Wealth manager, wrap-program sponsor · West DES Moines, IA
Compass Financial Services
Compass Financial Services, Inc. · SEC-registered investment adviser · CRD 109441 · SEC 801-118466
At a glance
Compass Financial Services is an SEC-registered investment adviser based in West DES Moines, Iowa, with $407 million in regulatory assets under management as of its Form ADV filed April 28, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 1,105 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 3,428th of 8,915 wealth managers and 8,704th of 17,210 SEC-registered advisers by assets.
Main office 515-327-1020compassiowa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $407M
- Rank among wealth managers
- #3,428 of 8,915
- Rank among all SEC RIAs
- #8,704 of 17,210
- Rank in Iowa
- #43 of 91
- Individual clients
- 1,105
- High-net-worth clients
- 317
- Accounts
- 1,909
- Discretionary
- 100% of AUM
- Employees
- 12
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Steven A. ConardShareholder
- Caleb W. PearsonChief Compliance Officer
- Julie K. GreerShareholder
- Guy A. LemanShareholder
- Justin E. Van HoutenChief Executive Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Compass Financial Services is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed April 2026) names LPL Financial, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
t, clients may implement securities transactions through certain of our Investment Adviser Representatives in their respective individual capacities as registered representatives of LPL, an SEC registered broker-dealer and member of FINRA.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 317 | $265M | 65% |
| Individuals | 788 | $137M | 34% |
| Corporations or other businesses | – | $4M | <1% |
| Charitable organizations | – | $1M | <1% |
Disciplinary disclosures
Compass Financial Services 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
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗compassiowa.com ↗
AtlasMembers
The full record on Compass Financial Services
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, 5 years of filings
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- Growth over one, three and five years
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- Rank against 5,979 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 Services manage?
Compass Financial Services reports $407 million in regulatory assets under management across 1,909 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 28, 2026.
What kind of firm is Compass Financial Services?
Compass Financial Services 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 Services’s clients?
By assets, its largest client types are high-net-worth individuals ($265 million, 317 clients); individuals ($137 million, 788 clients); corporations or other businesses ($4 million).
Does Compass Financial Services have any disciplinary history?
Compass Financial Services 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 Services’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 (2026-04-28), 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 →