Wealth manager, independent · Fort Wayne, IN
Compass Financial Advisors LLC
SEC-registered investment adviser · CRD 109131 · SEC 801-56002
At a glance
Compass Financial Advisors LLC is an SEC-registered investment adviser based in Fort Wayne, Indiana, with $282 million in regulatory assets under management as of its Form ADV filed March 26, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 634 individual clients. By Form ADV it is a wealth manager, ranked 4,582nd of 8,915 wealth managers and 10,483rd of 17,210 SEC-registered advisers by assets.
Main office 260-490-7878compassadvisor.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $282M
- Rank among wealth managers
- #4,582 of 8,915
- Rank among all SEC RIAs
- #10,483 of 17,210
- Rank in Indiana
- #96 of 146
- Individual clients
- 634
- High-net-worth clients
- 145
- Accounts
- 730
- Discretionary
- 100% of AUM
- Employees
- 9
- Advisory staff
- 9
- Offices
- 4
Owners and executives on its Form ADV
- Lynn R. FiselMember
- David E. FoughtMember
- James J. BobosChief Executive Officer
- Clifford L. MalingsMember
- Kevin M. KimChief Compliance Officer
- Kurt A. GutmanChief Operating Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Compass Financial Advisors LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Ausdal Financial Partners as the broker-dealer its advisers are registered with.
Broker-Dealer Affiliation Certain Representatives of Compass are also registered representatives of Ausdal Financial Partners, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 145 | $147M | 52% |
| Individuals | 489 | $46M | 16% |
| State or municipal government entities | 1 | $45M | 16% |
| Pension and profit sharing plans | 16 | $32M | 11% |
| Charitable organizations | 6 | $11M | 4% |
| Corporations or other businesses | 2 | $1M | <1% |
Disciplinary disclosures
Compass Financial Advisors LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗compassadvisor.com ↗
AtlasMembers
The full record on Compass Financial Advisors LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
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- Rank against 6,492 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Compass Financial Advisors LLC manage?
Compass Financial Advisors LLC reports $282 million in regulatory assets under management across 730 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
What kind of firm is Compass Financial Advisors LLC?
Compass Financial Advisors LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Compass Financial Advisors LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($147 million, 145 clients); individuals ($46 million, 489 clients); state or municipal government entities ($45 million, 1 clients).
Does Compass Financial Advisors LLC have any disciplinary history?
Compass Financial Advisors LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Compass Financial Advisors LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →