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Douglas Schmitz

Financial Strategies Group
38 Years of Experience
Fargo, ND
5 Disclosures
View SEC Summary
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Douglas Schmitz is a registered investment advisor at Financial Strategies Group, based in Fargo, ND, with 38 years of industry experience. Douglas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Insurance Planning, and 3 more. Their firm serves 659 clients with $190M in assets under management.

Financial Strategies Group
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4 advisors
Number of Clients
659 clients
Average Client Portfolio
$287K average
Assets Under Management
$189.1M

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Fees range from 0.50% to 2.00% per year depending on account size and complexity. Clients may also elect a flat fee ranging from $1,000 to $100,000 per year.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1220 28th Avenue North, Fargo, ND, 58102

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History

Regulatory History (5)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
February 2024
Settled
Regulatory
May 2023
Final
Customer Dispute
August 2020
Closed-No Action
Customer Dispute
July 2020
Closed-No Action
Customer Dispute
April 2020
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Douglas is an Investment Advisor Representative at Classic Asset Management and Secure Asset Management. He also owns and manages Sunrise Apartments/Townhomes and Front Street Apartments, dedicating a few hours per week to this activity, and is a member of Classic Holdings, LLC.

Employment History
Current Registrations
Financial Strategies Group
July 2006 - Present · 20 yrs 3 mos
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
January 2026 - April 2026 · 3 mos
Secure Asset Management, L.L.C.
June 2024 - January 2026 · 1 yr 7 mos
Aurora SecuritiesBroker
March 2024 - January 2026 · 1 yr 10 mos
Classic, LLCBroker
November 2012 - April 2024 · 11 yrs 5 mos
Northstar Financial Partners, INC.Broker
January 2010 - December 2012 · 2 yrs 11 mos
Fintegra, LLCBroker
October 2007 - December 2009 · 2 yrs 2 mos
Questar Asset Management, INC.
January 2005 - October 2007 · 2 yrs 9 mos
Questar Capital Corporation
January 2003 - December 2005 · 2 yrs 11 mos
Questar Capital CorporationBroker
January 2003 - October 2007 · 4 yrs 9 mos
Multi-Financial Securities Corporation
January 2002 - December 2002 · 11 mos
Multi-Financial Securities CorporationBroker
September 1992 - December 2002 · 10 yrs 3 mos
Walnut Street Securities, INC.Broker
April 1990 - August 1992 · 2 yrs 4 mos
Fsc Securities CorporationBroker
November 1987 - April 1990 · 2 yrs 5 mos
State Registrations2 states
NDTX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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Douglas Schmitz - Financial Advisor | TrueAdvisor