David Russell Fjeldsted
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
David R. Fjeldsted is a solo registered investment adviser that provides personalized financial planning and investment management to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations and small businesses. Services include comprehensive consulting engagements, hourly planning, asset management using mutual funds and ETFs, and recommendations of third‑party money managers.
The firm follows a strategic asset allocation, core‑and‑satellite approach combining passive index and actively managed funds and documents client objectives in investment policy statements; discretionary trading authority is used with client‑approved custodians while clients retain custody of assets. Account reviews are performed at least annually and the adviser may implement third‑party management and fee‑sharing arrangements when appropriate.
What is distinctive is the adviser’s substantial involvement in real estate: he is a licensed real estate broker and developer with multiple LLC holdings and reports spending a significant portion of his time on real estate activities, including property management and brokerage services for which commissions may be earned. The brochure also notes licensure to sell fixed and indexed annuities and life/health insurance, a disclosed fee‑sharing arrangement with an external money manager, and states there have been no disciplinary actions in the past 25 years while directing readers to FINRA BrokerCheck for any earlier history.
Client services
Expertise
Fee options
Consulting Agreement fees calculated on a formula basis and adjusted for complexity
$0 - $200,000: 1.20% $200,001 - $500,000: 1.12% $500,001+: 1.00%
Commissions charged on sale of fixed and indexed annuities, life and health insurance, and real estate; broker license held by firm
Hourly planning services charged at $110 per hour
Account minimum: $50,000 Minimum fee: Minimum annual fee of $600, negotiable Fee-only: Fee-only financial planning and investment management with negotiable fees; also charges hourly rate and commissions where applicable
Main office
670 W. Shepard Lane, Suite 101
Farmington UT 84025
Advisors at this office
1
Most active in
Utah
Also doing business as
David Russell Fjeldsted · Fjeldsted, David Russell · Fjelsted, David Russell
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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