPD | $12,661,686 | 160,153 | 1.02% | 0.38% |
| 22 | Pacer Fds Tr | US CASH COWS 100 | $12,657,659 | 202,328 | 1.02% | 0.38% |
| 23 | Schwab Strategic Tr | US DIVIDEND EQ | $12,371,043 | 403,228 | 1.0% | 0.38% |
| 24 | Vanguard Scottsdale Fds | INT-TERM CORP | $11,932,761 | 144,203 | 0.96% | 0.36% |
| 25 | Nvidia Corporation | COM | $11,688,801 | 67,023 | 0.94% | 0.35% |
Top 25 of 421 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2,057 | $1.8B | 55.4% |
| High net worth individuals | 833 | $1.4B | 41.2% |
| Pension and profit sharing plans | 22 | $26.5M | 0.8% |
| Charitable organizations | 13 | $7.7M | 0.23% |
| Corporations and other businesses | 19 | $79.0M | 2.4% |
People (30)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Brett Shane Bernstein | Chief Executive Officer | CFP | Oct 2016 (10y) | Less than 5% |
| Robert David Kantor | Chief Investment Officer | Oct 2016 (10y) | Less than 5% | |
| Curtis Jeffrey Congdon | President | CFP | Feb 2019 (8y) | Less than 5% |
| Jennifer Lara Szaro | Chief Compliance Officer | Feb 2019 (8y) | Less than 5% | |
| Kullen, Todd | Chief Operating Officer | Feb 2019 (8y) | Less than 5% | |
| Mark Dale Samson | Principal | Jul 2022 (4y) | Less than 5% | |
| Jason Elliot Klopman | Registered representative | CFP | Oct 2016 (10y) | |
| Kevin P Peters | Registered representative | Oct 2016 (10y) | ||
| Noorjahan Enayat | Registered representative | CFP | Oct 2016 (10y) | |
| John Eric Wightman | Registered representative | Jul 2017 (9y) | ||
| Michelle Perim Cooper | Registered representative | Mar 2018 (8y) | ||
| Beth J Levine | Registered representative | Feb 2019 (8y) | ||
| John Richard May | Registered representative | CFP | Feb 2019 (8y) | |
| Lauren Kathryn O'brien | Registered representative | CFP | Feb 2019 (8y) | |
| Steven Farnham Collins | Registered representative | Feb 2019 (8y) | ||
| David B Margulies | Registered representative | Feb 2019 (7y) | ||
| Alexandra Kantarski | Registered representative | CFP | Feb 2019 (7y) | |
| John James Sciuto | Registered representative | Jun 2019 (7y) | ||
| Nicole A Treiber | Registered representative | Sep 2019 (7y) | ||
| Sharon Lynn Abbey | Registered representative | Jan 2020 (7y) | ||
| Jordan Ross Vanoort | Registered representative | CFP CFA | Sep 2021 (5y) | |
| Meredith Wade | Registered representative | Sep 2021 (5y) | ||
| Stephen Adam Clagett | Registered representative | Sep 2021 (5y) | ||
| Radley L Ellenbogen | Registered representative | CFP | Mar 2022 (4y) | |
| Douglas Callan | Registered representative | CFA | Jul 2022 (4y) | |
| Jennifer Bixler Telesca | Registered representative | Jul 2022 (4y) | ||
| Sharon Marie Cirillo | Registered representative | Jul 2022 (4y) | ||
| Shawna T Bieda | Registered representative | CFP | Aug 2022 (4y) | |
| Benjamin Kollender | Registered representative | Aug 2024 (2y) | ||
| Zachary Scott Weaver | Registered representative | CFP Chartered Financial Consultant | Mar 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Focus Operating, Llc | Member (Manager) | Oct 2016 | A | 75% or more |
| Focus Financial Partners, Llc | Member | Jan 2007 | B | ≈ 56.25% – 100% via Focus Operating, Llc |
| Focus Financial Partners Inc. | Member | Jul 2018 | B | ≈ 42.19% – 100% via Focus Financial Partners, Llc |
| Ferdinand Ffp Parent, Inc. | Member | Aug 2023 | B | ≈ 17.8% – 100% via Ferdinand Ffp Intermediate Holdings, Llc |
| Ferdinand Ffp Acquisition, Llc | Shareholder, Class A Common Stock | Aug 2023 | B | ≈ 31.64% – 100% via Focus Financial Partners Inc. |
| Ferdinand Ffp Ultimate Holdings, Lp | Shareholder, Class B Common Stock | Aug 2023 | B | ≈ 31.64% – 100% via Focus Financial Partners Inc. |
| Ferdinand Ffp Intermediate Holdings, Llc | Member | Aug 2023 | B | ≈ 23.73% – 100% via Ferdinand Ffp Acquisition, Llc |
| Cd&R Ferdinand Holdings, L.P. | Partner | Aug 2023 | B | ≈ 15.82% – 75% via Ferdinand Ffp Ultimate Holdings, Lp |
| Clayton, Dubilier & Rice Fund Xii, L.P. | Partner | Aug 2023 | B | ≈ 7.91% – 56.25% via Cd&R Ferdinand Holdings, L.P. |
| Cd&R Ferdinand Co Investor, L.P. | Partner | Aug 2023 | B | ≈ 3.96% – 37.5% via Cd&R Ferdinand Holdings, L.P. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Focus Financial Partners, Llc: 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Focus Financial Partners Inc.: 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ferdinand Ffp Parent, Inc.: 75% – 100% of Ferdinand Ffp Intermediate Holdings, Llc × 75% – 100% of Ferdinand Ffp Acquisition, Llc × 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Ferdinand Ffp Acquisition, Llc: 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ferdinand Ffp Ultimate Holdings, Lp: 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ferdinand Ffp Intermediate Holdings, Llc: 75% – 100% of Ferdinand Ffp Acquisition, Llc × 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Cd&R Ferdinand Holdings, L.P.: 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Clayton, Dubilier & Rice Fund Xii, L.P.: 50% – 75% of Cd&R Ferdinand Holdings, L.P. × 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 7.91% – 56.25% of the firm
- Cd&R Ferdinand Co Investor, L.P.: 25% – 50% of Cd&R Ferdinand Holdings, L.P. × 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 3.96% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/02/2026 | 1.15 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Wells Fargo $2.2B (68% of AUM) Jun 2026
- National Financial Services (Fidelity) $991M (30% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 02, 2026.
View current Form ADV (SEC/IAPD) ↗