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Donald Martin Scramstad

Advisor at Cetera — Detroit Lakes, MN

Updated today

Credentials

Series 63, Series 66

Experience

32 years

Location

Detroit Lakes, MN

Cetera logo

Cetera

Institution

Total advisors

10,190

Across 5,098 offices

Clients per advisor

79 Low

Avg AUM per client

$306,089 Low

HNW client ratio

10% Low

About

Donald Scramstad is a financial advisor at Cetera with 31 years of industry experience. He holds Series 63 and Series 66 designations. Prior to joining Cetera, he worked at First Financial Equity Corporation for 11 years. He also serves as Senior Vice President-Investments at FFEC Wealth Partners. Cetera Investment Advisers LLC is an SEC-registered adviser serving individual, retirement plan, corporate, charitable, and institutional clients nationwide. The firm offers a range of portfolio management and financial planning services through a multi-manager platform with access to affiliated and third-party managers.

Client services

Based on Cetera

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

Based on Cetera

Wealth management Tax-loss harvesting Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy

Occupation focus

Based on Cetera

Founder/Business Owner Executive

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Fee options

Fixed

Flat fees may be charged for financial planning and consulting services as negotiated with advisor.

Percentage

$0 - $250,000: up to 2.90% $250,001 - $500,000: up to 2.90% $500,001 - $1,000,000: up to 2.70% $1,000,001 - $2,000,000: up to 2.00% $2,000,001+: up to 1.50%

Commissions

Advisors may be registered representatives and licensed insurance agents earning commissions on securities and insurance products.

Project-based

Consulting and financial planning services may be charged on an hourly rate basis, ranges not specifically stated.

Other

Account minimum: $5,000 Fee-only: Flat fees for financial planning and consulting services; hourly fees for financial planning and consulting according to client agreement; fees negotiated with advisor.

Location

See office

Detroit Lakes, MN

Detroit Lakes MN

Advisors at this office

1

Most active in

Colorado · Minnesota

Work history

32 years of industry experience

Cetera

2023 - Present • 3 years

Schaumburg, IL

Cetera Wealth Services, LLC

2022 - Present • 4 years

El Segundo, CA

First Financial Equity Corporation

2011 - 2022 • 11 years

Greenwood Village, CO

Bancwest Investment Services, Inc.

2009 - 2011 • 2 years

CO

UBS Financial Services

2006 - 2009 • 3 years

Piper Sandler & Co.

2001 - 2006 • 5 years

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

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Matthew J

Series 63, Series 66

Detroit Lakes, MN

Future Bright

Matthew Johnson is a financial advisor at Future Bright with 20 years of industry experience. He holds Series 63 and Series 66 credentials and previously worked with Raymond James Financial Services and UBS Financial Services. Outside of his advisory role, Johnson serves on the board of the Boys and Girls Club Thrift Store of Detroit Lakes. Future Bright provides discretionary investment management and advisory services to individuals, high-net-worth clients, small businesses, and retirement plans. The firm employs a mix of fundamental, technical, and cyclical analysis to build portfolios primarily invested in equities, mutual funds, and ETFs, with additional private placement opportunities for accredited investors.

Private / alternative investments Active portfolio management Founder/Business Owner Retired HENRY (High Earners, Not Rich Yet)
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Kevin M

CFP®, Series 63, Series 65

Detroit Lakes, MN

Mann Financial Group

Kevin Mann is a CFP® with 31 years of experience in the financial industry. He has worked at Mann Financial Group since 2000 and previously held roles at Cantella & Co., Inc., Moorhead Partners LLC, and Raymond James Financial Services. Mann is also a licensed insurance agent involved in the sale and servicing of various insurance products and fixed annuities. Mann Financial Group provides advisory services primarily to pension and profit sharing plans and also serves retail clients through a wrap-fee program. The firm uses a diversified, risk-based asset allocation approach and acts as an ERISA fiduciary for retirement accounts.

Retired
user avatar

Brian M

CFP®, Series 63, Series 65, Series 66

Detroit Lakes, MN

Mann Financial Group

Brian Mann is a CFP® with 20 years of experience in the financial services industry. He is a principal at Mann Financial Group in Detroit Lakes, MN, where he has worked since 2012. Prior to founding Mann Financial Group, he was with Raymond James Financial Services Advisors Inc. and Cantella & CO., Inc. Additionally, he is a licensed insurance agent and sells various non-securities insurance products and fixed annuities. Mann Financial Group provides advisory services primarily to pension and profit sharing plans, along with retail clients through a wrap-fee program. The firm employs a diversified, risk-based asset allocation approach and serves a high client load relative to similar firms.

Retired
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Roger N

Series 63, Series 65, Series 66

Detroit Lakes, MN

Colliers Securities LLC

Roger Norris is a financial advisor with Colliers Securities LLC in Detroit Lakes, MN, holding Series 63, 65, and 66 licenses and bringing 34 years of industry experience. He has been with Colliers Securities since 2014. Outside of his advisory role, Norris is the author of a novel currently seeking a publisher, serves as a director of the Norris Innovation Center focused on preserving family legacy through digital archival work, and is developing a children’s investment education app. Colliers Securities LLC serves individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and business entities by providing brokerage, custody, execution, and investment advisory services. The firm offers both non-discretionary fee-based advisory through its Colliers Director program and discretionary wrap programs managed by third-party sub-advisers.

Active portfolio management
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Jameson H

CFP®, Series 65

Detroit Lakes, MN

Destiny Capital Corporation

Jameson Holehouse is a CFP® with three years of industry experience, currently serving at Destiny Capital Corporation. He previously worked at Secure Asset Management, Financial Strategies Group, and Classic Asset Management. His background also includes roles with Young Life and West Virginia University. Destiny Capital Corporation serves individuals, high-net-worth clients, trusts, and estates, with a specialized focus on entrepreneurs. The firm manages approximately $382 million for about 260 clients through an eight-advisor team across six offices, offering discretionary portfolio management, financial planning, consulting, and tax planning via an affiliated entity. Their investment approach combines Modern Portfolio Theory with tactical adjustments and integrates ESG analysis into portfolio construction.

Business exit / sale strategy Charitable giving & philanthropy Tax strategies for small businesses Private / alternative investments Founder/Business Owner Executive
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Craig B

Series 63, Series 66

Detroit Lakes, MN

Calton & Associates, Inc.

Craig Brand is a financial advisor with Calton & Associates, Inc. in Detroit Lakes, MN, holding Series 63 and Series 66 licenses and having 29 years of industry experience. He previously worked at Capital Financial Services and has been self-employed since 1997. Outside of his advisory role, Brand is involved in the service and sale of fixed life insurance. Calton & Associates serves individual investors, retirement plans, trusts, estates, and other retail clients by offering portfolio management, fee-based financial planning, retirement plan consulting, and access to third-party money managers. The firm operates both as a registered investment adviser and broker-dealer, providing a range of program structures and analytic approaches tailored to client goals and risk tolerance.

Wealth management Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Executive Founder/Business Owner
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