North Compass Financial Advisors, LLC

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Client assets under management

$136,694,392

Clients

308

13% high-net worth

Advisors

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

154

Very High

Average account size

$443,813

About

North Compass Financial Advisors, LLC advises individuals, business entities, pension and profit-sharing plans, trusts, estates and charitable organizations, providing discretionary portfolio management and pension consulting services. The firm reports approximately $146 million in assets under management, two advisors, and about 308 client relationships.

The firm typically implements client strategies by allocating primarily to mutual funds and ETFs across its asset-allocation programs (ranging from very conservative to aggressive) and favors long-term purchases with ongoing monitoring and periodic reviews. It generally recommends Fidelity as custodian, offers discretionary management, and provides client reporting through an online platform that can display assets the firm does not manage.

Compared with many peers, the firm also operates as a licensed insurance agency and discloses that certain representatives may recommend insurance products for commission, with those commissions paid separately from advisory fees — a conflict of interest the brochure highlights. The firm also notes the potential for commission-based compensation in some transactions, which is relatively uncommon among similar supported advisors.

Client services

Portfolio management Pension consulting

Fee options

Fixed

Flat fees and fee waivers possible at firm's discretion based on client criteria.

Percentage

$0 - $200,000: 1.25% $200,001 - $500,000: 1.00% $500,001 - $1,000,000: 0.90% $1,000,001+: 0.75%

Commissions

Insurance-related products sold by licensed insurance agents associated with the firm on a commission basis, separate from advisory fees.

Other

Account minimum: $100,000 Fee-only: Annual investment advisory fees between 0.75% and 1.25%, negotiable; Retirement Plan Consulting Service fees between 0.25% and 0.75%

Main office location

North Compass Financial Advisors, LLC

21 Ne 5 Th Street, Suite 301

Grand Rapids MN 55744, United States

Number of offices

Most active in

Florida · Minnesota · Wisconsin

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Website 218-326-4722

Advisors at this firm

Raymond N

Series 63, Series 65

Grand Rapids, MN

North Compass Financial Advisors, LLC

Raymond Nikkel is a financial advisor at North Compass Financial Advisors, LLC in Grand Rapids, MN, holding Series 63 and Series 65 credentials with 18 years of industry experience. He has been with North Compass Financial Advisors since 2008 and has operated his own advisory business since 1986. Outside of advising, he serves as Chief Operations Officer and partner of Nikkel Farms LLC, an agricultural land management company. North Compass Financial Advisors provides discretionary investment management and advisory services to individuals, businesses, retirement plans, trusts, estates, and charitable organizations. The firm serves both individual and high-net-worth clients, focusing on long-term portfolios primarily using mutual funds and ETFs, and also offers retirement plan consulting and variable annuity subaccount management.

Shane S

Series 63, Series 65

Grand Rapids, MN

North Compass Financial Advisors, LLC

Shane Skelly is a financial advisor with North Compass Financial Advisors, LLC, holding Series 63 and Series 65 licenses and bringing 18 years of industry experience. His prior experience includes roles at Cetera Investment Services and First National Bank of Coleraine. He is also an independent insurance agent, a role he has maintained since 2008. North Compass Financial Advisors provides discretionary investment management and advisory services to individuals, business entities, retirement plans, trusts, estates, and charitable organizations. The firm serves both individual and high-net-worth clients, focusing on long-term portfolios primarily composed of mutual funds and ETFs, and offers retirement plan consulting alongside individual portfolio management.

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