Financial Strategies Group
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$189,148,000
Total clients
659
9% high-net worth
Total advisors
4
of 10 employees
Firm size
Team
4-10 advisors or $500M+ in AUM
Average clients per advisor
165
Average account size
$287,023
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.
Client services
Financial planning
Portfolio management
Selection of other advisers
Retirement plan advisory services
Expertise
Wealth management
Retirement income strategy
Cash flow / budgeting
Fee options
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
Main office location
Financial Strategies Group
1220 28 Th Avenue North
Fargo ND 58102, United States
Number of offices
2
Most active in
Financial Strategies Group has reported serving >5 clients in these states in the last 12 months.
Arizona · Colorado · Illinois · Iowa · Louisiana · Minnesota · Nebraska · North Dakota · South Dakota · Texas · Wisconsin
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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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.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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