# CLASSIC ASSET MANAGEMENT, LLC

CLASSIC ASSET MANAGEMENT, LLC of FARGO, ND is an SEC-registered investment adviser.

## Registration

- CRD: 122030
- Type: SEC-registered investment adviser
- SEC file number: 801-67302
- Location: 1220 28TH AVENUE NORTH, FARGO, ND, 58102
- Phone: 701-234-0103
- Latest filing: 2026-05-05
- Regulatory AUM: $189.1M
- Discretionary AUM: $187.2M
- Non-discretionary AUM: $2.0M
- Clients: 10
- Accounts: 1,346

## Business model

- Compensation: % of AUM, Hourly, Fixed
- Clients served: Individuals, High net worth, Charities, Other

## Officers, owners & control persons (9)

| Name | Role | Location |
| --- | --- | --- |
| Thomas James Claud | CHIEF COMPLIANCE OFFICER | — |
| Michael Victor Young | CCO AND MANAGING MEMBER; MANAGING MEMBER | — |
| Craig Alan Rottman | MANAGING MEMBER | — |
| Douglas Gene Schmitz | MEMBER | — |
| Ashleigh Cooper Swayze | CHIEF COMPLIANCE OFFICER | — |
| YOUNG ELMO DALE | SECRETARY | — |
| YOUNG MICHAEL VICTOR | CCO AND MANAGING MEMBER; CHIEF OPERATIONS OFFICER/CHIEF COMPLIANCE OFFICER; MANAGING MEMBER (+2 more) | — |
| ROTTMAN CRAIG ALAN | CHIEF INVESTMENT OFFICER; MANAGING MEMBER | — |
| SCHMITZ DOUGLAS GENE | MANAGING MEMBER; MEMBER; VICE PRESIDENT/DUE DILIGENCE OFFICER | — |


## Disclosures (6)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2020-10-01 | regulatory | THE SEC CONDUCTED AN INVESTIGATION AND EXAMINATION OF CLASSIC ASSET MANAGEMENT, LLC ("CAM") AND ONE OF ITS IARS REGARDING SALES PRACTICES RELATING TO THE TO RECOMMENDATION, SALE, AND USE OF LEVERAGED EXCHANGE TRADED FUNDS ("LEVERAGED ETFS"). ULTIMATELY, THE SEC CHARGED CAM AND DOUGLAS SCHMITZ WITH A… | Final | $195K |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/122030/brochure
- Similar advisers: https://search.stillhousedata.com/firm/122030/similar
- Related entities: https://search.stillhousedata.com/firm/122030/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/122030

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.