D
David Russell Fjeldsted
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$2,700,000
Clients
3
100% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
3
LowAverage account size
$900,000
About
The firm provides personalized financial planning and investment management to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and small businesses, addressing cash‑flow, tax, insurance, education, retirement, real estate, and estate planning needs. It is also licensed to sell fixed and indexed annuities, life and health insurance, and real estate, and may receive commissions or property‑management compensation for those services.
Its investment approach emphasizes strategic asset allocation with a core‑and‑satellite mix of passive index/ETF exposures and actively managed funds, and portfolios are globally diversified to manage market risk. The firm uses third‑party money managers for some accounts, places trades under a limited power of attorney with assets held at qualified custodians (e.g., Charles Schwab), and provides net worth statements and periodic account reviews.
Noteworthy distinctions include a small asset base (approximately $2.7 million across a very small client roster) and substantial involvement in real estate: the principal is a licensed real estate broker with multiple real estate holdings and devotes a significant portion of time to property management and development. The firm also discloses an affiliation and fee‑sharing arrangement with a third‑party manager (Alta Capital Management) and notes that fees from insurance, real estate, or property‑management activities are disclosed separately, creating potential conflicts of interest that are communicated to clients.
Client services
Financial planning
Portfolio management
Expertise
General tax planning
Real estate investing
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%
Charges commissions for fixed and indexed annuities, life and health insurance, and real estate sales
Hourly planning services at $110 per hour
Account minimum: $50,000 Minimum fee: $600 minimum annual fee, negotiable Fee-only: Fee-only financial planning and investment management; fees negotiable and may be waived
Main office location
David Russell Fjeldsted
670 West Shepard Lane, Suite 101
Farmington UT 84025, United States
Number of offices
1
Most active in
David Russell Fjeldsted has reported serving >5 clients in these states in the last 12 months.
Utah
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
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:
-
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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