David B. Margulies

XML FINANCIAL GROUP

St. Petersburg, FL

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CRD#: 1629190

Professional summary

David B Margulies, who also goes by David B Marguiles, is a registered financial advisor currently at XML FINANCIAL GROUP located in St. Petersburg, Florida and XML SECURITIES located in Bethesda, Maryland.

David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1987. David has worked at 7 firms and has passed the Series 65, Series 63, SIE, Series 31 and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

David B Marguiles

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

1. (1/2023) rental properties, non-investment related, from residence, property owner with spouse 1Hr/month/trading.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view David B Margulies's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

February 5, 2019 - Present

XML FINANCIAL GROUP

RIA

CRD#: 284987

St. Petersburg, FL

Current

November 2, 2017 - Present

XML SECURITIES

Office #1: 6901 Rockledge Drive Suite 730, Bethesda, MD 20817

CRD#: 145589

Bethesda, MD

Past

November 3, 2017 - February 1, 2019

XML SECURITIES

RIA

CRD#: 145589

St. Petersburg, FL

Past

June 1, 2009 - November 3, 2017

MORGAN STANLEY

RIA

CRD#: 149777

WASHINGTON, DC

Past

June 1, 2009 - November 3, 2017

MORGAN STANLEY

CRD#: 149777

WASHINGTON, DC

Past

September 15, 2008 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

RIA

CRD#: 7059

WASHINGTON, DC

Past

August 22, 2008 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

CRD#: 7059

WASHINGTON, DC

Past

April 2, 2007 - August 26, 2008

MORGAN STANLEY & CO. LLC

RIA

CRD#: 8209

WASHINGTON, DC

Past

April 2, 2007 - August 26, 2008

MORGAN STANLEY & CO. LLC

CRD#: 8209

WASHINGTON, DC

Past

October 18, 1999 - April 2, 2007

MORGAN STANLEY DW INC.

RIA

CRD#: 7556

WASHINGTON, DC

Past

September 7, 1999 - April 2, 2007

MORGAN STANLEY DW INC.

CRD#: 7556

WASHINGTON, DC

Past

March 27, 1987 - November 2, 1999

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CRD#: 7691

NEW YORK, NY

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

XML FINANCIAL GROUP

CRD#: 284987 / SEC#: 801-108376

RIA

Registered Investment Advisory firm - (9/12/2016 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

California
(12/12/2017)

Colorado
(12/13/2017)

Delaware
(11/2/2017)

District of Columbia
(11/2/2017)

Florida
(11/2/2017)

IAR

Florida
(5/20/2019)

Georgia
(12/13/2017)

Illinois
(12/13/2017)

Indiana
(6/4/2024)

Maryland
(11/2/2017)

Minnesota
(11/2/2017)

New York
(12/13/2017)

North Carolina
(11/2/2017)

Oregon
(12/14/2017)

Pennsylvania
(11/2/2017)

South Carolina
(11/2/2017)

Tennessee
(8/30/2022)

Texas
(11/2/2017)

IAR

Texas
(1/3/2022)

Virginia
(11/2/2017)

IAR

Virginia
(2/5/2019)

Washington
(1/27/2022)

West Virginia
(11/2/2017)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 12/17/1993

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 4/13/1987

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 31

Date: 3/12/2003

Futures Managed Funds Examination

General Industry/Product Exam

Series 7

Date: 3/21/1987

General Securities Representative Examination

SRO Registrations

FINRA

Current Firm

XML FINANCIAL GROUP

CRD#: 284987 / SEC#: 801-108376

RIA

Registered Investment Advisory firm - (9/12/2016 Approved)

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Contact information

Main Address

6901 Rockledge Drive Suite 730, Bethesda, MD 20817

Mailing Address

Phone number

(301) 770-5234

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (46 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

WRAP-FEE PROGRAM BROCHURE FOR XML FINANCIAL, LLC (3/28/2025)

ADV 2A BROCHURE FOR XML FINANCIAL, LLC (3/28/2025)

Regulatory assets under management

Total Number of Accounts	6,044
AUM (Assets Under Management)	$ 2,993,236,597

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
07/19/2024	Cover Page	Report
07/19/2023	Cover Page	Report
11/21/2022	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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David B. Margulies

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view David B Margulies's CRS (Customer Relationship Summary).

Certified licenses

Experience

XML SECURITIES

XML SECURITIES

MORGAN STANLEY

MORGAN STANLEY

CITIGROUP GLOBAL MARKETS INC.

CITIGROUP GLOBAL MARKETS INC.

MORGAN STANLEY & CO. LLC

MORGAN STANLEY & CO. LLC

MORGAN STANLEY DW INC.

MORGAN STANLEY DW INC.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Primary Firm SEC Registration

XML FINANCIAL GROUP

State Registrations and Notice Filings

Exams

Series 65

Date: 12/17/1993

Series 63

Date: 4/13/1987

SIE

Date: 10/1/2018

Series 31

Date: 3/12/2003

Series 7

Date: 3/21/1987

FINRA

Current Firm

XML FINANCIAL GROUP

Contact information

SEC notice filing (46 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

XML FINANCIAL GROUP

TRUST BUT VERIFY

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