Fargo, ND Office
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Financial Strategies Group
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About
Financial Strategies Group (Classic Asset Management, LLC) provides advisory services to individuals (including high-net‑worth clients), as well as pension and profit‑sharing plans, trusts, estates, charitable organizations and other business entities. The firm offers discretionary portfolio management, both broad-based and modular financial planning, and retirement‑plan consulting, and may refer clients to unaffiliated third‑party retirement advisers.
The firm implements advice primarily through firm-developed model portfolios and relies substantially on Modern Portfolio Theory, employing a mix of analytical approaches (fundamental, technical, charting and cyclical analysis) and focusing on mutual funds and ETFs. It provides ongoing discretionary management with periodic reviews and disallows client investment in leveraged or inverse “non‑traditional” funds as a stated policy.
Distinctive disclosures include a May 2023 SEC administrative order related to the firm’s prior use of leveraged ETFs (including remedial measures and monetary sanctions) and a settled arbitration claim in 2024, both of which are reported in the Form ADV. The firm’s business model also includes associated persons who are registered representatives of a broker‑dealer and licensed insurance agents (earning separate commissions), fee‑sharing arrangements when recommending third‑party advisers, use of the OneAscent platform (with platform fees that vary by AUM placed on the platform), and a routine requirement that clients direct brokerage to selected custodians — relationships the firm discloses as potential conflicts that may affect execution or product recommendations.
Based on Financial Strategies Group
Expertise
Based on Financial Strategies Group
Location
1220 28th Avenue North
Fargo ND 58102
Advisors at this office
3
Advisors at this office
Austin A
Series 66
Fargo, ND
Financial Strategies Group
Austin Avery is a financial advisor with Financial Strategies Group in Fargo, ND, holding a Series 66 designation and four years of industry experience. He has worked at multiple firms including Purshe Kaplan Sterling Investments, Aurora Securities, and Secure Asset Management LLC. Avery is also involved in several business ventures, including ownership roles at Classic Asset Management LLC and Avery Wealth Management. Financial Strategies Group advises individuals, high-net-worth clients, and retirement plans, offering discretionary and non-discretionary portfolio management along with modular financial planning. The firm employs firm-developed model portfolios based on Modern Portfolio Theory and primarily invests in mutual funds and ETFs.
Douglas S
Series 63, Series 65, Series 66
Fargo, ND
Financial Strategies Group
Douglas Schmitz is a financial advisor at Financial Strategies Group in Fargo, ND, with 38 years of industry experience. He holds Series 63, 65, and 66 licenses and has worked at several firms including Classic Asset Management, PKS Investments, and Schmitz Financial Services. Outside of his advisory work, he is involved in managing residential real estate properties. Financial Strategies Group provides advisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and other business entities. The firm uses firm-developed model portfolios based on Modern Portfolio Theory and employs various analytical approaches, focusing primarily on mutual funds and ETFs with ongoing discretionary management.
Michael Y
CFP®, Series 63, Series 66
Fargo, ND
Financial Strategies Group
Michael Young is a CFP® with 26 years of industry experience, currently serving at Financial Strategies Group. He has worked at Classic, LLC for 11 years and holds leadership roles including Chief Compliance Officer and Chief Operating Officer at Classic Asset Management LLC. Young is also involved in non-investment activities as a board member of Calvary Church. Financial Strategies Group advises individuals, high-net-worth clients, and retirement plans with discretionary and non-discretionary portfolio management, financial planning, and retirement-plan advisory services. The firm manages approximately $170 million for about 659 clients, using model portfolios based on Modern Portfolio Theory and focusing on mutual funds and ETFs.
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