{"url":"https://nivawealth.com/firms/executive-financial-services-110180","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110180","regulatoryAum":199450000,"crd":"110180","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2167202","suffix":null,"lastName":"BUGENSKI","firstName":"THEODORE","middleName":"KARL"},{"crd":"2822685","suffix":null,"lastName":"COLE","firstName":"ARTHUR","middleName":"RAYMOND"},{"crd":"1434254","suffix":null,"lastName":"MACK","firstName":"WILLIAM","middleName":null}],"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":"2021-06-28","regulatoryAum":125471085,"clients":332,"employees":4,"offices":2},{"filedOn":"2022-03-29","regulatoryAum":133200000,"clients":201,"employees":4,"offices":2},{"filedOn":"2023-07-06","regulatoryAum":127400000,"clients":206,"employees":4,"offices":2},{"filedOn":"2024-03-29","regulatoryAum":154400000,"clients":191,"employees":4,"offices":2},{"filedOn":"2025-03-27","regulatoryAum":180300000,"clients":193,"employees":3,"offices":2},{"filedOn":"2026-03-28","regulatoryAum":199450000,"clients":189,"employees":3,"offices":2}],"secFileNumber":"801-121895","legalName":"Executive Financial Services Inc","displayName":"Executive Financial Services","slug":"executive-financial-services-110180","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"33762 Schoolcraft RD, 2nd Floor","city":"Livonia","state":"MI","stateName":"Michigan","country":"United States","postalCode":"48150"},"tradeNames":["CND Financial"],"registration":{"secApproved":"28 July 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1038297.8723404255,"staff":{"employees":3,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":199450000,"discretionary":195200000,"discretionaryAccounts":188,"nonDiscretionary":4250000,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":115,"regulatoryAum":34600000},{"label":"High-net-worth individuals","clients":73,"regulatoryAum":160600000},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":4250000}],"feePrograms":[{"role":"main","program":"Investment Management fee","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":1500000,"pct":0.8,"from":1000000},{"to":null,"pct":0.6,"from":1500000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030324","versionId":1030324,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-28","documentName":"CND FINANCIAL ADV 2A","fee_rate_low":0.6,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Hourly financial planning and consultation","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030324","versionId":1030324,"submittedOn":"2026-03-28","documentName":"CND FINANCIAL ADV 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:05:37.564117+00:00","documents":[{"name":"CND FINANCIAL ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030324","versionId":1030324,"submittedOn":"2026-03-28"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":190650000}],"custodyNote":"Executive Financial Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Arthur Cole","title":"President, Chief Compliance Officer","crd":"2822685"},{"name":"William Mack","title":"Vice President","crd":"1434254"},{"name":"Theodore Bugenski","title":"Secretary","crd":"2167202"}],"ownership":[{"label":"Arthur Cole","detail":"President, chief compliance officer in the 50% to 75% ownership band and a control person, since January 2008."},{"label":"William Mack","detail":"Vice president in the 25% to 50% ownership band and a control person, since January 2008."},{"label":"Theodore Bugenski","detail":"Secretary in the 10% to 25% ownership band and a control person, since January 2008."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":2,"addresses":[{"street":"33762 Schoolcraft RD, 2nd Floor","city":"Livonia","headquarters":true},{"street":"1301 West Long Lake, Ste. 115","city":"Troy"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"734-427-2030","stateRegisteredReps":3,"otherAdviserReps":2,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":7},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":2,"detail":"Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"28 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110180/PDF/110180.pdf","brochureDate":"28 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030324","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 Executive Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Executive Financial Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Executive Financial Services charge?","answer":"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.","source":"CND FINANCIAL ADV 2A, filed 28 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Executive Financial Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Executive Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Executive Financial Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Executive Financial Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Executive Financial Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Executive Financial Services?","answer":"Executive Financial Services’ main office is at 33762 Schoolcraft RD, 2nd Floor, Livonia, MI 48150. Its phone number is 734-427-2030.","source":"Form ADV Part 1A, Item 1.F, filed 28 March 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."}