Compass Capital Management Inc (Minneapolis)

Name: Compass Capital Management Inc
Address: 706 Second Avenue South, Minneapolis, MN, 55402
Telephone: 612-338-4051

Compass Capital Management Inc is a large advisory firm based in Minneapolis. It manages $1.16 billion of regulatory assets for 987 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Minnesota, and 5 other states.

Compass Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and sub-advisor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Compass Capital Management: assets under management

The assets under management (AUM) of Compass Capital Management Inc is $1.16 billion. The firm's AUM has grown by 353% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.15 billion in discretionary accounts and $10.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $313.56 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Compass Capital Management Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Compass Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Compass Capital Management is high net worth individuals with 162 clients and $771.95 million of assets under management. Among the 10 most similar advisory firms, Compass Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.16 billion for 271 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Compass Capital Management doesn't advise any private funds.

Careers at Compass Capital Management Inc

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Kelley	Principal/founder	1 Aug 1988	50% - 75%	2660411
Pilot Butte Company	Partnership	1 Aug 1988	25% - 50%	41-1460007
David Moris Carlson	Principal/founder	1 Aug 1988	Other	1027377
Dale Louis Waltz	Principal/founder	1 Aug 1988	Other	836787
Leigh Niebuhr	Senior portfolio manager & chief compliance officer	1 Jan 2013	Other	6150598

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sawmill Trust Company	General partner	1 Aug 1988	Other	20-1660652
Inc. Brooks Associates	General partner	1 Aug 1988	Other	41-1373234
Allbrook & Co.	General partner	1 Aug 1988	Other	41-6020463

Based in Minneapolis

The principal office where Compass Capital Management Inc performs its advisory services is located at 706 Second Avenue South, Minneapolis, MN 55402, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-338-4051 or by fax 612-339-1304. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at compasscap.com.