XO Capital Acquired by Angeles Wealth — Financial Services M&A

Angeles Wealth Management, a Santa Monica-based wealth management firm, has announced the acquisition of XO Capital, a California provider of family office advisory, business management and investment oversight. The deal is intended to establish Angeles Wealth’s family office platform, branded as Angeles Family Office, combining XO Capital’s family office services with Angeles Wealth’s institutional investing and wealth management capabilities. Deal size was disclosed as over $100 million.

XO Capital, founded in 2021, serves affluent families seeking centralized coordination of investments and related operational support. For Angeles Wealth, the acquisition expands its footprint in the wealth management and family office segment, aligning with ongoing demand for integrated advisory models that blend portfolio management with broader oversight and management services. The move also strengthens Angeles Wealth’s presence in California’s private wealth market, where family office solutions are increasingly used by high-net-worth clients and multi-generational households.

The transaction is described as a platform acquisition and is currently announced, with no closing date included in the available information. Financial terms beyond the reported value were not detailed, and the announcement focuses on the creation of a dedicated family office affiliate under the Angeles Wealth umbrella.