Douglas Schmitz has been an investment adviser representative at Classic Asset Management since July 2006, and is not listed among the firm’s executive officers or direct owners. Douglas Schmitz holds an A.S. from the University of Minnesota, Crookston and a B.S. in Agricultural Economics with an emphasis in Finance from North Dakota State University.
Classic Asset Management, LLC is a Fargo, ND firm with $189M under management, 659 clients and 4 advisers across 2 offices, as of its May 2026 filing.
Doug Schmitz is Financial Advisor of Financial Strategies Group, based in Fargo, North Dakota. Schmitz helps clients pass wealth and assets to their children and grandchildren in ways that protect the money they have earned. Schmitz also helps with retirement planning, funding a child's college education and managing risk.
Douglas Schmitz’s longest registration is the current one, 20 years at Classic Asset Management since 2006. Before joining Classic Asset Management in 2006, Douglas Schmitz was registered through Questar Asset Management, Inc. and Questar Capital Corporation.
- Secure Asset Management, L.L.C.– · 1 yearFargo, ND · Adviser representative · Firm CRD 144046
- Financial Strategies GroupCurrent– present · 20 yearsFargo, ND · Adviser representative · Firm CRD 122030
- Questar Asset Management, Inc.– · 2 yearsFargo, ND · Adviser representative · Firm CRD 133358
- Questar Capital Corporation– · 2 yearsFargo, ND · Adviser representative · Firm CRD 43100
- Multi-Financial Securities Corporation– · under a yearFargo, ND · Adviser representative · Firm CRD 10299
Investment adviser representative registrations
Douglas Schmitz is registered as an investment adviser representative in 2 states, as a resident of Texas. The first approvals date from July 2006; the most recent is Texas, in October 2013.
- North DakotaSince 5 July 2006
- TexasResidentSince 9 October 2013
Examinations
| Exam | Name | Passed |
|---|---|---|
| SIE | Securities Industry Essentials Examination | Credited |
| Series 24 | General Securities Principal Examination | 25 July 2012 |
| Series 66 | Uniform Combined State Law Examination | 9 January 2002 |
| Series 65 | Uniform Investment Adviser Law Examination | 15 December 1998 |
| Series 63 | Uniform Securities Agent State Law Examination | 4 February 1988 |
| Series 7 | General Securities Representative Examination | 21 November 1987 |
- Name
- Securities Industry Essentials Examination
- Name
- General Securities Principal Examination
- Name
- Uniform Combined State Law Examination
- Name
- Uniform Investment Adviser Law Examination
- Name
- Uniform Securities Agent State Law Examination
- Name
- General Securities Representative Examination
- Full name
- Douglas Gene Schmitz
- CRD
- 1771132
- Firm
- Classic Asset Management · CRD 122030
- Office
- 1220 28TH AVENUE NORTH, Fargo, ND 58102
- Registration
- Investment adviser registration
- In the industry since
- November 1987
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- finstrat.com
Where does Douglas Schmitz work?
Douglas Schmitz is an investment adviser representative registered through Classic Asset Management, LLC since July 2006, and is not listed among the firm’s executive officers or direct owners.
Is Douglas Schmitz a financial advisor?
Yes. Douglas Schmitz has a current investment-adviser registration in North Dakota and Texas, through Classic Asset Management since July 2006.
How many years of experience does Douglas Schmitz have?
Douglas Schmitz has 38 years in the financial industry, since November 1987, across 5 adviser firms.
What exams has Douglas Schmitz passed?
Douglas Schmitz has passed 5 licensing exams: the Series 7, Series 63, Series 65, Series 66 and Series 24. The earliest, the Series 7, was passed in November 1987. FINRA credited Douglas Schmitz with the SIE, which began in October 2018.
Where did Douglas Schmitz work before Classic Asset Management?
Before Classic Asset Management, Douglas Schmitz was registered through Questar Capital Corporation, January 2003 to December 2005; Multi-Financial Securities Corporation, January 2002 to December 2002.
Where is Douglas Schmitz based?
Douglas Schmitz’s registered office is in Fargo, ND.
Is Douglas Schmitz registered with FINRA?
No. Douglas Schmitz has no current broker registration.
How can I verify Douglas Schmitz’s record?
Search CRD 1771132 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Douglas Schmitz’s full registration record.
