Firm Information Compass Financial Advisory Services, LLC registered with the SEC as an investment advisor in 2021 to directly provide advisory services primarily to Publix1 employees. Previously, since 1991, Compass Financial Management Group, Inc. was helping Publix employees through an unaffiliated broker dealer arrangement. Throughout the years, the relationship and track record with Publix employees has been a driving reason for growth. As with any other financial companies, Compass Financial Advisory Services, LLC is not endorsed by Publix Corporate offices. Compass Financial Advisory Services, LLC is a faith-based organization. Plans are tailored to meet the specified needs of each client. This disclosure brochure provides information regarding the qualifications, business practices and details of the advisory services and the applicable fees. Our business model is unique in that our client base comes mostly from a regional grocery store chain, Publix Supermarkets, that is employee owned and operated. The retirees overwhelming investment experience and exposure has been mostly in Publix Supermarkets stock which is privately traded and valued four times per year. Our retirement planning approach is to segment assets into two parts, income and growth which is usually Publix Stock. Our income planning takes a long-term retirement income approach allowing a long-term timeframe for the growth component as well. Principal Owner Tara A. Sanders, CFP® President, and Chief Compliance Officer Ms. Sanders is a Certified Financial Planner™ and a 51% owner of Compass Financial Advisory Services, LLC along with Compass Financial Management Company, Inc. that also owns 49% of Compass Financial Advisory Services, LLC. Ms. Sanders joined Compass Financial Management Group, Inc. in 2003 and has been in the financial services industry since 1994 where she began her career at Merrill Lynch. She is the President, Chief Compliance Officer and an Investment Advisor Representative of Compass Financial Advisory Services, LLC. She is involved in oversight of the RIA and the ongoing financial planning needs of our clients. In her free time, Tara enjoys spending time with her husband and three children and is involved in her church. 1 Publix is a privately owned company providing food and pharmacy throughout the southeast. The common stock is not publicly traded on a stock exchange, so it does not have a "ticker" symbol. Only eligible active associates and members of the board of directors can purchase Publix stock during designated offering periods. Advisory Services Offered Compass Financial Advisory Services, LLC provides financial planning and fee-based investment advisory services primarily to individual Clients and high-net worth individuals with a focus on retirement. Client relationships generally begin by identifying financial goals, defining risk tolerance and determining a retirement strategy consistent with a Clients best interests. Assets are managed on a discretionary or non-discretionary basis. Investment strategies and recommendations are tailored to the individual needs of each Client but generally consist of an asset allocation consistent with:
• Income with Capital Preservation. Designed as a longer-term accumulation account, this investment objective is considered generally the most conservative. Emphasis is placed on generation of current income with minimal risk of capital loss. Lowering the risk generally means lowering the potential income and overall return.
• Income with Moderate Growth. This investment objective emphasizes generation of current income with a secondary focus on moderate capital growth.
• Growth with Income. This investment objective emphasizes modest capital growth with some focus on generation of current income.
• Growth. This investment objective emphasizes achieving high long-term growth and capital appreciation.
• Aggressive Growth. This investment objective emphasizes aggressive growth and maximum capital appreciation, with no focus on generation of current income. This objective has an extremely high level of risk and is for investors with a longer timer horizon. At no time will Compass Financial Advisory Services, LLC accept or maintain custody of a Client’s funds or securities. All Client assets will be managed within their designated brokerage account pursuant to the Client investment advisory agreement on a discretionary or non-discretionary basis.
• Investment advice is not limited to certain investment types.
• A minimum total investment amount is generally not required.
• Advisory services are tailored to the individual need of each Client. Compass Financial Advisory Services, LLC Wrap Fee Program Compass Financial Advisory Services offers a comprehensive, open-architecture, fee-based investment platform to offer Clients customized advice and service. The program provides a foundation to develop long-term financial goals and provide potential solutions. Clients may impose restrictions on investing in certain securities. Compass Financial Advisory Services acts as the sponsor and portfolio manager. As the sponsor, Compass Financial Advisory Services provides regular and continuous management and advice to clients regarding the allocation of assets. The assets typically consist of mutual funds and ETFs. The cost to manage an account, advisory fees and transaction expenses are “wrapped” into a combined fee; however, additional account level fees are disclosed in the account opening documents and fund prospectuses.
• Please see Appendix 1 –Wrap Fee Program Brochure, which is included as a supplement to this Disclosure Brochure for additional details. Client Account Management Prior to engaging Compass Financial Advisory Services, LLC to provide investment advisory services, each Client is required to enter into an investment advisory agreement with that defines the terms, conditions, authority, and responsibilities. Assets Under Management Assets under management will be amended within 90 days of the fiscal year end of December 31st. Assets under Management (12/31/2023) Discretionary $325,260,870 Non-Discretionary $0.00 Total $325,260,870 Retirement Plan Rollovers An employee generally has four (4) options for their retirement plan when they leave an employer: 1. Leave the money in his/her former employer’s plan, if permitted 2. Rollover the assets to his/her new employer’s plan if one is available and permitted 3. Rollover to an Individual Retirement Account (IRA), or 4. Cash out the account value, which has significant tax considerations Each of these options has advantages and disadvantages and before making a change we encourage you to speak with your CPA and/or tax attorney. If you are considering rolling over your retirement funds to an IRA for us to manage here are a few points to consider before you do so:
• Determine whether the investment options in your employer's retirement plan address your needs or whether you might want to consider other types of investments.
• Employer retirement plans generally have a more limited investment menu than IRAs but may have lower fees than our fees.
• Employer retirement plans may have unique investment options not available to the public such as employer securities, or previously closed funds. If you elect to roll the assets to an IRA that is subject to our management, we will charge you an asset-based fee as set forth in the agreement you executed with our firm. This practice presents a conflict of interest because Investment Advisor Representatives have an incentive to recommend a rollover to you for the purpose of generating fee-based compensation rather than solely based on your needs. You are under no obligation, contractually or otherwise, to complete the rollover. Moreover, if you do complete the rollover, you are under no obligation to have the assets in an IRA managed by our firm. Many

employers permit former employees to keep their retirement assets in their company plan. Also, current employees can sometimes move assets out of their company plan before they retire or change jobs. In determining whether to complete the rollover to an IRA, and to the extent the following options are available, you should consider the costs and benefits of each. An employee will typically be investing only in mutual funds, you should understand the cost structure of the share classes, available in your employer's retirement plan and how the costs of those share classes compare with those available in an IRA. Clients should understand the various products and services they might take advantage of at an IRA provider and the potential costs of those products and services.
• Our strategy may have higher risk than the option(s) provided to you in your plan.
• Your current plan may also offer financial advice.
• If you keep your assets titled in a 401k or retirement account, participants could potentially delay their required minimum distribution.
• A 401(k) may offer more liability protection than a rollover IRA; each state may vary.
• Participants may be able to take out a loan on your 401k, but not from an IRA.
• IRA assets can be accessed any time; however, distributions are subject to ordinary income tax and may also be subject to a 10% early distribution penalty unless they qualify for an exception such as disability, higher education expenses or the purchase of a home.
• If company stock is owned in a plan, participants may be able to liquidate those shares at a lower capital gains tax rate.
• Plans may allow Advisor to be hired as the manager and keep the assets titled in the plan name. Generally, federal law protects assets in qualified plans from creditors. Since 2005, IRA assets have been generally protected from creditors in bankruptcies. However, there can be some exceptions to the general rules so you should consult with an attorney if you are concerned about protecting your retirement plan assets from creditors. It is important to understand the differences between these types of accounts and to decide whether a rollover is the best option. Prior to proceeding, if you have questions contact your Investment Adviser Representative, or call our home office as listed on the cover page of this brochure. When Advisor provides investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this sp ecial rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. Advisor also provides educational services to retirement plan participants with assets that could potentially be rolled-over to an IRA advisory account. Education is based on a particular Client’s financial circumstances and best interests. Again, Advisor has an incentive to recommend such a rollover based on the compensation received, which is mitigated by the fiduciary duty to act in a Client’s best interest and acting accordingly. Retirement Plan Participant-level, Non-fiduciary Services Compass Financial Advisory Services, LLC can provide non-fiduciary, educational services to plan participants. In offering any such services, the IAR is not acting as a fiduciary under ERISA and will act solely within the Department of Labor’s Interpretive Bulletin 96-1 providing education only. Insurance Products Investment advisor representatives of Compass Financial Advisory Services, LLC can also be insurance agents to sell insurance products for commission compensation. Client portfolios are initially reviewed to determine the degree of market exposure compared to their risk profile and income needs. If in a client’s best interest, Compass Financial Advisory Services, LLC will recommend that a portion of a client’s total portfolio include an insurance product with features not otherwise available in a portfolio of only securities. Insurance products are only recommended to clients where we believe, after careful review, that the product is in a client’s best interest; insurance products are therefore not recommended to all clients. Compass Financial Advisory Services, LLC will evaluate the features and costs of existing insurance products before recommending the purchase of a new product. It certain cases, a replacement of an existing product will be in the client’s best interest based on the product features and overall cost consideration. The commission compensation for the sale of insurance products, paid by the insurance carrier (not the client), can appear significantly greater in some instances and can be paid entirely upfront. However, the services for most client accounts is over a 14 to 15 year time-frame where the firm is committed to providing on-going services with no additional compensation. The specific amount of a commission payment is not required to be disclosed; however, each client is provided a PTE 84-24 Disclosure and Acknowledgement Form that details the commissions paid by the insurance carrier. The commission payment does not reduce the amount of funds invested by a client. Clients are encouraged to ask if they have any additional questions. Investment Advisor Representatives of Compass Financial Advisory Services, LLC, when acting in the capacity of an insurance agent still have a fiduciary duty to act in a client’s best interest. Financial Planning Services Compass Financial Advisory Services, LLC, provides financial planning. The type of planning can vary greatly depending on the scope and complexity of an individual’s financial situation. Examples of the type of planning available include but are not limited to the following:
• Retirement Planning – The ongoing process of defining retirement income goals and the actions necessary to attain stated goals. This planning also includes identifying all sources of income and determining annual expenses while managing assets and risk.
• Investment Planning – Planning that implements an investment strategy to utilize financial resources to meet stated financial goals consistent with objectives, time horizons, and risk tolerances.
• Tax Planning – Compass Financial Advisory Services, LLC will generally consult with the client’s outside tax professional during the financial planning process with the objective of utilizing the most tax efficient plan to maximize overall goals.
• Insurance and Asset Protection Planning – Precautionary planning that shelters you and your loved ones from unexpected financial loss. This type of planning satisfies the ongoing financial needs of survivors such as housing, child care, and education funding.
• Legacy and Wealth Transfer Planning – Planning that focuses on the most efficient and tax friendly options to pass an estate to a spouse, other family members, or a charity. Prior to engaging the firm to provide stand-alone planning or consulting services, Clients are required to enter into an Agreement setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the portion of the fee that is due from the Client prior to the firm commencing services.