KCD Financial, Inc.

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated March 9, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$202,092,404 as of October 2026, filing dated August 11, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Selection of other advisers (including private fund managers)

Also doing business as

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, OAK BROOK BENEFIT RESOURCES, PAPPAS WEALTH MANAGEMENT, STRATEGIC ALLIANCE INVESTMENT ADVISORS, INC., THE STEFFEN INVESTMENT CO., INC., THE WILLIAMS FINANCIAL GROUP

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2017 (9 years)

Employees

Total: 29. Performing investment advisory functions: 27.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Freedom Investment ManagementHilltop Securities Inc.SEITrade-PMR 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.

Other offices (Schedule D, Section 1.F)

12 other offices, as of the September 2026 filing

Bellevue, WABingham Farms, MIColumbia, MDFrisco, TXMelbourne, FLMinnetonka, MNSt.petersburgh, FLStratford, CTSun City, AZWaukesha, WIWest Palm Beach, FLWillowbrook, IL

States registered or notice-filed

36 states or jurisdictions

ALARAZCACOCTFLGAIDILINKYLAMAMDMEMIMNMONCNJNMNVNYOHORPASCTNTXUTVAWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

4 Reports 4 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
• 11.E(4) Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?
• 11.G Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $121,470,000 in the October 2021 data and $202,092,404 in the October 2026 data, up 66%.

Total employees: 55 in October 2021 and 29 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. September 2026
   • Registered or notice-filed in AR, UT.
2. August 2026
   • Registered or notice-filed in ME.
3. June 2026
   • Registered or notice-filed in AL.
4. April 2026
   • Added the business name Hoffman Financial.
   • Regulatory assets under management went from $182,585,838 to $202,092,404 (+11%).
   • Registered or notice-filed in OR.
5. March 2026
   • Registered or notice-filed in NJ, NM, NV.
6. February 2026
   • Registered or notice-filed in GA, IN, MO, NY, PA.
7. January 2026
   • No longer registered or notice-filed in GA, IA, MO, NY, PA.
8. December 2025
   • Registered or notice-filed in SC, WV.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.