AdvisorCensus / Financial advisors / District of Columbia / Washington / Cope Connelly
Cope Connelly is an SEC-registered investment advisory firm in Arlington, VA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 23, 2026.
Quick answers
From the filingHow is Cope Connelly compensated?
On its Form ADV (Item 5.E, October 2026), Cope Connelly reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Cope Connelly located?
Cope Connelly's principal office is in Arlington, VA, according to its Form ADV.
Is Cope Connelly registered with the SEC or a state?
Cope Connelly is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 311665.
How much does Cope Connelly manage?
Cope Connelly reports $151,094,700 in regulatory assets under management in its Form ADV filing dated July 23, 2026 (100% discretionary).
How have Cope Connelly's assets and staff changed since 2022?
In the Form ADV data for Cope Connelly: Regulatory assets under management: $136,286,386 in the October 2022 data and $151,094,700 in the October 2026 data, up 11%. Total employees: 7 in October 2022 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Cope Connelly serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (71); high net worth individuals (68); corporations or other businesses not listed above (20).
Which custodians does Cope Connelly use?
Cope Connelly's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Cope Connelly report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311665
Does Cope Connelly state an account minimum?
Its Form ADV Part 2A brochure dated July 23, 2026 says: "There is no minimum account size required to open or maintain an account."
What changed in Cope Connelly's recent Form ADV filings?
In the August 2026 filing data: Regulatory assets under management went from $107,648,311 to $151,094,700 (+40%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
There is no minimum account size required to open or maintain an account.
As stated in the firm's Form ADV Part 2A brochure dated July 23, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$151,094,700 as of October 2026, filing dated July 23, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- XPS Capital LLC
- Also doing business as
- COPE CONNELLY, GOVCONWEALTH
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 6. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $151,094,700 | 6 | July 23, 2026 |
| October 2025 | $79,097,835 | 6 | July 1, 2025 |
| October 2024 | $153,447,243 | 6 | August 20, 2024 |
| October 2023 | $140,851,141 | 6 | September 22, 2023 |
| October 2022 | $136,286,386 | 7 | September 26, 2022 |
Regulatory assets under management: $136,286,386 in the October 2022 data and $151,094,700 in the October 2026 data, up 11%.
Total employees: 7 in October 2022 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Regulatory assets under management went from $107,648,311 to $151,094,700 (+40%).
- June 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $95,314,311 to $107,648,311 (+13%).
- April 2026
- Regulatory assets under management went from $247,623,331 to $95,314,311 (-62%).
- December 2025
- Regulatory assets under management went from $79,097,835 to $247,623,331 (+213%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Cope Connelly (CRD 311665): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/cope-connelly-arlington-va-311665