Compass Capital Management Inc

CRD#107823
Investment Advisor Firm

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Overview

Compass Capital Management Inc is a financial advisory firm that has its headquarters in Minneapolis, Minnesota. The firm handles $1.2 billion in assets across 987 client accounts, placing it among the bigger investment advisory firms in the country by assets under management (AUM). The company has a small team of eight employees, of which seven are financial advisors. Compass Capital Management Inc is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like options, bonds and equities.

Compass Capital Management Inc administers most of its accounts on a discretionary basis. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without requiring the client's consent. The firm also has 35 non-discretionary accounts with a total of $11.0 million in assets under management. The company administers an average of $1.2 million in assets for each customer account. The typical advisor at Compass Capital Management Inc oversees around 141 client accounts.

The firm's headquarters is located at 706 Second Avenue South, Minneapolis, Minnesota 55402. Compass Capital Management Inc is legally allowed to serve customers across 8 states, including California, Colorado, Minnesota, New Hampshire, New York, South Dakota, Texas and Wisconsin.

Number of Advisors

7

Disclosures

No

Office Location

706 Second Avenue South
Minneapolis, MN 55402

Compass Capital Management Inc by the Numbers

Total Number of Employees

8

National Average: 4,943
Total Number of Accounts

987

National Average: 2,522
Average Account Size

$1.2 million

National Average: $1.3 million

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Fee Structure

Financial management fees usually depend on the services provided. However, fee types charged by the company can be comprised of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 75% 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.

  • Offered by 40% of firms

    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.

Unavailable

  • Find one of the 37% 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 3% 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 17% 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 1% 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 12% 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

Compass Capital Management Inc manages money for a number of different clients. The firm works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 987 accounts, Compass Capital Management Inc's biggest client is high net worth investors, although it also manages money for 162 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients reside abroad.

  • High-Net-Worth Individuals* - 59.78%
  • Other Individuals - 23.99%
  • Corporations - 8.12%
  • Charitable Organizations - 8.12%

* 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 Capital Management Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA