# Financial Strategies Group

> 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.

- CRD: 122030
- Filed as: FINANCIAL STRATEGIES GROUP
- Legal name: Classic Asset Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fargo, ND
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/122030
- AdvisorCensus page: https://advisorcensus.com/firm/financial-strategies-group-fargo-nd-122030

## Quick answers

**How is Financial Strategies Group compensated?**
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).

**How much does Financial Strategies Group charge?**
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.

**Where is Financial Strategies Group located?**
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).

**Is Financial Strategies Group registered with the SEC or a state?**
Financial Strategies Group is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 122030.

**How much does Financial Strategies Group manage?**
Financial Strategies Group reports $189,148,000 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary).

**How have Financial Strategies Group's assets and staff changed since 2021?**
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.

**What types of clients does Financial Strategies Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (602); high net worth individuals (57).

**Which custodians does Financial Strategies Group use?**
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.

**Does Financial Strategies Group report any disciplinary disclosures?**
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

**What changed in Financial Strategies Group's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated January 29, 2026)

- Flat fee: $250 to $5,000 (broad based planning services)

> Fixed Fees: We will charge a fixed fee, which ranges between $250.00 and $5,000.00, for 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…)

> 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

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Axos Advisor Services
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $189,148,000
- Discretionary: $187,196,000
- Non-discretionary: $1,952,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 602 | $120,972,000 |
| High net worth individuals | 57 | $65,983,000 |
| Charitable organizations | Fewer than 5 | $2,108,000 |
| Corporations or other businesses not listed above | Fewer than 5 | $85,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2006 (19 years)
- Employees: 10 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CO, IA, IL, LA, MN, ND, NE, SD, TX, WI
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/122030

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Lakewood, CO

### Websites listed on Form ADV (Item 1.I)
- finstrat.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $166,983,000 | 10 | August 24, 2021 |
| October 2022 | $179,713,000 | 10 | January 27, 2022 |
| October 2023 | $158,396,000 | 12 | June 1, 2023 |
| October 2024 | $182,120,000 | 10 | May 1, 2024 |
| October 2025 | $169,820,000 | 10 | February 18, 2025 |
| October 2026 | $189,148,000 | 10 | May 5, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Employees performing advisory functions went from 5 to 4.
- Regulatory assets under management went from $169,820,000 to $189,148,000 (+11%).

### December 2025
- Registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Financial Strategies Group (CRD 122030): Form ADV filing data as of October 2026.