Executive Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Executive Financial Services reports 189 clients. They include 115 individual clients, 73 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 97.9% ($195M across 188 accounts) are managed with discretion; $4.25M across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 17% |
| High-net-worth individuals | 39% | 81% |
| Pension and profit-sharing plans | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 115 | $34.6M | 17.3% | $301K |
| High-net-worth individuals | 73 | $161M | 80.5% | $2.2M |
| Pension and profit-sharing plans | Fewer than 5 | $4.25M | 2.1% | $4.25M |
| Total | 189 | $199M | 100% | — |
- Clients
- 115
- Regulatory AUM
- $34.6M
- AUM share
- 17.3%
- Avg. per client
- $301K
- Clients
- 73
- Regulatory AUM
- $161M
- AUM share
- 80.5%
- Avg. per client
- $2.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.25M
- AUM share
- 2.1%
- Avg. per client
- $4.25M
Total
- Clients
- 189
- Regulatory AUM
- $199M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Executive Financial Services charges 0.60%–1.00% a year for its Investment Management fee. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$1.5M | 0.80% |
| $1.5M and above | 0.60% |
Fee details and sources
Other fees
- Hourly financial planning and consultation
- Billed hourly for clients who are not management clients: $250 for CPA/PFS, CFP or CFA staff, $200 for financial planners and $60 for clerical time.
Arthur Cole owns 50% to 75% of Executive Financial Services. The leadership team of Executive Financial Services includes President Arthur Cole. It has 3 employees.
Leadership
- Arthur ColePresident, Chief Compliance Officer
- William MackVice President
- Theodore BugenskiSecretary
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Executive Financial Services Inc
Arthur Cole
Control person · since January 2008
- Owns 25% to 50% of Executive Financial Services Inc
William Mack
Control person · since January 2008
- Owns 10% to 25% of Executive Financial Services Inc
Theodore Bugenski
Control person · since January 2008
Executive Financial Services’ regulatory assets grew 1.6× from $125M (June 2021) to $199M (March 2026); clients fell from 332 to 189 and employees from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $199M | 189 | 3 | 2 |
| Mar 2025March 2025 | $180M | 193 | 3 | 2 |
| Mar 2024March 2024 | $154M | 191 | 4 | 2 |
| Jul 2023July 2023 | $127M | 206 | 4 | 2 |
| Mar 2022March 2022 | $133M | 201 | 4 | 2 |
| Jun 2021June 2021 | $125M | 332 | 4 | 2 |
Besides its headquarters, Executive Financial Services has 1 office, with 2 listed addresses in 1 state.
Michigan · 2 listed addresses
- 33762 Schoolcraft RD, 2nd Floor, LivoniaHQ
- 1301 West Long Lake, Ste. 115, Troy
Other business names
Executive Financial Services has reported 1 other business name to the SEC.
- CND Financial
Contact and registration details
- Legal name
- Executive Financial Services Inc
- Headquarters
- 33762 Schoolcraft RD, 2nd Floor, Livonia, MI 48150
- Website
- Not reported
- Phone
- 734-427-2030
- SEC file
- 801-121895
- Structure
- Michigan corporation
- Fiscal year end
- December
Executive Financial Services’ named custodian for separately managed accounts is Charles Schwab ($191M). Executive Financial Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $191M100%
At year end, Executive Financial Services’ separately managed accounts were mostly in funds (87%).
What the accounts hold
- Stocks7%
- Funds87%
- Bonds1%
- Cash3%
- Other2%
- Annuities2%
How many clients does Executive Financial Services have?
Executive Financial Services has 189 clients and manages $199 million for them, as of March 2026. They include 115 individual clients, 73 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 March 2026
What services does Executive Financial Services offer?
Executive Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Executive Financial Services charge?
Executive Financial Services charges 0.60%–1.00% a year for its Investment Management fee. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Executive Financial Services use?
Executive Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $191M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 March 2026
How many financial advisors does Executive Financial Services have?
Executive Financial Services has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Executive Financial Services invest in?
At the end of its last fiscal year, Executive Financial Services’ separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 3% cash and equivalents, 2% other and 1% U.S. government and agency bonds. The 2% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Executive Financial Services?
Executive Financial Services’ direct owners are Arthur Cole (50% to 75%), William Mack (25% to 50%) and Theodore Bugenski (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 March 2026
How does Executive Financial Services get paid?
Executive Financial Services is paid through a percentage of assets under management and hourly charges. 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 Executive Financial Services?
Executive Financial Services’ main office is at 33762 Schoolcraft RD, 2nd Floor, Livonia, MI 48150. Its phone number is 734-427-2030.