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Donald Scramstad

31 Years of Experience
Detroit Lakes, MN
Broker

Donald Scramstad is a registered investment advisor at Cetera Investment Advisers LLC, based in Detroit Lakes, MN, with 31 years of industry experience. Donald operates on a fee-only basis, meaning they do not earn commissions from product sales. Their firm serves 584,487 clients with $160B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
10345 advisors
IM Fee
Planning only
Assets Under Management
$163.8B
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Location

Detroit Lakes, MN

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

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Other Business Activities

Donald is a Senior Vice President-Investments at FFEC Wealth Partners, a financial services firm, since April 2022. He dedicates about a quarter of his time to providing financial services.

Employment History
Current Registrations
Cetera Investment Advisers LLC
June 2023 - Present · 3 yrs 1 mo
Cetera Wealth Services, LLCBroker
April 2022 - Present · 4 yrs 3 mos
Cetera Wealth Services, LLC
April 2022 - Present · 4 yrs 3 mos
Previous Registrations
Cetera Advisor Networks LLC
April 2022 - June 2023 · 1 yr 2 mos
First Financial Equity CorporationBroker
May 2011 - April 2022 · 10 yrs 11 mos
First Financial Equity Corporation
May 2011 - April 2022 · 10 yrs 11 mos
Bancwest Investment Services, INC.Broker
March 2009 - May 2011 · 2 yrs 2 mos
Bancwest Investment Services, INC. (bwis) and Bwis D/b/a Fhis
March 2009 - May 2011 · 2 yrs 2 mos
UBS Financial Services INC.
August 2006 - March 2009 · 2 yrs 7 mos
UBS Financial Services INC.Broker
August 2006 - March 2009 · 2 yrs 7 mos
Piper Jaffray & CO.
September 2001 - August 2006 · 4 yrs 11 mos
Piper Jaffray & CO.Broker
January 2000 - August 2006 · 6 yrs 7 mos
U.S. Bancorp Investments, INC.Broker
September 1996 - September 2001 · 5 yrs
Lutheran Brotherhood Securities CORP.Broker
June 1994 - July 1996 · 2 yrs 1 mo
State Registrations9 states
ARAZCACOMNMTNDNVWA
AdvisorBrokerBoth

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.
Donald Scramstad - Financial Advisor | TrueAdvisor