TK
Toby R. Kommer
CETERA INVESTMENT ADVISERS LLC
BISMARCK, ND 58503
Some features on this profile are disabled
CRD#: 6376684
TK
Professional summary
Toby Ray Kommer, who also goes by Toby Kommer, is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Bismarck, North Dakota and CETERA WEALTH SERVICES, LLC located in Spring Lake Park, Minnesota.
Toby is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2014. Toby has worked at 5 firms and has passed the Series 63, Series 65, Series 66, Series 7TO, SIE and Series 7 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Toby Kommer
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) HAGA KOMMER, LTD. - 100% OWNER OF FULL SERVICE CPA FIRM. 2) PARAMOUNT PROPERTY MANAGEMENT - 50% OWNER WITH SPOUSE OF RENTAL PROPERTIES. 3) HIGHROAD PARTNERS, LLC - 50% OWNER OF INSURANCE AGENCY OFFERING HEALTH INSURANCE. 3) ASPIRE BANK - CHAIRMAN OF THE BOARD OF BANK HOLDING COMPANY. 4) ASPIRE GROUP LLC - 50% OWNER WITH SPOUSE OF OWNER OCCUPIED PROPERTIES. 5) PARK AVENUE PROPERTIES LLC - 67% OWNER OF OWNER OCCUPIED PROPERTIES. 6) HK WEALTH MANAGEMENT LLC POSITION: President NATURE: Pass through entity for Investment Adviser Representative business. INVESTMENT RELATED: Yes NUMBER OF HOURS: 20 SECURITIES TRADING HOURS: 20 START DATE: 10/01/2020 ADDRESS: 5195 45th Street South, Suite 101, Fargo ND 58104, DESCRIPTION: Management and oversight of the Investment Advisors 7)KOMMER COMPANIES LLC POSITION: President NATURE: Investment and consulting into other companies in a minority position. Industries could include technology, manufacturing, digital advertising. Consulting will consist of management coaching and financial analysis. INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 10/01/2024 ADDRESS: 5195 45th St S, Fargo ND 58104, United States DESCRIPTION: Provide a strategic capital investment in exchange for a minority share in companies. Also provide management consulting to help companies achieve higher performance. 8) WOLF DEN PROPERTIES LLC POSITION: Sole Member NATURE: Single member LLC setup for the purchase of a commercial building that houses one of our CPA branches. INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 09/19/2022 ADDRESS: 5195 45th St S, Fargo ND 58104, United States DESCRIPTION: Approved expenditures made for maintaining building and collection of rent from other 100% owned entity. 9) ASPIRE INSURANCE LLC POSITION: Board Member NATURE: Property and Casualty insurance agency. INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 08/01/2018 ADDRESS: 5195 45th St S, Fargo ND 58104, United States DESCRIPTION: Board Oversight 10) KAPRI FOR THREE LLC POSITION: Sole Shareholder NATURE: LLC setup to hold real estate of branch CPA office INVESTMENT RELATED: Yes NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 03/31/2025 ADDRESS: 5195 45th St S, Fargo ND 58104, United States DESCRIPTION: Shareholder, no day to day management 11) KAPRI LLC POSITION: Sole Shareholder NATURE: LLC setup to hold real estate for CPA office INVESTMENT RELATED: Yes NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 02/01/2025 ADDRESS: 5195 45th St S, Fargo ND 58104, United States DESCRIPTION: None really total passive role 12) N40GB LLC; Partner; Partnership that owns and airplane for business travel.; NIR; 0; 06/01/2018; 5195 45th St S Fargo ND 58104; none 13) Kommer Properties LLC; Partner; Holds a commercial building for our office in Mandan, ND.; NIR; 0; 05/01/2021; 5195 45th St S Fargo ND 58104; none other than general admin work for collecting rent. 14) NAME OF OTHER BUSINESS: HAGA KOMMER CERTIFIED PUBLIC ACCOUNTANTS; INVESTMENT RELATED: NO; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: TAX & ACCOUNTING; START DATE: 10/2025; POSITION/TITLE/RELATIONSHIP: CEO/OWNER; APX NUMBER OF HOURS PER WEEK: 40; APX NUMBER OF HOURS DURING TRADING HOURS: 32.5; BRIEF DESCRIPTION OF DUTIES: DAY TO DAY MANAGEMENT OF THE ORGANIZATION;
CRS (Client Relationship Summary) - RIA
Click below to view Toby Ray Kommer'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®
NoneExperience
Current
September 5, 2025 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 840 43rd Ave Ne Suite 100, Bismarck, ND 58503Office #2: 5195 45th Street South, Fargo, ND 58104Office #3: 1116 Hwy 59 S, Detroit Lakes, MN 56550Office #4: 8338 Hwy 65 Ne Suite A, Spring Lake Park, MN 55432Office #5: 204 E Main Street, Madan, ND 58554Office #6: 216 Park Ave S, St Cloud, MN 56301Office #7: 160 3rd Ave Sw, Perham, MN 56573RIA
CRD#: 105644
BISMARCK, ND
Current
September 5, 2025 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 8338 Hwy 65 Ne Suite A, Spring Lake Park, MN 55432Office #2: 5195 45th Street South, Fargo, ND 58104Office #3: 840 43rd Ave Ne Suite 100, Bismarck, ND 58503Office #4: 1116 Hwy 59 South, Detroit Lakes, MN 56501Office #5: 204 E Main Street, Mandan, ND 58554Office #6: 160 3rd Ave Sw, Perham, MN 56573Office #7: 216 Park Ave. S, St. Cloud, MN 56301BD
CRD#: 13572
Spring Lake Park, MN
Past
July 5, 2021 - September 5, 2025
AVANTAX INVESTMENT SERVICES, INC.
BD
CRD#: 13686
DETROIT LAKES, MN
Past
November 24, 2020 - September 5, 2025
AVANTAX ADVISORY SERVICES
RIA
CRD#: 104556
FARGO, ND
Past
November 20, 2014 - August 7, 2017
INVESTMENT CENTERS OF AMERICA, INC.
RIA
CRD#: 16443
FARGO, ND
Past
November 5, 2014 - August 7, 2017
INVESTMENT CENTERS OF AMERICA, INC.
BD
CRD#: 16443
FARGO, ND
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(9/5/2025)
RR
Colorado(9/5/2025)
RR
Florida(9/5/2025)
RR
Minnesota(9/5/2025)
IAR
Minnesota(9/5/2025)
RR
North Dakota(9/5/2025)
IAR
North Dakota(9/5/2025)
Exams
State Security Law Exam
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
RR
Series 7TO
Date: 7/5/2021
General Securities Representative ExaminationGeneral 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
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.
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.
