# CND Financial

> CND Financial is an SEC-registered investment advisory firm in Livonia, MI, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 28, 2026.

- CRD: 110180
- Filed as: CND FINANCIAL
- Legal name: Executive Financial Services Inc
- Also doing business as: CND FINANCIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Livonia, MI
- Filing period: October 2026
- Form ADV filing dated: March 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110180
- AdvisorCensus page: https://advisorcensus.com/firm/cnd-financial-livonia-mi-110180

## Quick answers

**How is CND Financial compensated?**
On its Form ADV (Item 5.E, October 2026), CND Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is CND Financial located?**
CND Financial's principal office is in Livonia, MI, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is CND Financial registered with the SEC or a state?**
CND Financial is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 110180.

**How much does CND Financial manage?**
CND Financial reports $199,450,000 in regulatory assets under management in its Form ADV filing dated March 28, 2026 (98% discretionary).

**How have CND Financial's assets and staff changed since 2021?**
In the Form ADV data for CND Financial: Regulatory assets under management: $125,471,085 in the October 2021 data and $199,450,000 in the October 2026 data, up 59%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CND Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (115); high net worth individuals (73); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does CND Financial use?**
CND Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does CND Financial report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110180

**What changed in CND Financial's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $180,300,000 to $199,450,000 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $199,450,000
- Discretionary: $195,200,000
- Non-discretionary: $4,250,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 115 | $34,600,000 |
| High net worth individuals | 73 | $160,600,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $4,250,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Troy, MI

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $125,471,085 | 4 | June 28, 2021 |
| October 2022 | $133,200,000 | 4 | March 29, 2022 |
| October 2023 | $127,400,000 | 4 | July 6, 2023 |
| October 2024 | $154,400,000 | 4 | March 29, 2024 |
| October 2025 | $180,300,000 | 3 | March 27, 2025 |
| October 2026 | $199,450,000 | 3 | March 28, 2026 |

Regulatory assets under management: $125,471,085 in the October 2021 data and $199,450,000 in the October 2026 data, up 59%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $180,300,000 to $199,450,000 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CND Financial (CRD 110180): Form ADV filing data as of October 2026.