Compass Advisory Group LLC is a large advisory firm based in Melville. It manages $106 million of regulatory assets for 300 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New Jersey, New York, and Texas.
Compass Advisory Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Compass Advisory Group LLC is $106 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Compass Advisory Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Compass Advisory Group is high net worth individuals with 23 clients and $43 million of assets under management. Among the 5 most similar advisory firms, Compass Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $106 million for 183 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 Advisory Group doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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.
The principal office where Compass Advisory Group LLC performs its advisory services is located at 155 Pinelawn Road, Melville, NY 11747, 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 (516) 938-2400 or by fax (516) 938-2455. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at compassadvisors.com.