Xcelsior Advisor Partners LLC

• A percentage of assets under your management
• Hourly charges
• 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

Account minimum: $500,000 (the brochure says it may be waived or negotiated)

Flat fee: up to $5,000 (financial plan)

Hourly rate: $300 an hour

As stated in the firm's Form ADV Part 2A brochure dated June 15, 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

$2,510,504,102 as of October 2026, filing dated September 27, 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

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses

Also doing business as

BV PRIVATE WEALTH, DUFFY MATHIAS PRIVATE WEALTH, EAGLE ROCK WEALTH MANAGEMENT, JOE HARDEE INVESTMENT MANAGEMENT LLC, REEG PRIVATE WEALTH LLC, VISTA WEALTH MANAGEMENT OF SCOTTSDALE, LLC, XCELSIOR PRIVATE WEALTH LLC

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2025 (1 year)

Employees

Total: 25. Performing investment advisory functions: 22.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Charles Schwab & Co., Inc.Fidelity Brokerage Services LLC

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.

Other offices (Schedule D, Section 1.F)

5 other offices, as of the October 2026 filing

Denver, COFort Worth, TXMiami Beach, FLMinnetonka, MNScottsdale, AZ

States registered or notice-filed

29 states or jurisdictions

ALAZCACODEFLIAILINKSLAMDMIMNMONCNMNYOHORPASCTNTXUTVAWAWIWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None 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

Regulatory assets under management: $150,007,226 in the October 2025 data and $2,510,504,102 in the October 2026 data, up 1574%.

Total employees: 4 in October 2025 and 25 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.

1. October 2026
   • Employees performing advisory functions went from 13 to 22.
   • Regulatory assets under management went from $650,658,720 to $2,510,504,102 (+286%).
   • Registered or notice-filed in AL, DE, KS, MD, NM, OR, SC.
2. August 2026
   • Added the business name Reeg Private Wealth LLC.
   • Registered or notice-filed in IA.
3. July 2026
   • Registered or notice-filed in IN, MO, NC, TN, UT, VA, WA, WY.
4. May 2026
   • Added the business name Duffy Mathias Private Wealth.
   • Changed its legal name from Excelsior Advisor Network LLC to Xcelsior Advisor Partners LLC.
   • Added an office in Minnetonka, MN.
   • Registered or notice-filed in MN.
5. April 2026
   • Regulatory assets under management went from $150,007,226 to $650,658,720 (+334%).
   • Employees performing advisory functions went from 4 to 13.
   • Added the business name Xcelsior Private Wealth LLC.
   • No longer lists the business name Excelsior Wealth Management LLC.
   • Changed its office addresses in Denver, CO.
   • Changed its office addresses in Scottsdale, AZ.
   • Updated its list of owners and control persons (Schedule A).
6. February 2026
   • Added the business name Excelsior Wealth Management LLC.
   • Added the business name Vista Wealth Management of Scottsdale, LLC.
   • Added an office in Denver, CO.
   • Added an office in Miami Beach, FL.
   • No longer lists an office in New York, NY.
   • Updated its list of owners and control persons (Schedule A).
7. January 2026
   • No longer lists the business name Excelsior Wealth Management LLC.
   • Registered or notice-filed in FL, MI, PA, WI.
   • Updated its list of owners and control persons (Schedule A).
8. December 2025
   • Registered or notice-filed in AZ.
9. November 2025
   • Added the business name Eagle Rock Wealth Management.
   • Added an office in Scottsdale, AZ.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.