DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Compass Financial Services
Legal name Compass Financial Services, Inc.
Latest filing Apr 28, 2026
First filing on the tape Mar 18, 2020 · 19 filings
SEC status approved since Apr 21, 2020
RAUM
$407M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$403M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$58.2M
derived; firm RAUM over IAPD count
Employees
12
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$407M as of Apr 28, 2026
Feb 5, 2021$230M then
HNW client RAUM$265M as of Apr 28, 2026
Feb 5, 2021$86.2M then
State-registered IARs (5.B.3)6 as of Apr 28, 2026
Feb 5, 20216 then
Employees (5.A)12 as of Apr 28, 2026
Feb 5, 202110 then
Private funds: no history
RAUM +22% over the last fiscal year+17% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Apr 28, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $58.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 158derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $836,954derivedHNW RAUM over HNW clients
- Average account
- $213,436derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.1%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- $407MreportedItem 5.I
- Custody
- $3.4M, 11 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$265M65%
- Individuals$137M34%
- Corporations and businesses$3.7M0.9%
- Charitable organizations$1.2M0.3%
- Individual clients
- 788reported
- HNW clients
- 317reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,909reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $3.4M for 11 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Steven Anthony ConardCertified Financial Planner | West Des Moines, Ia | Oct 12, 2004 | 25 y | 0 |
| Michele Ann Bjorkgren | West Des Moines, Ia | Mar 7, 2013 | 24 y | 0 |
| Caleb Wellington Pearson | West Des Moines, Ia | Jul 11, 2013 | 14 y | 0 |
| Guy Allen Duane LemanCertified Financial Planner | West Des Moines, Ia | Sep 16, 2013 | 13 y | 0 |
| Justin Edwin Van Houten | West Des Moines, Ia | Aug 13, 2019 | 14 y | 0 |
| Alan David Hulstein | West Des Moines, Ia | Sep 23, 2022 | 13 y | 0 |
| Steven Kent Tallman | West Des Moines, Ia | Apr 29, 2026 | 13 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Anthony Steven Conard · Shareholdercontrolsince 01/2017 · owns 25% to 50%
- Allen Duane Guy Leman · Shareholdercontrolsince 01/2019 · owns 10% to 25%
- Wellington Caleb Pearson · Chief Compliance Officercontrolsince 01/2024 · owns 10% to 25%
- Edwin Justin Van Houten · Chief Executive Officercontrolsince 01/2024 · owns 25% to 50%
- Kay Julie Greer · Shareholdersince 01/2017 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Des Moines, Ia · principal | 7 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,806 to 1,909Oct 21, 2025 to Feb 4, 2026
- HNW clients · 278 to 317Oct 21, 2025 to Feb 4, 2026
- Individual clients · 783 to 788Oct 21, 2025 to Feb 4, 2026
- Assets in custody · $2.4M to $3.4MOct 21, 2025 to Feb 4, 2026
- Employees · 11 to 12Oct 21, 2025 to Feb 4, 2026
- Discretionary RAUM · $334M to $407MOct 21, 2025 to Feb 4, 2026
- HNW RAUM · $200M to $265MOct 21, 2025 to Feb 4, 2026
- Individual RAUM · $129M to $137MOct 21, 2025 to Feb 4, 2026
- Pension RAUM · 177436.0 to unsetOct 21, 2025 to Feb 4, 2026
- RAUM · $334M to $407MOct 21, 2025 to Feb 4, 2026
- Accounts · 1,684 to 1,806Apr 30, 2024 to Feb 13, 2025
- Advisory employees · 7 to 6Apr 30, 2024 to Feb 13, 2025
- BD registered reps · 7 to 6Apr 30, 2024 to Feb 13, 2025
- HNW clients · 257 to 278Apr 30, 2024 to Feb 13, 2025
- Individual clients · 760 to 783Apr 30, 2024 to Feb 13, 2025
- Assets in custody · $1.2M to $2.4MApr 30, 2024 to Feb 13, 2025
- Employees · 12 to 11Apr 30, 2024 to Feb 13, 2025
- Insurance-licensed employees · 3 to 2Apr 30, 2024 to Feb 13, 2025
- Financial planning clients · 51-100 to 51-100Apr 30, 2024 to Feb 13, 2025
- State-registered IARs · 7 to 6Apr 30, 2024 to Feb 13, 2025
- Discretionary RAUM · $288M to $334MApr 30, 2024 to Feb 13, 2025
- HNW RAUM · $166M to $200MApr 30, 2024 to Feb 13, 2025
- Individual RAUM · $119M to $129MApr 30, 2024 to Feb 13, 2025
- Pension RAUM · $175,182 to $177,436Apr 30, 2024 to Feb 13, 2025
- RAUM · $288M to $334MApr 30, 2024 to Feb 13, 2025
- Accounts · 1,588 to 1,684Oct 25, 2023 to Feb 2, 2024
- HNW clients · 232 to 257Oct 25, 2023 to Feb 2, 2024
- Individual clients · 736 to 760Oct 25, 2023 to Feb 2, 2024
- Assets in custody · $1.4M to $1.2MOct 25, 2023 to Feb 2, 2024
- Insurance-licensed employees · 1 to 3Oct 25, 2023 to Feb 2, 2024
- Discretionary RAUM · $254M to $288MOct 25, 2023 to Feb 2, 2024
- HNW RAUM · $137M to $166MOct 25, 2023 to Feb 2, 2024
- Individual RAUM · $114M to $119MOct 25, 2023 to Feb 2, 2024
- Pension RAUM · $174,682 to $175,182Oct 25, 2023 to Feb 2, 2024
- RAUM · $254M to $288MOct 25, 2023 to Feb 2, 2024
- Other offices · 1 to 0Jan 20, 2023 to Mar 31, 2023
- Accounts · 1,415 to 1,588Oct 7, 2022 to Jan 20, 2023
- Advisory employees · 6 to 7Oct 7, 2022 to Jan 20, 2023
- BD registered reps · 6 to 7Oct 7, 2022 to Jan 20, 2023
- HNW clients · 211 to 232Oct 7, 2022 to Jan 20, 2023
Signals
2 dated events
- Scott Kurtis Pearson (President) no longer on Schedule A of Compass Financial Services (listed 2024-02-02, absent 2024-04-30)Apr 30, 2024 · Control person left · inference
- Compass Financial Services filed its initial SEC registration (Form ADV)Mar 18, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 515-440-1618reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 515-327-1020reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/compassfinancialservicesreportedpublic record, Form ADV, Sep 18, 2026
- Website
- COMPASSIOWA.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 515-327-1020reportedpublic record, Form ADV, Apr 28, 2026
- Contact form
- compassiowa.com/connectreportedpublished by the firm, firm site, Sep 17, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $58.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026