{
  "crd_number": 146626,
  "slug": "north-compass-financial-advisors-llc-grand-rapids-mn-146626",
  "primary_business_name": "NORTH COMPASS FINANCIAL ADVISORS, LLC",
  "legal_name": "NORTH COMPASS FINANCIAL ADVISORS, LLC",
  "dbas": [],
  "city": "Grand Rapids",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "24330",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-08-05",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-09-16",
  "carried_forward": false,
  "raum_total": 145961708.0,
  "raum_discretionary": 145961708.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 73616676.0,
      "count": 268
    },
    "pension_profit_sharing": {
      "raum": 9267316.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 63077716.0,
      "count": 40
    }
  },
  "compensation_types": [
    "commissions",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MN"
  ],
  "websites": [
    "https://northcompassfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/146626",
  "city_as_filed": "GRAND RAPIDS",
  "url": "https://advisorcensus.com/firm/north-compass-financial-advisors-llc-grand-rapids-mn-146626",
  "display_name": "North Compass Financial Advisors, LLC",
  "summary": "North Compass Financial Advisors, LLC is an SEC-registered investment advisory firm in Grand Rapids, MN, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 16, 2026.",
  "citation": "AdvisorCensus. North Compass Financial Advisors, LLC (CRD 146626): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is North Compass Financial Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), North Compass Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; commissions."
    },
    {
      "q": "Where is North Compass Financial Advisors, LLC located?",
      "a": "North Compass Financial Advisors, LLC's principal office is in Grand Rapids, MN, according to its Form ADV."
    },
    {
      "q": "Is North Compass Financial Advisors, LLC registered with the SEC or a state?",
      "a": "North Compass Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 146626."
    },
    {
      "q": "How much does North Compass Financial Advisors, LLC manage?",
      "a": "North Compass Financial Advisors, LLC reports $145,961,708 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does North Compass Financial Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (268); high net worth individuals (40)."
    },
    {
      "q": "Which custodians does North Compass Financial Advisors, LLC use?",
      "a": "North Compass Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does North Compass Financial Advisors, LLC report any disciplinary disclosures?",
      "a": "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/146626"
    },
    {
      "q": "Does North Compass Financial Advisors, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 8, 2026 says: \"Registrant generally requires a Client minimum of $100,000 for its investment advisory services.\""
    },
    {
      "q": "What changed in North Compass Financial Advisors, LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Newly registered with the SEC."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 8, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000"
        ],
        "quotes": [
          "Registrant generally requires a Client minimum of $100,000 for its investment advisory services."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 100000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Registrant generally requires a Client minimum of $100,000 for its investment advisory services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/north-compass-financial-advisors-llc-grand-rapids-mn-146626.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 268,
      "fewer_than_5": false,
      "raum": 73616676.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 40,
      "fewer_than_5": false,
      "raum": 63077716.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 9267316.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/146626",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}