Compass Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 11–25 clients last fiscal year.
Compass Financial Advisors reports 659 clients. They include 489 individual clients, 145 high-net-worth individuals, and 16 pension and profit-sharing plans. Of its assets, 99.5% ($281M across 726 accounts) are managed with discretion; $1.39M across 4 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 16% |
| High-net-worth individuals | 22% | 52% |
| Pension and profit-sharing plans | 2% | 11% |
| Charitable organizations | <1% | 4% |
| State or municipal government entities | <1% | 16% |
| Other client typesCorporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 489 | $46.2M | 16.3% | $94.4K |
| High-net-worth individuals | 145 | $147M | 52.2% | $1.02M |
| Pension and profit-sharing plans | 16 | $32.1M | 11.4% | $2M |
| Charitable organizations | 6 | $11M | 3.9% | $1.83M |
| State or municipal government entities | Fewer than 5 | $44.7M | 15.8% | $44.7M |
| Corporations and other businesses | Fewer than 5 | $1.15M | 0.4% | $577K |
| Total | 659 | $282M | 100% | — |
- Clients
- 489
- Regulatory AUM
- $46.2M
- AUM share
- 16.3%
- Avg. per client
- $94.4K
- Clients
- 145
- Regulatory AUM
- $147M
- AUM share
- 52.2%
- Avg. per client
- $1.02M
- Clients
- 16
- Regulatory AUM
- $32.1M
- AUM share
- 11.4%
- Avg. per client
- $2M
- Clients
- 6
- Regulatory AUM
- $11M
- AUM share
- 3.9%
- Avg. per client
- $1.83M
- Clients
- Fewer than 5
- Regulatory AUM
- $44.7M
- AUM share
- 15.8%
- Avg. per client
- $44.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.15M
- AUM share
- 0.4%
- Avg. per client
- $577K
Total
- Clients
- 659
- Regulatory AUM
- $282M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 11–25
Compass Financial Advisors charges 0.65%–2.00% a year for its Asset Allocation and Portfolio Supervision Services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Fundamental Planning Services
- Planning is billed hourly by staff level, from $65 for clerical work to $250 for a CFP advisory representative, or as a fixed project fee; hourly rates may not exceed $250.
- Retirement Plan Advisory Services
- An annual fee on plan assets of 1.00% up to $3,000,000, stepping down to 0.20% on the largest plans; the fee is negotiable.
David Fought owns 50% to 75% of Compass Financial Advisors. James Bobos is CEO; the leadership team includes Chief Operating Officer Kurt Gutman and Chief Compliance Officer Kevin Kim. It has 9 employees.
Leadership
- James BobosChief Executive Officer
- Kurt GutmanChief Operating Officer
- Kevin KimChief Compliance Officer
- Lynn FiselMember
- David FoughtMember
- Clifford MalingsMember
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- James Joseph Bobos
- Lynn Ray Fisel
- Kurt Alan Gutman
- Clifford Lee Malings
- Michael Howard Simpson
- Christopher John Swanson
- James Andrew Weber
Staff
- 9 employees
- 9 in advisory functions
- 7 state-registered reps
- 3 broker-dealer reps
- 3 insurance agents
- Owns 50% to 75% of Compass Financial Advisors LLC
David Fought
Control person · since January 1988
- Owns 10% to 25% of Compass Financial Advisors LLC
Clifford Malings
Control person · since February 2020
- Owns 5% to 10% of Compass Financial Advisors LLC
Lynn Fisel
since January 2007
Compass Financial Advisors’ regulatory assets grew from $210M (February 2021) to $282M (March 2026); clients rose from 423 to 659 and employees from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $282M | 659 | 9 | 4 |
| July 2025 | $265M | 751 | 7 | 4 |
| March 2024 | $231M | 730 | 9 | 4 |
| March 2023 | $199M | 714 | 9 | 3 |
| April 2022 | $234M | 698 | 8 | 3 |
| February 2021 | $210M | 423 | 8 | 3 |
Besides its headquarters, Compass Financial Advisors has 3 offices (1 private residence, listed without an address), with 3 listed addresses in Indiana.
Indiana · 3 listed addresses
- 9933 Dupont Circle Drive West, Suite 100, Fort WayneHQ
- 160 Rail Road, Chesterton
- 123 North Main Street, Hebron
Contact and registration details
- Legal name
- Compass Financial Advisors LLC
- Headquarters
- 9933 Dupont Circle Drive West, Suite 100, Fort Wayne, IN 46825
- Website
- compassadvisor.com
- Phone
- 260-490-7878
- @compass-financial-advisors
- SEC file
- 801-56002
- Structure
- Indiana LLC
- Fiscal year end
- December
Compass Financial Advisors uses Pershing ($200M) as custodian for its separately managed accounts. Compass Financial Advisors has custody of $42.9M in client assets for 145 clients.
- PershingPershing LLC · Jersey City, NJ · $200M100%
At year end, Compass Financial Advisors’ separately managed accounts were largely in stocks (45%) and funds (41%).
What the accounts hold
- Stocks45%
- Funds41%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash8%
Filed values cover 96%. The neutral 4% gap has no reported category.
How many clients does Compass Financial Advisors have?
Compass Financial Advisors has 659 clients and manages $282 million for them, as of March 2026. They include 489 individual clients, 145 high-net-worth individuals, and 16 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Compass Financial Advisors offer?
Compass Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Compass Financial Advisors charge?
Compass Financial Advisors charges 0.65%–2.00% a year for its Asset Allocation and Portfolio Supervision Services. The fee is billed in advance and is negotiable.
Source: COMPASS FINANCIAL PART 2A BROCHURE, filed 26 March 2026
Which custodians does Compass Financial Advisors use?
Compass Financial Advisors’ separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $200M. 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 Financial Advisors have?
Compass Financial Advisors has 7 investment adviser representatives registered with state securities authorities, out of 9 employees, and 9 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 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 Compass Financial Advisors invest in?
At the end of its last fiscal year, Compass Financial Advisors’ separately managed accounts held 45% exchange-traded equities, 41% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 1% U.S. government and agency bonds 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 Financial Advisors?
Compass Financial Advisors’ direct owners are Lynn Fisel (5% to 10%), David Fought (50% to 75%) and Clifford Malings (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Compass Financial Advisors get paid?
Compass Financial Advisors is paid through a percentage of assets under management, hourly charges 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
How do I contact Compass Financial Advisors?
Compass Financial Advisors’ main office is at 9933 Dupont Circle Drive West, Suite 100, Fort Wayne, IN 46825. Its phone number is 260-490-7878. Its website is compassadvisor.com.