{
  "crd_number": 122030,
  "slug": "financial-strategies-group-fargo-nd-122030",
  "primary_business_name": "FINANCIAL STRATEGIES GROUP",
  "legal_name": "CLASSIC ASSET MANAGEMENT, LLC",
  "dbas": [],
  "city": "Fargo",
  "state": "ND",
  "country": "United States",
  "cbsa_code": "22020",
  "metro": {
    "cbsa_code": "22020",
    "common_name": "Fargo",
    "msa_name": "Fargo, ND-MN",
    "path": "/advisors/nd/fargo"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-12-01",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-05-05",
  "carried_forward": false,
  "raum_total": 189148000.0,
  "raum_discretionary": 187196000.0,
  "raum_non_discretionary": 1952000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 10,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2108000.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 120972000.0,
      "count": 602
    },
    "high_net_worth_individuals": {
      "raum": 65983000.0,
      "count": 57
    },
    "corporations_other_businesses": {
      "raum": 85000.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AZ",
    "CO",
    "IA",
    "IL",
    "LA",
    "MN",
    "ND",
    "NE",
    "SD",
    "TX",
    "WI"
  ],
  "websites": [
    "https://finstrat.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122030",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "FARGO",
  "url": "https://advisorcensus.com/firm/financial-strategies-group-fargo-nd-122030",
  "display_name": "Financial Strategies Group",
  "summary": "Financial Strategies Group is an SEC-registered investment advisory firm in Fargo, ND, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.",
  "citation": "AdvisorCensus. Financial Strategies Group (CRD 122030): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Strategies Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Financial Strategies Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Financial Strategies Group charge?",
      "a": "Its Form ADV Part 2A brochure dated January 29, 2026 states: Flat fee: $250 to $5,000 (broad based planning services); Hourly rate: $40 to $250 an hour (specific services (such as a modular plan) and do not desire a broad based…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Financial Strategies Group located?",
      "a": "Financial Strategies Group's principal office is in Fargo, ND, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Financial Strategies Group registered with the SEC or a state?",
      "a": "Financial Strategies Group is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 122030."
    },
    {
      "q": "How much does Financial Strategies Group manage?",
      "a": "Financial Strategies Group reports $189,148,000 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary)."
    },
    {
      "q": "How have Financial Strategies Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Financial Strategies Group: Regulatory assets under management: $166,983,000 in the October 2021 data and $189,148,000 in the October 2026 data, up 13%. Total employees: 10 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Financial Strategies Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (602); high net worth individuals (57)."
    },
    {
      "q": "Which custodians does Financial Strategies Group use?",
      "a": "Financial Strategies Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Advisor Services and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Financial Strategies Group report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/122030"
    },
    {
      "q": "What changed in Financial Strategies Group's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 166983000.0,
      "total_employees": 10,
      "filing_date": "2021-08-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 179713000.0,
      "total_employees": 10,
      "filing_date": "2022-01-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 158396000.0,
      "total_employees": 12,
      "filing_date": "2023-06-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 182120000.0,
      "total_employees": 10,
      "filing_date": "2024-05-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 169820000.0,
      "total_employees": 10,
      "filing_date": "2025-02-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 189148000.0,
      "total_employees": 10,
      "filing_date": "2026-05-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 4.",
        "Regulatory assets under management went from $169,820,000 to $189,148,000 (+11%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in LA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 29, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $250 to $5,000 (broad based planning services)",
      "Hourly rate: $40 to $250 an hour (specific services (such as a modular plan) and do not desire a broad based…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $250 to $5,000 (broad based planning services)"
        ],
        "quotes": [
          "Fixed Fees: We will charge a fixed fee, which ranges between $250.00 and $5,000.00, for broad based planning services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $40 to $250 an hour (specific services (such as a modular plan) and do not desire a broad based…)"
        ],
        "quotes": [
          "Hourly Fees: We charge an hourly fee that ranges between $40 - $250 for clients who request specific services (such as a modular plan) and do not desire a broad based written financial"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 250.0,
          "max": 5000.0,
          "period": "one_time",
          "service": "broad based planning services"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 40.0,
          "max": 250.0,
          "period": "hour",
          "service": "specific services (such as a modular plan) and do not desire a broad based written financial plan"
        }
      ]
    },
    "quotes": [
      "Fixed Fees: We will charge a fixed fee, which ranges between $250.00 and $5,000.00, for broad based planning services.",
      "Hourly Fees: We charge an hourly fee that ranges between $40 - $250 for clients who request specific services (such as a modular plan) and do not desire a broad based written financial"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Axos Advisor Services",
      "name_as_filed": "AXOS ADVISOR SERVICES",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/financial-strategies-group-fargo-nd-122030.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 602,
      "fewer_than_5": false,
      "raum": 120972000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 57,
      "fewer_than_5": false,
      "raum": 65983000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 2108000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 85000.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122030",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}