CND Financial
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$195,200,000
Clients
188
Advisors
3
of 3 employees
About
CND Financial provides discretionary investment management and hourly financial planning/consultation services to individuals — including high‑net‑worth clients — as well as retirement plans, trusts, estates, charitable organizations and corporations. The firm operates as a fee‑only registered investment adviser and manages individualized portfolios for roughly 189 clients with about $199.45 million in assets under management.
Investment implementation relies primarily on diversified allocations to no‑load mutual funds and ETFs organized into five model strategies, from Global Defensive to Global Equity, with investment policy statements tailored to each client’s risk profile and time horizon. The firm uses both fundamental and technical analysis, generally favors longer‑term holdings, rarely recommends individual stocks, and may recommend an unaffiliated sub‑advisor to implement covered‑call option strategies when clients request that approach.
A distinctive feature of CND Financial is its business affiliations: it shares back‑office administration with an affiliated advisory entity and maintains an affiliated certified public accounting firm that provides separate services and may receive referrals. Those direct affiliations with another adviser and with an accounting practice are uncommon among peers of this size and can affect operational arrangements, data sharing, and referral pathways that prospective clients should review.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.00% $1,000,001 - $1,500,000: 0.80% $1,500,001+: 0.60%
CPA/Personal Financial Specialist or Certified Financial Planner: $250/hour; Chartered Financial Analyst: $250/hour; Financial Planner: $200/hour; Clerical: $60/hour
Account minimum: $250,000 Fee-only: Fee-only advisor compensated solely via advisory fees; no commissions accepted.
Main office
33762 Schoolcraft Road, 2nd Floor
Livonia MI 48150
Advisors at this office
3
Most active in
Florida · Michigan · Texas
Also doing business as
Cnd Financial · Executive Financial Services Inc
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
William M
CFP®, Series 63
Livonia, MI
CND Financial
William Mack is a Certified Financial Planner® with 16 years of industry experience. He has worked at a mutual fund management company and has been associated with CND Financial since 2008, as well as operating William Mack & Associates, Inc. since 1992. CND Financial is a fee-only registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and corporations. The firm manages individualized portfolios primarily through diversified allocations to no-load mutual funds and ETFs, employing both fundamental and technical analysis with a focus on longer-term holdings.
Arthur C
PFS™, Series 63, Series 65
Livonia, MI
CND Financial
Arthur Cole is a financial advisor with CND Financial in Livonia, MI, holding the PFS™ designation along with Series 63 and Series 65 licenses. He has 15 years of industry experience and is also president and CPA of Cole, Newton & Duran, a certified public accounting firm. In addition to his advisory role, he serves as CFO of MI Pharm, a long-term care pharmacy, and owns several non-investment related businesses. CND Financial is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and businesses. The firm offers tailored portfolio management and financial planning services, employing a range of model strategies primarily using no-load mutual funds and ETFs, with quarterly portfolio reviews and limited-discretionary management.
Theodore B
CFP®, Series 63
Livonia, MI
CND Financial
Theodore Bugenski is a CFP® with 20 years of industry experience, currently serving as the sole advisor at CND Financial. He has been with Executive Financial Securities, Inc. dba CND Financial since 2008 and has worked at William Mack & Associates, Inc. since 1992. CND Financial provides discretionary investment management and hourly financial planning services to individuals, retirement plans, trusts, estates, charitable organizations, and corporations. The firm manages approximately $199 million in assets for about 189 clients, employing diversified allocations to no-load mutual funds and ETFs across tailored model strategies based on each client’s risk profile and time horizon.
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