{"url":"https://nivawealth.com/firms/compass-financial-advisors-109131","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109131","regulatoryAum":282474625,"crd":"109131","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4387667","suffix":null,"lastName":"BOBOS","firstName":"JAMES","middleName":"JOSEPH"},{"crd":"2074195","suffix":null,"lastName":"FISEL","firstName":"LYNN","middleName":"RAY"},{"crd":"2839761","suffix":null,"lastName":"GUTMAN","firstName":"KURT","middleName":"ALAN"},{"crd":"5044575","suffix":null,"lastName":"MALINGS","firstName":"CLIFFORD","middleName":"LEE"},{"crd":"4223513","suffix":null,"lastName":"SIMPSON","firstName":"MICHAEL","middleName":"HOWARD"},{"crd":"1233703","suffix":null,"lastName":"SWANSON","firstName":"CHRISTOPHER","middleName":"JOHN"},{"crd":"7054819","suffix":null,"lastName":"Weber","firstName":"James","middleName":"Andrew"}],"total":7,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-04","regulatoryAum":209646623,"clients":423,"employees":8,"offices":3},{"filedOn":"2022-04-12","regulatoryAum":233856754,"clients":698,"employees":8,"offices":3},{"filedOn":"2023-03-01","regulatoryAum":198913231,"clients":714,"employees":9,"offices":3},{"filedOn":"2024-03-19","regulatoryAum":230847427,"clients":730,"employees":9,"offices":4},{"filedOn":"2025-07-10","regulatoryAum":264674639,"clients":751,"employees":7,"offices":4},{"filedOn":"2026-03-26","regulatoryAum":282474625,"clients":659,"employees":9,"offices":4}],"secFileNumber":"801-56002","legalName":"Compass Financial Advisors LLC","displayName":"Compass Financial Advisors","slug":"compass-financial-advisors-109131","website":"https://compassadvisor.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/compass-financial-advisors/about/","founded":null,"organization":"Indiana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"9933 Dupont Circle Drive West, Suite 100","city":"Fort Wayne","state":"IN","stateName":"Indiana","country":"United States","postalCode":"46825"},"tradeNames":[],"registration":{"secApproved":"30 November 1998","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":305408.4716088328,"staff":{"employees":9,"advisory":9,"brokerDealerReps":3,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":282474625,"discretionary":281086772,"discretionaryAccounts":726,"nonDiscretionary":1387853,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":489,"regulatoryAum":46178545},{"label":"High-net-worth individuals","clients":145,"regulatoryAum":147450426},{"label":"Pension and profit-sharing plans","clients":16,"regulatoryAum":32064461},{"label":"Charitable organizations","clients":6,"regulatoryAum":10974913},{"label":"State or municipal government entities","clients":1,"fewerThan5":true,"regulatoryAum":44651704},{"label":"Corporations and other businesses","clients":2,"fewerThan5":true,"regulatoryAum":1154576}],"feePrograms":[{"role":"main","program":"Asset Allocation and Portfolio Supervision Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026823","versionId":1026823,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-26","documentName":"COMPASS FINANCIAL PART 2A BROCHURE","fee_rate_low":0.65,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Fundamental Planning Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026823","versionId":1026823,"submittedOn":"2026-03-26","documentName":"COMPASS FINANCIAL PART 2A BROCHURE"},{"role":"other","program":"Retirement Plan Advisory Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026823","versionId":1026823,"submittedOn":"2026-03-26","documentName":"COMPASS FINANCIAL PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:21:09.892571+00:00","documents":[{"name":"COMPASS FINANCIAL PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026823","versionId":1026823,"submittedOn":"2026-03-26"}]},"custodians":[{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":200452206}],"custodyNote":"Compass Financial Advisors has custody of $42.9M in client assets for 145 clients.","otherCustodians":[],"leadership":[{"name":"James Bobos","title":"Chief Executive Officer","crd":"4387667"},{"name":"Kurt Gutman","title":"Chief Operating Officer","crd":"2839761"},{"name":"Kevin Kim","title":"Chief Compliance Officer","crd":"8004229"},{"name":"Lynn Fisel","title":"Member","crd":"2074195"},{"name":"David Fought","title":"Member","crd":"4917815"},{"name":"Clifford Malings","title":"Member","crd":"5044575"}],"ownership":[{"label":"Lynn Fisel","detail":"Member in the 5% to 10% ownership band, since January 2007."},{"label":"David Fought","detail":"Member in the 50% to 75% ownership band and a control person, since January 1988."},{"label":"Clifford Malings","detail":"Member in the 10% to 25% ownership band and a control person, since February 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":1},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Indiana","offices":3,"addresses":[{"street":"9933 Dupont Circle Drive West, Suite 100","city":"Fort Wayne","headquarters":true},{"street":"160 Rail Road","city":"Chesterton"},{"street":"123 North Main Street","city":"Hebron"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"260-490-7878","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":45},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":41},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109131/PDF/109131.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026823","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Compass Financial Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Compass Financial Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Compass Financial Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Compass Financial Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Compass Financial Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Compass Financial Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Compass Financial Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Compass Financial Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Compass Financial Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}