Compass Wealth Management, LLC

CRD#156482
Investment Advisor Firm

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Learn more about Compass Wealth Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Compass Wealth Management, LLC operates as an advisory firm based in Atlanta, Georgia. Compass Wealth Management, LLC oversees $192.4 million in assets throughout 702 accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small group, including 2 financial advisors. Compass Wealth Management, LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like options, equities and bonds.

    Compass Wealth Management, LLC manages all of its accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without requiring the customer's approval. The firm administers roughly $274,121 for each client account. The average advisor at Compass Wealth Management, LLC oversees about 351 client accounts.

    Compass Wealth Management, LLC's main office is located at 3340 Peachtree Rd Ne, Atlanta, Georgia 30326. The firm is legally permitted to provide services to investors across 4 states, including Florida, Georgia, Louisiana and South Carolina.

    Assets Under Management

    $192.4 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    3340 Peachtree Rd Ne
    Atlanta, GA 30326

    Compass Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $192.4 million

    National Average: $8.6 billion
    Total Number of Employees

    4

    National Average: 64
    Total Number of Accounts

    702

    National Average: 375,227
    Average Account Size

    $274.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Compass Wealth Management, LLC offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses and educational seminars. In the prior financial year, the firm provided financial planning services to 101-250 of its customers. It is not involved in selling products or offering services aside from investment advice to its investment advisory accounts.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Find a firm that offers this service

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees typically are based on which service is provided. However, fees billed by the firm typically consist of the following fee structure: asset-based. Compass Wealth Management, LLC does not provide a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    It caters to retail investors, high net worth investors and pension plans. Out of its 702 customers, Compass Wealth Management, LLC's biggest client by number of accounts is retail investors, but it also caters to 66 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.

    • High-Net-Worth Individuals* - 42.58%
    • Other Individuals - 55.48%
    • Corporations - 1.94%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Compass Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Compass Wealth Management, LLC

    Lance Miller
    Atlanta, GA
    Robert Amato
    Atlanta, GA

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