Cooper Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Cooper Financial Services reports 1,335 clients. They include 1,284 individual clients and 51 high-net-worth individuals. Of its assets, 100.0% ($184M across 1,576 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 39% |
| High-net-worth individuals | 4% | 61% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,284 | $72.2M | 39.2% | $56.2K |
| High-net-worth individuals | 51 | $112M | 60.8% | $2.19M |
| Total | 1,335 | $184M | 100% | $138K |
- Clients
- 1,284
- Regulatory AUM
- $72.2M
- AUM share
- 39.2%
- Avg. per client
- $56.2K
- Clients
- 51
- Regulatory AUM
- $112M
- AUM share
- 60.8%
- Avg. per client
- $2.19M
Total
- Clients
- 1,335
- Regulatory AUM
- $184M
- AUM share
- 100%
- Avg. per client
- $138K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Cooper Financial Services charges 0.75%–1.50% a year for its Investment Supervisory Services. The fee is billed in advance or in arrears and is negotiable.
Fee details and sources
Michael Butler owns 50% to 75% of Cooper Financial Services. Michael Butler is CEO; the leadership team includes President Steven Butler. It has 3 employees, 2 of them in advisory roles.
Leadership
- Michael ButlerChief Compliance Officer/ Chief Executive Officer/ Shareholder/Chairman
Steven ButlerVice President
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Thomas Dekari Kerney
Staff
- 3 employees
- 2 in advisory functions
- 3 state-registered reps
- 3 broker-dealer reps
- 2 insurance agents
- Owns 50% to 75% of Cooper Financial Services, Inc.
Michael Butler
Control person · since July 2016
- Owns 10% to 25% of Cooper Financial Services, Inc.
Steven Butler
Control person · since March 2022
Cooper Financial Services’ regulatory assets grew from $165M (June 2021) to $184M (May 2026); clients rose from 304 to 1,335 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $184M | 1,335 | 3 | 1 |
| June 2025 | $196M | 1,335 | 4 | 2 |
| May 2024 | $171M | 362 | 4 | 2 |
| May 2023 | $157M | 327 | 4 | 1 |
| May 2022 | $158M | 278 | 4 | 1 |
| June 2021 | $165M | 304 | 4 | 1 |
Besides its headquarters, Cooper Financial Services has 0 offices, with 1 listed address in Connecticut.
Connecticut · 1 listed address
- 1000 Bridgeport Avenue, Suite 308, SheltonHQ
Contact and registration details
- Legal name
- Cooper Financial Services, Inc.
- Headquarters
- 1000 Bridgeport Avenue, Suite 308, Shelton, CT 06484
- Website
- cooperfinservices.com
- Phone
- 203-248-1972
- SEC file
- 801-24288
- Structure
- Connecticut corporation
- Fiscal year end
- March
Cooper Financial Services uses Fidelity ($29.6M) as custodian for its separately managed accounts. Cooper Financial Services does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC, (CRD# 7784) · Smithfield, RI · $29.6M100%
At year end, Cooper Financial Services’ separately managed accounts were mostly in funds (51%) and stocks (30%).
What the accounts hold
- Stocks30%
- Funds51%
- Bonds11%
- U.S. government and agency bonds6%
- State and local bonds3%
- Investment grade corporate bonds2%
- Cash8%
How many clients does Cooper Financial Services have?
Cooper Financial Services has 1,335 clients and manages $184 million for them, as of May 2026. They include 1,284 individual clients and 51 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 May 2026
What services does Cooper Financial Services offer?
Cooper Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cooper Financial Services charge?
Cooper Financial Services charges 0.75%–1.50% a year for its Investment Supervisory Services. The fee is billed in advance or in arrears and is negotiable.
Source: COOPER FINANCIAL SERVICES INC FORM ADV PART 2A 2026-0601, filed 26 May 2026
Which custodians does Cooper Financial Services use?
Cooper Financial Services’ separately managed account assets are held at Fidelity Brokerage Services LLC, (CRD# 7784) (Smithfield, RI), with $29.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 May 2026
How many financial advisors does Cooper Financial Services have?
Cooper Financial Services has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cooper Financial Services invest in?
At the end of its last fiscal year, Cooper Financial Services’ separately managed accounts held 51% registered funds (mutual funds, ETFs, BDCs), 30% exchange-traded equities, 8% cash and equivalents, 6% U.S. government and agency bonds, 3% state and local bonds and 2% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cooper Financial Services?
Cooper Financial Services’ direct owners are Michael Butler (50% to 75%) and Steven Butler (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 May 2026
How does Cooper Financial Services get paid?
Cooper Financial Services is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cooper Financial Services?
Cooper Financial Services’ main office is at 1000 Bridgeport Avenue, Suite 308, Shelton, CT 06484. Its phone number is 203-248-1972. Its website is cooperfinservices.com.