North Compass Financial Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
North Compass Financial Advisors provides discretionary portfolio management and retirement-plan consulting to individuals, business entities, pension and profit-sharing plans, trusts, estates and charitable organizations. Like many advisory firms, its client base includes both individual and high-net-worth clients and the firm manages accounts on behalf of those clients.
The firm’s investment approach centers on long-term purchases and asset-allocation strategies implemented primarily through mutual funds and exchange-traded funds, with model allocations available as Conservative, Moderate, and Aggressive programs that follow Rule 3a-4 guidance. North Compass monitors accounts on an ongoing basis, commonly recommends Fidelity as custodian for execution, and offers clients an Advyzon platform to view aggregated holdings (including assets the firm does not manage).
A distinguishing feature in the brochure is that the firm is also registered as an insurance agency and its representatives are licensed to recommend insurance products and receive commission compensation for those sales, a practice the firm discloses as a potential conflict of interest. In addition to variable annuity subaccount management and pension consulting, the firm notes receipt of non-monetary support from its custodian relationship, which together reflect a mix of advisory, insurance, and implementation roles that is less common among peer advisers.
Client services
Fee options
Flat fees or lesser fees may be charged at the firm's discretion based on various factors; specific amounts not stated.
$0 - $200,000: 1.25% $200,001 - $500,000: 1.00% $500,001 - $1,000,000: 0.90% $1,000,001+: 0.75%
Insurance-related products sold on a commission basis by licensed agents; commission compensation earned is separate from advisory fees.
Account minimum: $100,000
Main office
21 NE 5th Street, Suite 301
Grand Rapids MN 55744
Advisors at this office
2
Most active in
Florida · Minnesota
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
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:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Raymond N
Series 63, Series 65
Grand Rapids, MN
North Compass Financial Advisors, LLC
Raymond Nikkel is a financial advisor with North Compass Financial Advisors, LLC, holding Series 63 and Series 65 credentials and 19 years of industry experience. He has been with North Compass Financial Advisors since 2008 and also operates a self-employed practice, Ray Nikkel & Assoc., since 1986. Outside of advising, he is a partner and Chief Operations Officer in an agricultural land management business, Nikkel Farms LLC. North Compass Financial Advisors provides discretionary portfolio management and retirement-plan consulting to individual and institutional clients. The firm employs long-term asset allocation strategies primarily through mutual funds and ETFs, offering model portfolios that range from Conservative to Aggressive.
Shane S
Series 63, Series 65
Grand Rapids, MN
North Compass Financial Advisors, LLC
Shane Skelly is a financial advisor at North Compass Financial Advisors, LLC with 18 years of industry experience. He holds Series 63 and Series 65 designations and previously worked at Cetera Investment Services and First National Bank of Coleraine. In addition to his advisory role, Skelly operates as an independent insurance agent. North Compass Financial Advisors offers discretionary portfolio management and retirement-plan consulting to individuals, businesses, and various entities. The firm’s investment approach focuses on long-term asset allocation using mutual funds and ETFs, with model portfolios tailored to different risk levels.
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