Alpha Kappa Psi is recognized as the world's premier co-ed professional business fraternity. Founded in 1904 at New York University, the fraternity was created on the basis of four ideals:

1. Further the individual welfare of its members,
2. Foster scientific research in the fields of Commerce, Accounts, and Finance,
3. Educate the community to appreciate and demand higher ideals within; and
4. Promote and develop in institutions of college rank, courses leading to degrees in Business Administration.

Over the past century, membership has grown to more than 200,000 worldwide. The guiding principles are as strong today as they were 100 years ago: Building Brotherhood, Lifelong Learning, High Ethical Standards, Improving Communities, and Enhancing the Fraternity for Life.

In 1972, the Iota Xi Chapter was founded at Arizona State University. Since then, our brothers have built a legacy and a name for Alpha Kappa Psi through service and leadership in the community. Our chapter provides a unique college experience that balances accelerated professional development with the strongest bonds of brotherhood.

The Iota Xi Chapter at Arizona State University has gained national exposure through the several events it has created to assist the community. Events include:

• Mangeant - a male beauty pageant supporting Best Buddies, an organization dedicated to assisting individuals with intellectual disabilities.
• Biz Olympics - a competitive event held between all business organizations at Arizona State University, aimed toward bringing together the brightest minds on campus.
• AZAFAP Picnic - a picnic hosted every semester by each incoming pledge class where all proceeds go toward the Arizona Association for Foster and Adoptive Parents.
• Helping Hand Run - a 5k run held benefiting Hospice of the Valley, all proceeds went to the Hospice and their families.

The AKPsi Open is another event ran by Iota Xi. The AKPsi Open is teamed together with DSNetwork to raise awareness and donate all proceeds to their cause.