There are many reasons to use Compass, but perhaps the most popular is Compass’ extremely specific focus on the wealth management industry. Traditionally, full-service accounting firms cater to many industries and focus exclusively on the technical aspect of accounting.
With a client base consisting entirely of wealth management firms, Compass’ decision to work exclusively with financial advisors gives us the opportunity to advise not only on accounting issues, but regulatory, compliance and technological advancements as well.
Another benefit of this focus is our utilization of advanced reporting techniques to compare your firm’s performance against other firms in Compass’ network— which only consists of other wealth management firms— so you know you’re getting an apples-to-apples comparison.