# XML Financial Group

> XML Financial Group is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 2, 2026.

- CRD: 284987
- Filed as: XML FINANCIAL GROUP
- Legal name: XML Financial, LLC
- Also doing business as: XML FINANCIAL GROUP, XML WOMEN
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bethesda, MD
- Filing period: October 2026
- Form ADV filing dated: June 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284987
- AdvisorCensus page: https://advisorcensus.com/firm/xml-financial-group-bethesda-md-284987

## Quick answers

**How is XML Financial Group compensated?**
On its Form ADV (Item 5.E, October 2026), XML Financial Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is XML Financial Group located?**
XML Financial Group's principal office is in Bethesda, MD, according to its Form ADV; the July 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is XML Financial Group registered with the SEC or a state?**
XML Financial Group is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 284987.

**How much does XML Financial Group manage?**
XML Financial Group reports $3,298,062,805 in regulatory assets under management in its Form ADV filing dated June 2, 2026 (75% discretionary).

**How have XML Financial Group's assets and staff changed since 2021?**
In the Form ADV data for XML Financial Group: Regulatory assets under management: $1,271,693,593 in the October 2021 data and $3,298,062,805 in the October 2026 data, up 159%. Total employees: 24 in October 2021 and 54 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does XML Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,057); high net worth individuals (833); pension and profit sharing plans (but not the plan participants or government pension plans) (22).

**Which custodians does XML Financial Group use?**
XML Financial Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC and Wells Fargo Clearing Services, LLC as custodians holding 10% or more of its separately managed account assets.

**Does XML Financial Group 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/284987

**What changed in XML Financial Group's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 27 to 26. Regulatory assets under management went from $2,993,236,597 to $3,298,062,805 (+10%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC
- Wells Fargo Clearing 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.

### Regulatory assets under management (Item 5.F)
- Total: $3,298,062,805
- Discretionary: $2,487,061,599
- Non-discretionary: $811,001,206

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,057 | $1,825,679,543 |
| High net worth individuals | 833 | $1,359,124,434 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 22 | $26,491,151 |
| Charitable organizations | 13 | $7,740,054 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 19 | $79,027,623 |
| Other | Not reported | $0 |

### 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
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2016 (10 years)
- Employees: 54 total, 26 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Alexandria, VA
- Breckenridge, CO
- Fairfax, VA
- Fort Washington, PA

### Websites listed on Form ADV (Item 1.I)
- focusfinancialpartners.com
- women.xmlfg.com
- xmlfg.com
- Facebook @XMLFG
- Facebook @xmlfgw
- Instagram @xmlfg
- LinkedIn @2064318
- LinkedIn @xml-financial-group
- LinkedIn @xml-w-women-wealth-wellness
- X @XMLFinancial
- YouTube @XMLFinancialGroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,271,693,593 | 24 | October 1, 2021 |
| October 2022 | $2,257,740,308 | 41 | July 8, 2022 |
| October 2023 | $2,323,032,504 | 52 | September 28, 2023 |
| October 2024 | $2,753,502,220 | 52 | July 1, 2024 |
| October 2025 | $2,993,236,597 | 53 | March 28, 2025 |
| October 2026 | $3,298,062,805 | 54 | June 2, 2026 |

Regulatory assets under management: $1,271,693,593 in the October 2021 data and $3,298,062,805 in the October 2026 data, up 159%.
Total employees: 24 in October 2021 and 54 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 27 to 26.
- Regulatory assets under management went from $2,993,236,597 to $3,298,062,805 (+10%).

### January 2026
- Added the business name XML Women.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. XML Financial Group (CRD 284987): Form ADV filing data as of October 2026.