Classic Asset Management, LLC is a large advisory firm based in Fargo. It manages $141.92 million of regulatory assets for 1,455 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, Colorado, Iowa, and 8 other states.
Classic Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and retirement plan advisory services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Classic Asset Management, LLC is $141.92 million. The firm's AUM has grown by 576% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Classic Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Classic Asset Management is individuals with 691 clients and $111.82 million of assets under management. Among the 10 most similar advisory firms, Classic Asset Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $141.92 million for 717 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Classic Asset Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Classic Asset Management, LLC performs its advisory services is located at 1220 28 Th Avenue North, Fargo, ND 58102, which is also the mailing address of the firm. An additional office of the firm is in Whitehall, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 701-234-0103 or by fax 701-234-0106. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at classicassetmanagement.com.