Advisor at Financial Strategies Group
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Firm
Financial Strategies Group
Location
Fargo, ND 58102
Credentials
Series 63, Series 65, Series 66
Industry experience
38 years
Douglas Schmitz is a financial advisor with Financial Strategies Group in Fargo, ND, holding Series 63, 65, and 66 licenses and 38 years of industry experience. His career includes roles at Classic Holdings LLC, Schmitz Financial Services, and Aurora Securities Inc. Outside of advising, he manages a residential apartment business with his wife. Financial Strategies Group serves individuals, high-net-worth clients, and retirement plans by providing discretionary and non-discretionary portfolio management, comprehensive financial planning, and retirement-plan advisory services. The firm employs model portfolios based on Modern Portfolio Theory, primarily investing in mutual funds and ETFs while managing approximately $170 million for around 659 clients.
Based on Financial Strategies Group
Based on Financial Strategies Group
Flat fees range from $1,000 to $100,000 per year for portfolio management; Fixed fees for financial planning from $250 to $5,000 or more
0.50% to 2.00% annually (negotiable, varies by account size and complexity)
Commissions earned by registered representatives for securities and insurance products sold, separate from advisory fees
Hourly fees range from $40 to $250 for specific financial planning services
Fee-only: Flat fees between $1,000 and $100,000 per year for portfolio management; Fixed fees $250 to $5,000 for broad financial planning; Hourly fees $40 to $250 for modular financial planning
1220 28 Th Avenue North
Fargo, ND 58102
North Dakota · Texas
PKS Investments
2026 - Present (1 year)
Classic Asset Management Llc D/B/A Financial Strategies Group
2026 - Present (1 year)
Secure Asset Management
2024 - 2026 (2 years)
Aurora Securities Inc.
2024 - 2026 (2 years)
Classic LLC
2013 - 2024 (11 years)
Classic Holdings LLC
2011 - 2026 (15 years)
Schmitz Financial Services
2005 - 2026 (21 years)
Dougals G. Schmitz Insurance
1988 - 2026 (38 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is not active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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Series 63, Series 66
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Strategic Financial Inc.
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Fortify Financial Group, LLC
CFP®, Series 63, Series 66
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Williams and Schiller Wealth Management, LLC
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Retirement Resource Wealth Management, LLC
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