{"url":"https://nivawealth.com/firms/cooper-financial-services-104671","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/104671","regulatoryAum":184105399,"crd":"104671","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6318239","suffix":null,"lastName":"BUTLER","firstName":"MICHAEL","middleName":"JAMES"},{"crd":"7410569","suffix":null,"lastName":"Butler","firstName":"Steven","middleName":"Gregory"},{"crd":"5581521","suffix":null,"lastName":"KERNEY","firstName":"THOMAS","middleName":"DEKARI"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-06-01","regulatoryAum":164674543,"clients":304,"employees":4,"offices":1},{"filedOn":"2022-05-31","regulatoryAum":158435835,"clients":278,"employees":4,"offices":1},{"filedOn":"2023-05-30","regulatoryAum":157479588,"clients":327,"employees":4,"offices":1},{"filedOn":"2024-05-31","regulatoryAum":170512440,"clients":362,"employees":4,"offices":2},{"filedOn":"2025-06-25","regulatoryAum":195592113,"clients":1335,"employees":4,"offices":2},{"filedOn":"2026-05-26","regulatoryAum":184105399,"clients":1335,"employees":3,"offices":1}],"secFileNumber":"801-24288","legalName":"Cooper Financial Services, Inc.","displayName":"Cooper Financial Services","slug":"cooper-financial-services-104671","website":"https://cooperfinservices.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/104671/2824583a6767906c-r1.webp","tone":"light","width":611,"height":200,"sourceUrl":"https://www.cooperfinservices.com/","sourceLabel":"Cooper Financial Services, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Connecticut corporation","fiscalYearEnd":"March","headquarters":{"street":"1000 Bridgeport Avenue, Suite 308","city":"Shelton","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06484"},"tradeNames":[],"registration":{"secApproved":"15 May 1985","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":137906.665917603,"staff":{"employees":3,"advisory":2,"brokerDealerReps":3,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":184105399,"discretionary":184105399,"discretionaryAccounts":1576,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1284,"regulatoryAum":72172768},{"label":"High-net-worth individuals","clients":51,"regulatoryAum":111932631}],"feePrograms":[{"role":"main","program":"Investment Supervisory Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046167","versionId":1046167,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-05-26","documentName":"COOPER FINANCIAL SERVICES INC FORM ADV PART 2A 2026-0601","fee_rate_low":0.75,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:45:18.024075+00:00","documents":[{"name":"COOPER FINANCIAL SERVICES INC FORM ADV PART 2A 2026-0601","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046167","versionId":1046167,"submittedOn":"2026-05-26"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC, (CRD# 7784)","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":29625057}],"custodyNote":"Cooper Financial Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Butler","title":"Chief Compliance Officer/ Chief Executive Officer/ Shareholder/Chairman","crd":"6318239"},{"name":"Steven Butler","title":"Vice President","crd":"7410569"}],"ownership":[{"label":"Michael Butler","detail":"Chief compliance officer/ chief executive officer/ shareholder/chairman in the 50% to 75% ownership band and a control person, since July 2016."},{"label":"Steven Butler","detail":"Vice president in the 10% to 25% ownership band and a control person, since March 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"1000 Bridgeport Avenue, Suite 308","city":"Shelton","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-248-1972","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":30},{"label":"U.S. government/agency bonds","percent":6},{"label":"U.S. state and local bonds","percent":3},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":51},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"26 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/104671/PDF/104671.pdf","brochureDate":"26 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046167","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cooper Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cooper Financial Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Cooper Financial Services charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Cooper Financial Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cooper Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cooper Financial Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cooper Financial Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cooper Financial Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cooper Financial Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}