Scottsdale, AZ — Xcelsior Advisor Partners is proud to welcome Duffy Mathias Private Wealth, a nationally recognized wealth management team formerly of Baird Wealth Management, to its growing platform of independent advisory firms.
Duffy Mathias Private Wealth, led by Jacob Duffy, Partner, and David Mathias, Partner, oversees approximately $770 million in client assets and generates more than $4.6 million in annual revenue. The team brings decades of combined experience serving high-net-worth individuals, families, and business owners.
Duffy, who has been named to the Forbes Best-In-State Wealth Advisors list and Barron’s Top 1,200 Financial Advisors list over multiple years, is widely recognized for his disciplined investment approach and long-standing client relationships. Mathias has also earned industry recognition, including Forbes Best-In-State Wealth Advisor and Top Next-Gen Wealth Advisor honors.
Partnering with Xcelsior advances the mission of independent firms through a supported independence model built specifically for high-performing advisory teams—combining integrated infrastructure, operational resources, and access to a broad range of investment solutions intended to support advisor and client needs. The platform is designed to deliver meaningful scale and strategic autonomy, enabling advisors to structure more sophisticated client solutions, elevate the client experience, and build long-term enterprise value.
“What stood out to us was the alignment—not just philosophically, but structurally,” said Jacob Duffy. “The ability to maintain control of our business and access a deeper level of operational and investment support allows us to operate at a higher level for our clients while continuing to build something meaningful long-term.”
The firm is led by Co-CEOs Mark Peterson and Matt Curley, both former senior leaders at Baird Private Wealth Management. Together, they bring more than six decades of industry experience and a shared philosophy centered on partnership, trust, and advisor empowerment. At Xcelsior, their focus is to redefine what independence can mean for elite advisory teams—pairing high-touch, institutional-quality support with a collaborative culture that enables advisors to deliver better outcomes for their clients while building lasting enterprise value on their own terms.
“We’ve spent our careers working alongside advisors at the highest level, and we understand what it takes to build and sustain a great business,” said Mark Peterson, Co-CEO of Xcelsior Advisor Partners. “Teams like Duffy Mathias Private Wealth are thoughtful, client-first, and deeply committed to their craft. Our role is to create an environment where they can continue to grow on their own terms, with the right support behind them.”
“There’s a clear shift underway at the highest levels of our industry,” said Matt Curley, Co-CEO. “Some of the most respected advisory teams are choosing to operate with greater control, stronger alignment, and a long-term ownership mindset. We’re proud to partner with teams who are building enduring businesses—not just managing them.”
Their transition reflects a broader shift among top-performing advisory teams seeking greater alignment between their business, their clients, and their long-term vision.
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About Xcelsior Advisor Partners
Xcelsior Advisor Partners is a rapidly growing independent RIA platform built to empower financial advisors pursuing greater flexibility, increased solutions for their clients and enhanced economics, including a firm equity ownership opportunity. Led by deeply experienced industry leaders, the firm provides integrated operational, compliance, and technology resources designed to simplify complexity and support growth, while allowing advisors to maintain control of their businesses. As an independently owned firm, Xcelsior aligns its platform with the evolving needs of advisors and the clients they serve.
Disclosures
Investment advisory services are offered by Xcelsior Advisor Partners, a registered investment adviser. Securities are offered through Simplicity Investments, a member of FINRA/SIPC. Xcelsior Advisor Partners is not affiliated with Simplicity Investments.
Statements regarding future growth, capabilities, or outcomes are forward-looking and are not guarantees of future results.
The related content may include testimonials from current clients of [FIRM NAME] or endorsements from other third parties. These statements reflect the individual’s personal experience or opinion and may not be representative of the experience of all clients or users. Unless otherwise stated, no cash or non-cash compensation was provided in connection with any testimonial or endorsement. Testimonials or endorsements should not be viewed as a guarantee of future results, investment performance, or client experience. The speaker’s relationship with the Firm may create a conflict of interest.
The Forbes Best-In-State Wealth Advisors and Top Next-Gen Wealth Advisors rankings are published annually by Forbes and awarded based on data provided by participating firms and independent research conducted by SHOOK Research, LLC. The Barron’s Top 1,200 Financial Advisors ranking is published annually by Barron’s and is based on criteria including assets under management, revenue, regulatory record, quality of practice, and other factors. Rankings are based on information as of the time of evaluation and are not indicative of future performance or client experience. Neither Forbes nor Barron’s rankings are indicative of any client’s experience, and no compensation was provided in exchange for these rankings unless otherwise noted.
MEDIA:
Max Rathman
National Director of Branch Development
612-454-5368
max.r@xcelp.com