Financial Compass Corporation offers investment management using a long-term approach, financial planning services, and consulting services. The firm gets to know clients' needs and objectives to develop suitable portfolios. Clients grant Financial Compass discretionary authority to manage their accounts, but can impose restrictions. Financial planning covers a range of topics, and consulting services are offered on an ongoing or limited-scope basis.
Fee Structure
Financial Compass offers investment management services for a fee based on a percentage of the assets they manage. The annual fee schedule is as follows:
- $250,000-$499,999: 1.75%
- $500,000-$749,999: 1.50%
- $750,000-$999,999: 1.25%
- $1,000,000-$1,999,999: 1.15%
- $2,000,000-$4,999,999: 1.05%
- $5,000,000+: 0.95%
Under some circumstances, Financial Compass may charge up to 2.20% annually. Fees are calculated based on the average daily balance of the account and are billed monthly in arrears. The firm may combine account values of family members to determine the applicable fee.