Compass Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
Compass Capital Management reports 443 clients. They include 278 high-net-worth individuals, 101 individual clients, and 30 pension and profit-sharing plans. Of its assets, 93.1% ($2.38B across 1,597 accounts) are managed with discretion; $177M across 79 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 23% | 2% |
| High-net-worth individuals | 63% | 73% |
| Pension and profit-sharing plans | 7% | 9% |
| Charitable organizations | 5% | 6% |
| Corporations and other businesses | 3% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 101 | $46.9M | 1.8% | $465K |
| High-net-worth individuals | 278 | $1.86B | 72.9% | $6.71M |
| Pension and profit-sharing plans | 30 | $234M | 9.2% | $7.81M |
| Charitable organizations | 21 | $150M | 5.9% | $7.13M |
| Corporations and other businesses | 13 | $261M | 10.2% | $20.1M |
| Total | 443 | $2.56B | 100% | $5.77M |
- Clients
- 101
- Regulatory AUM
- $46.9M
- AUM share
- 1.8%
- Avg. per client
- $465K
- Clients
- 278
- Regulatory AUM
- $1.86B
- AUM share
- 72.9%
- Avg. per client
- $6.71M
- Clients
- 30
- Regulatory AUM
- $234M
- AUM share
- 9.2%
- Avg. per client
- $7.81M
- Clients
- 21
- Regulatory AUM
- $150M
- AUM share
- 5.9%
- Avg. per client
- $7.13M
- Clients
- 13
- Regulatory AUM
- $261M
- AUM share
- 10.2%
- Avg. per client
- $20.1M
Total
- Clients
- 443
- Regulatory AUM
- $2.56B
- AUM share
- 100%
- Avg. per client
- $5.77M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Compass Capital Management charges 0.50%–1.00% a year for its Balanced and equity accounts. The fee is billed in arrears and is negotiable.
Fee details and sources
Charles Kelley owns 50% to 75% of Compass Capital Management. The leadership team of Compass Capital Management includes President Phillip Stern and Chief Compliance Officer Leigh Niebuhr. It has 20 employees, 10 of them in advisory roles.
Leadership
- Phillip SternPresident
- Leigh NiebuhrSenior Portfolio Manager & Chief Compliance Officer
- Christopher KelleyDirector
- Samuel KelleyDirector
- Charles KelleyPrincipal/Founder
- Emily KelleyTrustee of the Emily B. Kelley Family Irrevocable Trust
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Elizabeth Clare Alward
- Rishi Biswas
- Cammack Robert Byers
- Alyssa Blair Craggs
- Mark Steven Halverson
- Jay Michael Jackley
- Charles Kelley
- Christopher Charles Kelley
- Rachel Rebecca Krube
- Leigh Niebuhr
- Christopher Nuth
- Jennifer Ann Oseth
- Richard Joseph Stark
- Jordan Elizabeth Thorpe
- Mark Anthony Vitelli
Staff
- 20 employees
- 10 in advisory functions
- 13 state-registered reps
- Owns 50% to 75% of Compass Capital Management Inc
Charles Kelley
Control person · since August 1988
- Owns 10% to 25% of Compass Capital Management Inc
Leigh Niebuhr
Control person · since January 2013
- Owns 10% to 25% of Compass Capital Management Inc
Emily Kelley
since December 2018
- Owns 10% to 25% of Compass Capital Management Inc
Emily B. Kelley Family Irrevocable Trust
since December 2018
- Owns 10% to 25% of Compass Capital Management Inc
Emily B. Kelley Family
since December 2018
Compass Capital Management’s regulatory assets grew from $1.73B (March 2021) to $2.56B (March 2026); clients rose from 302 to 443 and employees from 15 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.56B | 443 | 20 | 2 |
| July 2025 | $2.54B | 440 | 22 | 2 |
| March 2024 | $1.96B | 362 | 18 | 1 |
| April 2023 | $1.75B | 347 | 17 | 1 |
| March 2022 | $2.09B | 323 | 16 | 1 |
| March 2021 | $1.73B | 302 | 15 | 1 |
Besides its headquarters, Compass Capital Management has 1 office, with 2 listed addresses in Colorado and Minnesota.
Colorado · 1 listed address
- 9785 Maroon Circle, Englewood
Minnesota · 1 listed address
- 706 Second Avenue South, Suite 400, MinneapolisHQ
Contact and registration details
- Legal name
- Compass Capital Management Inc
- Headquarters
- 706 Second Avenue South, Suite 400, Minneapolis, MN 55402
- Website
- compasscap.com
- Phone
- 612-338-4051
- @compass-capital-management-inc.
- SEC file
- 801-32238
- Structure
- Minnesota corporation
- Fiscal year end
- December
Compass Capital Management uses Charles Schwab ($1.77B) as custodian for its separately managed accounts. Compass Capital Management has custody of $23M in client assets for 1 client.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.77B100%
At year end, Compass Capital Management’s separately managed accounts were mostly in stocks (74%) and bonds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.66B across 91 positions; the largest are Amphenol Corp. (5.2%), Merck & CO Inc. (4.4%) and Alphabet Inc. (3.8%).
What the accounts hold
- Stocks74%
- Bonds23%
- State and local bonds13%
- U.S. government and agency bonds9%
- Investment grade corporate bonds1%
- Cash3%
Reported 13F holdings
- $1.66B
- Reported 13F value
- 91
- Positions
- 38.2%
- In the 10 largest
- +0.2%
- Value vs. prior quarter
- Amphenol Corp. · CL A5.2%
- Merck & CO Inc.4.4%
- Alphabet Inc. · Cap Stk CL A3.8%
- Microsoft Corp.3.7%
- Johnson & Johnson3.6%
- Fastenal CO3.5%
- Visa Inc. · Com CL A3.5%
- Nvidia Corporation3.5%
- Linde PLC3.4%
- Sherwin Williams CO3.4%
Together, the ten largest are 38.2% of reported value.
How many clients does Compass Capital Management have?
Compass Capital Management has 443 clients and manages $2.56 billion for them, as of March 2026. They include 278 high-net-worth individuals, 101 individual clients, and 30 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Compass Capital Management offer?
Compass Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Compass Capital Management charge?
Compass Capital Management charges 0.50%–1.00% a year for its Balanced and equity accounts. The fee is billed in arrears and is negotiable.
Which custodians does Compass Capital Management use?
Compass Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.77B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Compass Capital Management have?
Compass Capital Management has 13 investment adviser representatives registered with state securities authorities, out of 20 employees, and 10 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
What does Compass Capital Management invest in?
At the end of its last fiscal year, Compass Capital Management’s separately managed accounts held 74% exchange-traded equities, 13% state and local bonds, 9% U.S. government and agency bonds, 3% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Compass Capital Management?
Compass Capital Management’s direct owners are Charles Kelley (50% to 75%), Leigh Niebuhr (10% to 25%), Emily Kelley (10% to 25%), Emily B. Kelley Family Irrevocable Trust (10% to 25%) and Emily B. Kelley Family (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Compass Capital Management get paid?
Compass Capital Management is paid through a percentage of assets under management and fixed fees. 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
Is Compass Capital Management registered with the SEC?
Yes, Compass Capital Management has been registered with the SEC as an investment adviser since 10 June 1988. Its CRD number is 107823 and its SEC file number is 801-32238.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Compass Capital Management?
Compass Capital Management’s main office is at 706 Second Avenue South, Suite 400, Minneapolis, MN 55402. Its phone number is 612-338-4051. Its website is compasscap.com.