Luke J. Strom
ADVISORNET WEALTH PARTNERS
WAYZATA, MN 55391
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CRD#: 5968335
Professional summary
Luke James Strom, CFP® is a registered financial advisor currently at ADVISORNET WEALTH PARTNERS located in Wayzata, Minnesota and CETERA INVESTMENT ADVISERS LLC located in Wayzata, Minnesota.
Luke is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2011. Luke has worked at 6 firms and has passed the Series 66, Series 63, SIE, Series 7 and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
None
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
1. NAME OF OTHER BUSINESS: FIXED INSURANCE WITH VARIOUS COMPANIES, INVESTMENT RELATED: YES, ADDRESS: SAME AS REGISTERED LOCATION, NATURE OF BUSINESS: FIXED INSURANCE, START DATE: 10/2023, APX NUMBER OF HOURS PER WEEK: VARIES, APX NUMBER OF HOURS DURING TRADING HOURS: VARIES, POSITION/TITLE/RELATIONSHIP: INSURANCE AGENT , BRIEF DESCRIPTION OF DUTIES: SELLS LIFE, HEALTH, DISABILITY, FIXED ANNUITIES AND LONG-TERM CARE 2. NAME OF OTHER BUSINESS: STERLING RETIREMENT RESOURCES INVESTMENT RELATED: YES ADDRESS: SAME AS REGISTERED LOCATION NATURE OF BUSINESS: FINANCIAL ADVISOR START DATE: 3/2019 POSITION/TITLE/RELATIONSHIP: FINANCIAL ADVISOR APX NUMBER OF HOURS PER WEEK: 40 APX NUMBER OF HOURS DURING TRADING HOURS: 40 BRIEF DESCRIPTION OF DUTIES: FINANCIAL ADVISOR 3. NAME OF OTHER BUSINESS: IRREVOCABLE SUPPLEMENTAL NEEDS TRUST INVESTMENT RELATED: NO ADDRESS: 5309 WELCOME AVE N, CRYSTAL, MN 55429 NATURE OF BUSINESS: I AM ONE OF THE TRUSTEES FOR MY YOUNGER BROTHER'S SUPPLEMENTAL NEEDS TRUST. THERE IS A CHECKING ACCOUNT IN THE NAME OF THE TRUST THAT I HAVE SIGNING AUTHORITY OVER FOR MY BROTHER'S LIVING EXPENSES START DATE: 8/2011 POSITION/TITLE/RELATIONSHIP: TRUSTEE APX NUMBER OF HOURS PER WEEK: 1 HOUR PER YEAR APX NUMBER OF HOURS DURING TRADING HOURS: 1 HOURS PER YEAR BRIEF DESCRIPTION OF DUTIES: I AM ONE OF THE TRUSTEES FOR MY YOUNGER BROTHER'S SUPPLEMENTAL NEEDS TRUST. THERE IS A CHECKING ACCOUNT IN THE NAME OF THE TRUST THAT I HAVE SIGNING AUTHORITY OVER FOR MY BROTHER'S LIVING EXPENSES 4. NAME OF OTHER BUSINESS: POWER OF ATTORNEY INVESTMENT RELATED: NO ADDRESS: 5309 WELCOME AVE N, CRYSTAL, MN 55429 NATURE OF BUSINESS: LISTED AS ONE OF THE POWER OF ATTORNEYS ON MOTHER'S ACCOUNT START DATE: 1/13 POSITION/TITLE/RELATIONSHIP: POWER OF ATTORNEY APX NUMBER OF HOURS PER WEEK: 1 HOUR PER YEAR APX NUMBER OF HOURS DURING TRADING HOURS: 1 HOUR PER YEAR BRIEF DESCRIPTION OF DUTIES: 5. NAME OF OTHER BUSINESS: ADVISORNET FINANCIAL INC, DBA ADVISORNET WEALTH PARTNERS - CRD #113074 INVESTMENT RELATED: YES ADDRESS: SAME AS REGISTERED LOCATION NATURE OF BUSINESS: ADVISORY BUSINESS POSITION/TITLE/RELATIONSHIP: ADVISORY REPRESENTATIVE START DATE: 02/2021 APX NUMBER OF HOURS PER WEEK: 40 APX NUMBER OF HOURS DURING TRADING HOURS: 32.5 BRIEF DESCRIPTION OF DUTIES: ASSET MANAGEMENT;
CRS (Client Relationship Summary) - RIA
Click below to view Luke James Strom's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
CFP®
Start date: 2019
Experience
Current
December 24, 2019 - Present
ADVISORNET WEALTH PARTNERS
Office #1: 120 Broadway Avenue S, Suite 200, Wayzata, MN 55391RIA
CRD#: 113074
WAYZATA, MN
Current
June 29, 2023 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 120 Broadway Avenue S Suite 200, Wayzata, MN 55391RIA
CRD#: 105644
WAYZATA, MN
Current
March 4, 2019 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 120 Broadway Avenue S Suite 200, Wayzata, MN 55391BD
CRD#: 13572
Wayzata, MN
Past
March 4, 2019 - June 29, 2023
CETERA WEALTH SERVICES, LLC
RIA
CRD#: 13572
EL SEGUNDO, CA
Past
June 14, 2016 - February 20, 2019
QUESTAR ASSET MANAGEMENT, INC.
RIA
CRD#: 133358
MINNEAPOLIS, MN
Past
April 20, 2016 - February 20, 2019
QUESTAR CAPITAL CORPORATION
BD
CRD#: 43100
MINNEAPOLIS, MN
Past
September 28, 2011 - April 19, 2016
ALLIANZ LIFE FINANCIAL SERVICES, LLC
BD
CRD#: 612
GOLDEN VALLEY, MN
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Arizona(3/4/2019)
RR
California(3/4/2019)
RR
Colorado(3/4/2019)
RR
Connecticut(7/8/2022)
RR
Florida(3/4/2019)
RR
Idaho(7/2/2021)
RR
Illinois(3/4/2019)
RR
Iowa(3/4/2019)
RR
Maryland(3/4/2019)
RR
Minnesota(3/4/2019)
IAR
Minnesota(12/24/2019)
RR
Missouri(2/27/2023)
RR
Montana(1/4/2024)
RR
Nebraska(3/4/2019)
RR
New Hampshire(12/19/2024)
RR
New Jersey(11/20/2023)
RR
New York(7/12/2023)
RR
North Carolina(7/8/2021)
RR
North Dakota(10/27/2022)
RR
Ohio(3/4/2019)
RR
Oregon(3/4/2019)
RR
South Dakota(3/4/2019)
RR
Utah(3/4/2019)
RR
Washington(3/7/2025)
RR
Wisconsin(3/4/2019)
RR
Wyoming(7/8/2021)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
