Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Compass Financial Group, Inc. Overview
Compass Financial Group, Inc. is a registered investment advisory firm that has been providing investment advice to clients since 2003. The firm is headquartered in Deerfield Beach, Florida, and specializes in fee-only financial planning and portfolio management services for individuals and small businesses. Their approach is designed to help clients achieve their financial goals while minimizing risk through careful investment selection and management. Compass Financial Group, Inc. is a fee-only firm, meaning they do not earn commissions or other compensation based on the products they recommend to clients. This fee structure allows them to maintain impartiality when advising clients on investments and financial planning strategies. Their investment advice is based on a thorough understanding of their client's financial goals, risk tolerance, and investment objectives. In addition to their financial planning and portfolio management services, Compass Financial Group, Inc. also offers family office services. Family office services are designed to help high-net-worth individuals and families manage their wealth and assets. This includes a comprehensive range of services such as investment management, financial planning, tax planning, estate planning, and other specialized services tailored to the unique needs of each client. With a focus on helping clients to preserve, grow, and transfer their wealth, Compass Financial Group, Inc. is positioned to meet the diverse needs of their clients in today's complex and ever-changing financial landscape.
COMPASS FINANCIAL GROUP, INC. caters to a diverse range of clients, including individuals seeking financial advisory services, high net worth individuals with complex estate planning and investment needs, and other forms of corporations seeking guidance on their finances. The firm understands that every client is unique with individual goals and objectives, and hence their services are customized to meet specific requirements. COMPASS FINANCIAL GROUP, INC. offers multiple fee structures based on the different type of services provided. Their fee structures include a percentage of Assets Under Management (AUM), hourly rates, and fixed fees. The percentage of AUM structure is typically used for portfolio management, where the firm’s assets’ performance is aligned with the clients. Hourly rate is for clients seeking specific financial advice, whereas fixed fees are for services catering to specific client needs. The firm believes that transparency is crucial regarding fee structures and hence, ensures that the fees charged are communicated transparently, allowing clients to make informed decisions.
Typical Clients, Fee Structures & Investment Minimum
According to Compass Financial Group, Inc.'s Part 2 Brochure, the investment minimum for their services is $100,000. The brochure notes that "our minimum account size is typically $100,000," indicating that this is the threshold for clients to work with the firm. There is no mention of any lower investment minimums for specific services or account types, suggesting that $100,000 is the standard amount necessary to engage with Compass Financial Group, Inc.
How This Office Can Help Raleigh, NC Residents
Compass Financial Group is a financial planning firm based in Raleigh, NC providing services to clients in the area. Their team of professionals provides individuals and businesses with customized financial planning solutions designed to help them achieve their financial goals. The firm offers a wide range of services, including retirement planning, tax planning, estate planning, investment management, and more. Raleigh, NC is a bustling city with a diverse population facing unique financial situations. Many residents may be planning for retirement and looking for investment strategies that work for them. Others may be starting a business or seeking advice on how to manage their finances more efficiently. Compass Financial Group works with its clients to assess their current financial situation, identify their goals, and develop a strategic plan to help them achieve their financial objectives. With Compass Financial Group's personalized and comprehensive services, residents of Raleigh can feel confident in their financial future.
Services Offered by Compass Financial Group, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Compass Financial Group, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Compass Financial Group, Inc. is registered to service clients in the following states:
- Florida
- Texas
Disciplinary History
Compass Financial Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.