What XO Capital does

XO Capital was a boutique family office and investment management firm founded in 2021 by Adam Stern and Jason Oclaray, who held equal 50/50 ownership of the business. The firm was headquartered in Hoboken, New Jersey, and operated with an 11–50 employee headcount, serving a narrow client base of ultra-high-net-worth families with complex, multigenerational wealth needs. At the time of acquisition, XO Capital managed approximately $186 million in client assets.

The firm offered two core service lines: family office services and investment management. Family office services encompassed customized reporting, cash-flow oversight, bill pay, and investment deal execution, designed to coordinate the administrative and financial affairs of multigenerational households. Investment management delivered institutional-style portfolio strategies to wealthy families and individuals. Revenue was generated through advisory and management fees calculated on assets under management, consistent with a recurring subscription-style model typical of registered investment advisors. The firm operated a direct, relationship-driven distribution model with no disclosed marketing channels, and pricing was not publicly disclosed.

In January 2026, XO Capital was acquired by Angeles Wealth Management, an SEC-registered investment advisor based in Santa Monica with offices in New York, Houston, and Dallas. The transaction was Angeles Wealth's first acquisition and was delayed by a U.S. government shutdown that paused SEC approval. Upon closing, XO Capital became the foundation for a newly created Angeles Family Office (AFO) division, and its co-founders were appointed CEO and President of the new division. The combined platform oversees more than $2.6 billion in assets under management, creating a comprehensive offering for ultra-high-net-worth families that combines discretionary portfolio management with dedicated family office services.

Name

XO Capital

Legal name

XO Capital

Website

https://xo.team

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

11–50 employees

Short description

XO Capital is a boutique family office and investment management firm serving ultra-high-net-worth families with multigenerational wealth needs. Founded in 2021, it was acquired by Angeles Wealth Management in January 2026.

Ownership category

akta.pro rank

Product category

Private Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (52592)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Family Office Services (Single & Multi-Family Office) (FSABADAF)

akta.pro secondary industries

Family Office Administration & Operations (Accounting, Reporting, Payroll) (FSAAADAD), Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC), Single-Family Offices (SFOs) (FSAAADAA)

Keywords

• Boutique family office services
• Private wealth management
• Investment management services
• Multigenerational wealth planning
• Ultra-high-net-worth advisory

Headquarters

HQ city

Hoboken

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Advisory and Management Fees: XO Capital generated revenue through advisory fees and investment management services based on assets under management, serving ultra-high-net-worth families with complex wealth needs.

Core offering

XO Capital provided boutique family office and investment management services to ultra-high-net-worth families with complex, multigenerational wealth needs. Core deliverables included customized reporting, cash-flow oversight, bill pay, investment deal execution, and institutional-style investment management delivered through a personalized, relationship-led service model.

Differentiator

Problem solved

Functional benefit

Products and services

• Family Office Services Boutique family office services for ultra-high-net-worth clients with complex, multigenerational wealth needs. Includes customized reporting, cash-flow oversight, bill pay, and coordinated execution of investment deals to integrate investment, administrative, and estate functions for wealthy families.
• Investment Management Investment management services for wealthy families and individuals, providing institutional-style investing approaches tailored to multigenerational wealth preservation and growth objectives.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Angeles Wealth ManagementflagshipStrategic or Co-development Partner · 1 January 2026Angeles Wealth Management acquired XO Capital in January 2026, integrating XO's family office services with Angeles Wealth's discretionary portfolio management expertise. The combined entity oversees more than $2.6 billion in assets under management, creating a comprehensive offering for ultra-high-net-worth families.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• GenTrust: Boutique wealth management firm offering investment advisory, family office, and planning services to UHNW individuals and families; highly comparable boutique UHNW model.
• Aspiriant: Independent wealth management firm focused on HNW/UHNW households with planning, investment, and family-office-style services; similar boutique positioning and recurring AUM-based fee model.
• Wilmington Trust: Wealth advisory and family office services firm offering investment management, trust services, and planning for wealthy families; comparable in providing integrated investment and administrative family office services.
• Crestwood Advisors: Independent RIA serving UHNW families with customized investment, tax, and multigenerational planning; overlaps directly with XO Capital's wealth and investment management offering.
• Bessemer Trust: Multi-family office serving ultra-high-net-worth families with investment management, estate planning, and family office services; directly comparable to XO Capital's UHNW multigenerational wealth offering.
• Glenmede: Wealth and investment manager serving UHNW families, endowments, and foundations with multigenerational planning and discretionary investment services; closely aligned with XO Capital's target client and service mix.

Broad incumbents

• Sanctuary Wealth: Wealth platform supporting independent advisors and family offices serving HNW and UHNW clients; comparable through shared clientele and family-office-style service delivery.
• Rockefeller Capital Management: Large multi-channel wealth manager serving UHNW individuals and families with investment, family office, and planning services; broader incumbent with overlapping capabilities to XO's niche.
• Brown Brothers Harriman: Established private bank and wealth manager offering investment management, trust, and family office services to UHNW families across multiple geographies.

Others

• Angeles Wealth Management: SEC-registered RIA in Santa Monica providing discretionary portfolio management and wealth services to HNW families; comparable as the acquirer and parent platform integrating XO Capital's family office capabilities into Angeles Family Office.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XO Capital