Item 5 Fees and Compensation
Financial Planning and Consulting Fees
Compass will assess a separate fee for such projects, which will be negotiated at the time of the
engagement and described in the financial planning agreement. Fees are based on an hourly
arrangement and range from $125 to $200 per/hour, depending on the financial professional providing
the service and the scope of the engagement. Fees are payable upon delivery of the financial plan.
Since financial planning is a discovery process; situations occur wherein the client is unaware of
certain financial exposures or predicaments. In the event that the client's situation is substantially
different than disclosed at the initial meeting, a fee will be provided for mutual agreement. The client
must approve the change of scope in advance of the additional work being performed when a fee
increase is necessary.
We will not require prepayment of a fee more than six months in advance and in excess of $1,200.
You may terminate the financial planning agreement upon written notice to our firm. If you have pre-
paid financial planning fees that we have not yet earned, you will receive a prorated refund of those
fees. If financial planning fees are payable in arrears, you will be responsible for a prorated fee based
on services performed prior to termination of the financial planning agreement.
Other Compensation
Various associates of Compass are also licensed to sell insurance in Tennessee and other states. In
providing advisory services, the associates may recommend the purchase of products under
circumstances where he/she would be entitled to receive a commission or other compensation in the
transaction. Insurance commissions earned by these persons are separate and in addition to our
advisory fees. This practice presents a conflict of interest because persons providing investment
advice on behalf of our firm who are insurance agents have an incentive to recommend insurance
products to you for the purpose of generating commissions rather than solely based on your needs.
You are under no obligation, contractually or otherwise, to purchase insurance products through any
person affiliated with our firm. In all such circumstances, however, the client will be notified of this
payment in advance of the transaction, and under no circumstances will the client pay both a
commission to the associate and a management fee to Compass on the same pool of assets.
Certain of Compass' employees are also Registered Representatives of Integrity Alliance, LLC, a
FINRA and SIPC member, and registered broker/dealer. As such, they are entitled to receive
commissions or other remuneration on the sale of insurance as well as other products. This practice
presents a conflict of interest because persons providing investment advice to advisory clients on
behalf of our firm who are registered representatives have an incentive to recommend investment
products based on the compensation received rather than solely based on your needs. To protect
client interests, Compass' policy is to disclose all forms of compensation before any such transaction is
executed. Clients will not pay both a commission to these individuals and also pay an advisory fee to
Compass on assets held in the same account. These fees are exclusive of each other.
As a result of this relationship, Integrity Alliance, LLC may have access to certain confidential
information (i.e., financial information, investment objectives, transactions, and holdings) about
Compass clients, even if the client does not establish any account through Integrity Alliance, LLC. If
you would like a copy of the Integrity Alliance, LLC privacy policy, please contact Travis Giffey, Chief
Compliance Officer of Compass.