Raymond L. Nikkel

NORTH COMPASS FINANCIAL ADVISORS

Grand Rapids, MN 55744

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CRD#: 1833934

Professional summary

Raymond Lee Nikkel, AIF®, who also goes by Ray Nikkel, is a registered financial advisor currently at NORTH COMPASS FINANCIAL ADVISORS, LLC located in Grand Rapids, Minnesota.

Raymond is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1988. Raymond has worked at 6 firms and has passed the Series 65, Series 63, Series 6 and Series 26 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Ray Nikkel

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

I own a rental house, located at 2754 Airport Road Grand Rapids MN 55744. Approximately 2 hours a month is devoted to this entity; none of the time during security trading hours. Since 2012, I have been the Chief Operations Officer and a partner in Nikkel Farms LLC, located at 21 NE 5th Street Grand Rapids MN 55744. The entity deals with agriculture land management. Approximately 2 hours a month is devoted to this entity; none of the time during security trading hours. INSURANCE AGENT, INVESTMENT RELATED, SELLS INSURANCE PRODUCTS, SPENDS APPROXIMATELY 10 HRS/MTH AND 10 HRS DURING TRADING.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Raymond Lee Nikkel's CRS (Customer Relationship Summary).

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

AIF^®

Accredited Investment Fiduciary

Experience

Current

August 26, 2008 - Present

NORTH COMPASS FINANCIAL ADVISORS, LLC

Office #1: 21 Ne 5th Street, Suite 301, Grand Rapids, MN 55744

RIA

CRD#: 146626

Grand Rapids, MN

Past

June 18, 2007 - August 15, 2008

NORTH COMPASS FINANCIAL ADVISORS, INC.

RIA

CRD#: 115277

GRAND RAPIDS, MN

Past

February 24, 2006 - March 8, 2007

UNITED SECURITIES ALLIANCE, INC.

CRD#: 36487

GREENWOOD VILLAGE, CO

Past

January 20, 1998 - March 2, 2006

AMERICAN GENERAL SECURITIES INCORPORATED

CRD#: 13626

HOUSTON, TX

Past

October 1, 1997 - December 31, 1997

AMERICAN GENERAL SECURITIES INCORPORATED

CRD#: 13626

PHOENIX, AZ

Past

April 1, 1991 - October 1, 1997

USLIFE EQUITY SALES CORP.

CRD#: 7962

NEW YORK, NY

Past

June 24, 1988 - April 1, 1991

PFS INVESTMENTS INC.

CRD#: 10111

DULUTH, GA

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

Highlighted states indicate IAR registrations

IAR

Florida
(4/16/2018)

IAR

Minnesota
(11/7/2013)

IAR

Wisconsin
(12/15/2021)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 1/6/2001

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 6/23/1988

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 6

Date: 6/23/1988

Investment Company Products/Variable Contracts Representative Examination

Principal/Supervisory Exam

Series 26

Date: 5/12/1989

Investment Company Products/Variable Contracts Principal Examination

Current Firm

NORTH COMPASS FINANCIAL ADVISORS, LLC

CRD#: 146626 / SEC#: 801-69206

RIA

Registered Investment Advisory firm - (5/25/2012 Terminated)

Florida

Registered Investment Advisory firm - (4/16/2018 Approved)

Minnesota

Registered Investment Advisory firm - (5/9/2012 Approved)

Texas

Registered Investment Advisory firm - (12/31/2022 Terminated)

Wisconsin

Registered Investment Advisory firm - (3/14/2012 Approved)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

21 Ne 5th Street, Suite 301, Grand Rapids, MN 55744

Mailing Address

Phone number

(218) 326-4722

Established

Firm type

Fiscal year end

# of Employees

Documents

Latest Form ADV

Regulatory assets under management

Total Number of Accounts	381
AUM (Assets Under Management)	$ 93,238,522

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Raymond L. Nikkel

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Raymond Lee Nikkel's CRS (Customer Relationship Summary).

Certified licenses

Experience

NORTH COMPASS FINANCIAL ADVISORS, INC.

UNITED SECURITIES ALLIANCE, INC.

AMERICAN GENERAL SECURITIES INCORPORATED

AMERICAN GENERAL SECURITIES INCORPORATED

USLIFE EQUITY SALES CORP.

PFS INVESTMENTS INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 1/6/2001

Series 63

Date: 6/23/1988

Series 6

Date: 6/23/1988

Series 26

Date: 5/12/1989

Current Firm

NORTH COMPASS FINANCIAL ADVISORS, LLC

Contact information

Documents

Regulatory assets under management

Red Flags

Company Information

NORTH COMPASS FINANCIAL ADVISORS, LLC

TRUST BUT VERIFY

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