KCD Financial provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
KCD Financial reports 1,257 clients. They include 1,235 individual clients and 22 high-net-worth individuals. Of its assets, 100.0% ($202M across 1,259 accounts) are managed with discretion. It advised 75 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 68% |
| High-net-worth individuals | 2% | 32% |
| Pension and profit-sharing plans | Fewer than 5 | 0% |
| Charitable organizations | Fewer than 5 | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,235 | $138M | 68.3% | $112K |
| High-net-worth individuals | 22 | $64M | 31.7% | $2.91M |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| Total | 1,257 | $202M | 100% | — |
- Clients
- 1,235
- Regulatory AUM
- $138M
- AUM share
- 68.3%
- Avg. per client
- $112K
- Clients
- 22
- Regulatory AUM
- $64M
- AUM share
- 31.7%
- Avg. per client
- $2.91M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 1,257
- Regulatory AUM
- $202M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 75
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
KCD Financial charges 0.50%–3.00% a year for its Asset Management Program; its fees and minimums are set out in its brochures on the SEC website.
Freedom Securities, Inc. owns 75% or more of KCD Financial and is in turn owned by Joel Reid Blumenschein (25–50%). The leadership team of KCD Financial includes President Joel Reid Blumenschein and Chief Compliance Officer David Scott Wilson. It has 29 employees, 27 of them in advisory roles.
Staff
- 29 employees
- 27 in advisory functions
- 27 state-registered reps
- 24 broker-dealer reps
- 28 insurance agents
- Owns 75% or more of KCD Financial, Inc.
Freedom Securities, Inc.
since April 2010
- Owns 25% to 50% of Freedom Securities, Inc.
Joel Reid Blumenschein
Control person · since December 2012
- Owns 10% to 25% of KCD Financial, Inc.
Henry Carl IV Prange
since July 2003
KCD Financial’s regulatory assets grew 1.7× from $121M (May 2021) to $202M (August 2026); clients rose from 697 to 1,257 and employees fell from 55 to 29.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $202M | 1,257 | 29 | 18 |
| Jul 2025July 2025 | $183M | 1,145 | 28 | 18 |
| May 2024May 2024 | $175M | 697 | 46 | 16 |
| May 2023May 2023 | $124M | 681 | 44 | 18 |
| Apr 2022April 2022 | $130M | 752 | 50 | 18 |
| May 2021May 2021 | $121M | 697 | 55 | 18 |
Besides its headquarters, KCD Financial has 17 offices (5 private residences, listed without an address), with 13 listed addresses across 10 states.
Florida · 3 listed addresses
- 1900 S. Harbor City BLVD., Melbourne
- 700 S. Rosemary Ave, West Palm Beach
- 200 Central Ave, St.petersburgh
Wisconsin · 2 listed addresses
- 3061 Allied Street, Suite B, Green BayHQ
- 2717 N Grandview BLVD, Waukesha
Arizona · 1 listed address
- 17220 N. Boswell BLVD., Sun City
Connecticut · 1 listed address
- 3200 Main Street, Stratford
Illinois · 1 listed address
- 7660 Plaza Court, Willowbrook
Maryland · 1 listed address
- 8860 Columbia 100 Parkway, Columbia
Michigan · 1 listed address
- 24255 W. Thirteen Mile Road, Bingham Farms
Minnesota · 1 listed address
- 6125 Blue Circle Drive, Minnetonka
Texas · 1 listed address
- 8668 John Hickman Parkway, Frisco
Washington · 1 listed address
- 40 Lake Bellevue Drive, Bellevue
Other business names
KCD Financial has reported 17 other business names to the SEC.
- Avr Financial LLC
- Bayside Wealth Management LLC
- Benefits Plus
- Borde & Associates Pa
- DDG Wealth Consultants
- Fess Financial
- First Plan Financial Services, LLC
- Guided Financial Advisors
- H & B Financial Group, Inc.
- Heritage Benefits
- Hoffman Financial
- Machtan Financial Services Group
Show all 17 names
- Oak Brook Benefit Resources
- Pappas Wealth Management
- Strategic Alliance Investment Advisors, Inc.
- The Steffen Investment Co., Inc.
- The Williams Financial Group
Contact and registration details
- Legal name
- KCD Financial, Inc.
- Headquarters
- 3061 Allied Street, Suite B, Green Bay, WI 54304
- Website
- kcdfinancial.com
- Phone
- 920-347-3400
- SEC file
- 801-110069
- Structure
- Wisconsin corporation
- Fiscal year end
- December
KCD Financial’s named custodians for separately managed accounts include Trade-PMR ($83.8M, 68%), SEI ($20.3M, 16%) and Hilltop Securities ($13.8M, 11%). KCD Financial does not have custody of client assets.
- Hilltop SecuritiesHilltop Securities Inc. · Dallas, TX · $13.8M11%
- SEISEI · Oaks, PA · $20.3M16%
- Trade-PMRTrade-PMR Inc. · Gainesville, FL · $83.8M68%
- Freedom Investment ManagementFreedom Investment Management · Hartford, CO · $5.73M5%
At year end, KCD Financial’s separately managed accounts were mostly in stocks (65%) and funds (25%).
What the accounts hold
- Stocks65%
- Exchange-traded equities61%
- Non-exchange-traded equities4%
- Funds25%
- Bonds3%
- Cash7%
How many clients does KCD Financial have?
KCD Financial has 1,257 clients and manages $202 million for them, as of August 2026. They include 1,235 individual clients and 22 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026
What services does KCD Financial offer?
KCD Financial 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 KCD Financial charge?
KCD Financial charges 0.50%–3.00% a year for its Asset Management Program.
Which custodians does KCD Financial use?
KCD Financial’s separately managed account assets are held at Trade-PMR Inc. (Gainesville, FL), with $83.8M, SEI (Oaks, PA), with $20.3M, Hilltop Securities Inc. (Dallas, TX), with $13.8M and Freedom Investment Management (Hartford, CO), with $5.73M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 August 2026
How many financial advisors does KCD Financial have?
KCD Financial has 27 investment adviser representatives registered with state securities authorities, out of 29 employees, and 27 perform investment advisory functions. 24 employees are registered representatives of a broker-dealer and 28 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 KCD Financial invest in?
At the end of its last fiscal year, KCD Financial’s separately managed accounts held 61% exchange-traded equities, 25% pooled vehicles (private funds and similar), 7% cash and equivalents, 4% non-exchange-traded equities and 3% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns KCD Financial?
KCD Financial is owned through a holding company by Joel Reid Blumenschein. Its direct owners are Henry Carl IV Prange (10% to 25%) and Freedom Securities, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 August 2026
How does KCD Financial get paid?
KCD Financial is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 KCD Financial?
KCD Financial’s main office is at 3061 Allied Street, Suite B, Green Bay, WI 54304. Its phone number is 920-347-3400. Its website is kcdfinancial.com.