Douglas
Schmitz

Classic Asset Management, LLC

CRD#1771132
Investment Advisor
in Fargo, ND

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About this Advisor

Douglas Schmitz is a financial advisor who works out of Fargo, North Dakota with 17 years of relevant experience. Schmitz currently works for Classic Asset Management, LLC. During their career, the advisor has held roles at Dougals G. Schmitz Insurance, Classic Asset Management LLC D/B/A Financial Strategies Group, Schmitz Financial Services, Classic LLC and Classic Holdings LLC. Schmitz maintains Series 63, Series 65 and Series 66 licenses, qualifying them as both a securities agent and an investment advisor representative, and is approved to serve investors in North Dakota and Texas. Classic Asset Management, LLC is an advisory company operating out of Fargo, ND. It handles $158 million in assets across its 1,891 accounts, placing it among the mid-sized investment advisory firms in the United States by assets under management. The firm provides services to three charities and foundations. Of its 1,891 accounts, just 4% are associated with high-net-worth investors who have more than $1 million in assets. The business provides a wide assortment of services, such as financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. Fees charged by financial advisors typically vary depending on which services are offered. Fee types charged by Classic Asset Management, LLC can consist of some combination of asset-based, hourly and fixed fees.

Certifications and Registrations

Series 63, Series 65, Series 66

Years Registered*

17 years

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Selection of other advisers, Other

Fee Structure

Percentage of Assets, Hourly Charges, Fixed Fees

Office Location

1220 28Th Avenue North
Fargo, ND 58102

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Classic Asset Management, LLC Brokerage Details

Total Assets Under Management

$158,396,000

ND Average: $301,464,358
Total Number of Employees

12

ND Average: 16
Total Number of Accounts

1,891

ND Average: 774
Average Account Size

$83,763

ND Average: $389,489

Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Selection of other advisers
  • Other

Douglas Schmitz Work History

Douglas has been registered as a financial advisor for 17 years.*

2013 - Present (11 years)

Classic LLC

2011 - Present (13 years)

Classic Holdings LLC

2006 - Present (18 years)

Classic Asset Management LLC D/B/A Financial Strategies Group

2005 - Present (19 years)

Schmitz Financial Services

1988 - Present (36 years)

Dougals G. Schmitz Insurance

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Douglas Schmitz to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Classic Asset Management, LLC

Jameson Holehouse
Fargo, ND
Tawna Hermanson
Fargo, ND
Craig Rottman
Fargo, ND
Austin Avery
Fargo, ND
Michael Young
Fargo, ND
Douglas Schmitz
Fargo, ND

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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