# Compass Financial Services

> Compass Financial Services is an SEC-registered investment advisory firm in West des Moines, IA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 28, 2026.

- CRD: 109441
- Filed as: COMPASS FINANCIAL SERVICES
- Legal name: Compass Financial Services, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West des Moines, IA
- Filing period: October 2026
- Form ADV filing dated: April 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109441
- AdvisorCensus page: https://advisorcensus.com/firm/compass-financial-services-west-des-moines-ia-109441

## Quick answers

**How is Compass Financial Services compensated?**
On its Form ADV (Item 5.E, October 2026), Compass Financial Services reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Where is Compass Financial Services located?**
Compass Financial Services' principal office is in West des Moines, IA, according to its Form ADV.

**Is Compass Financial Services registered with the SEC or a state?**
Compass Financial Services is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 109441.

**How much does Compass Financial Services manage?**
Compass Financial Services reports $407,449,818 in regulatory assets under management in its Form ADV filing dated April 28, 2026 (100% discretionary).

**How have Compass Financial Services' assets and staff changed since 2021?**
In the Form ADV data for Compass Financial Services: Regulatory assets under management: $229,650,000 in the October 2021 data and $407,449,818 in the October 2026 data, up 77%. Total employees: 10 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Compass Financial Services serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (788); high net worth individuals (317).

**Which custodians does Compass Financial Services use?**
Compass Financial Services' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Compass Financial Services report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109441

**Does Compass Financial Services state an account minimum?**
Its Form ADV Part 2A brochure dated April 28, 2026 says: "The Adviser has no minimum account size."

**What changed in Compass Financial Services' recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $333,738,881 to $407,449,818 (+22%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Fees and minimums (Form ADV Part 2A brochure dated April 28, 2026)

- Account minimum: None

> The Adviser has no minimum account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- LPL Financial LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $407,449,818
- Discretionary: $407,449,818
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 788 | $137,291,362 |
| High net worth individuals | 317 | $265,314,505 |
| Charitable organizations | Fewer than 5 | $1,163,053 |
| Corporations or other businesses not listed above | Fewer than 5 | $3,680,898 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2020 (6 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, IA, MN, MO, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- compassiowa.com
- Facebook @COMPASSFINANCIALSERVICES
- LinkedIn @compassfinancialservices
- YouTube @UCIOseqe6PpvmBXyRvQ6-3FQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $229,650,000 | 10 | August 19, 2021 |
| October 2022 | $275,281,944 | 11 | September 23, 2022 |
| October 2023 | $254,485,742 | 12 | March 31, 2023 |
| October 2024 | $288,212,009 | 12 | April 30, 2024 |
| October 2025 | $333,738,881 | 11 | February 13, 2025 |
| October 2026 | $407,449,818 | 12 | April 28, 2026 |

Regulatory assets under management: $229,650,000 in the October 2021 data and $407,449,818 in the October 2026 data, up 77%.
Total employees: 10 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $333,738,881 to $407,449,818 (+22%).

### January 2026
- No longer registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Compass Financial Services (CRD 109441): Form ADV filing data as of October 2026.