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Fjell Capital

Updated today

Client assets under management

$180,222,213

Clients

202

24% high-net-worth

Advisors

3

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

67

High

Average account size

$892,189

About

Fjell Capital advises individual and high‑net‑worth clients as well as retirement plan sponsors, delivering integrated wealth management, standalone financial planning, and retirement plan advisory services. Its Bergen offering combines ongoing investment management with continuous financial planning, while BluePrint provides standalone planning engagements for clients who do not want an ongoing investment relationship.

Investment portfolios are managed through the tmrw Portfolio Series, a target‑date, model‑of‑models framework that blends active GARP equity exposure, ETF‑based and global equity sleeves, tax‑aware and total‑return fixed income allocations, periodic rebalancing, and tax‑loss harvesting. The firm may use separate account managers for fixed income and can include alternative investments for eligible clients, managing accounts on both discretionary and non‑discretionary bases.

Fjell is notable for applying a subscription‑style minimum recurring fee to new wealth‑management clients rather than relying solely on a pure AUM billing model, while also offering planning via one‑time flat fees or hourly engagements—an uncommon fee mix among its peers. The firm also manages ancillary accounts (including adviser‑managed variable annuities and education savings plans), uses SAMs for fixed‑income allocations, and discloses that some advisers are licensed insurance agents who may receive insurance commissions, which it identifies as a potential conflict and describes mitigation steps for.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Tax-loss harvesting Private / alternative investments Concentrated stock management College savings (529s, UTMA, etc.) Retirement plans for business owners (SEP, solo 401k)

Occupation focus

Founder/Business Owner Executive

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Fee options

Fixed

BluePrint flat fee for financial planning generally $5,000–$15,000, minimum $5,000

Percentage

$0 - $750,000: 1.25% $750,000.01 - $1,750,000: 1.00% $1,750,000.01 - $2,750,000: 0.85% $2,750,000.01 - $5,000,000: 0.75% $5,000,000.01 - $7,500,000: 0.65% $7,500,000.01 - $15,000,000: 0.50% $15,000,000.01+: 0.40%

Project-based

$500 per hour, billed in minimum 15-minute increments

Other

Account minimum: $1,000,000 Minimum fee: $1,250 quarterly ($5,000 annually), may be waived at the Firm's discretion Fee-only: BluePrint flat fees $5,000–$15,000; hourly fees $500/hour

Main office location

Fjell Capital

27 10 Th Street North

Fargo ND 58102, United States

Number of offices

2

Most active in

Arizona · California · Colorado · Minnesota · Nebraska · North Dakota · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Jacob R

Series 65, Series 66

Fargo, ND

Fjell Capital

Jacob Radke is a financial advisor at Fjell Capital with Series 65 and Series 66 credentials and three years of industry experience. He has worked at Fjell Capital since 2021 and also holds roles at Sanctuary Advisors LLC and Sanctuary Securities, Inc. Outside of his advisory work, he undertakes woodworking projects as an independent contractor for Clearwater Creations. Fjell Capital provides investment management and financial planning services to individuals, high-net-worth clients, businesses, non-profits, and qualified retirement plan sponsors. The firm employs a disciplined, largely passive investment approach with strategic asset allocation, model portfolios, and tax-loss harvesting, while using a Growth-at-a-Reasonable-Price method for individual equity selection.

Tax-loss harvesting Private / alternative investments Concentrated stock management College savings (529s, UTMA, etc.) Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
user avatar

Daniel S

CFP®, Series 65, Series 66

Fargo, ND

Fjell Capital

Daniel Schuster is a CFP® with eight years of industry experience, currently serving as a wealth advisor at Fjell Capital. His prior experience includes roles at Sanctuary Wealth and UBS. Outside of finance, he is active as a drummer and songwriter in the Fargo-Moorhead area, performing with local bands and managing a music production company. Fjell Capital provides investment management and financial planning services to individuals, high-net-worth clients, businesses, non-profits, and qualified retirement plan sponsors. The firm employs a disciplined, largely passive investment approach combined with Growth-at-a-Reasonable-Price equity selection and offers both integrated wealth management and standalone financial planning options.

Tax-loss harvesting Private / alternative investments Concentrated stock management College savings (529s, UTMA, etc.) Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
user avatar

Thomas S

Series 65, Series 66

Fargo, ND

Fjell Capital

Thomas Stadum is a financial advisor at Fjell Capital with 12 years of industry experience. He holds Series 65 and Series 66 licenses and previously worked at UBS Financial Services and Sanctuary Wealth. Outside of his advisory role, he serves as a board member and MC Fleet captain for the Pelican Lake Yacht Club and acts as treasurer for Burning Hearts Church in Fargo, ND. Fjell Capital provides investment management and financial planning to individuals, high-net-worth clients, businesses, non-profits, and qualified retirement plan sponsors. The firm employs a disciplined, largely passive investment approach with strategic asset allocation, model portfolios, and a Growth-at-a-Reasonable-Price method for equity selection, while also offering specialized services such as retirement plan advisory and subscription-style billing options.

Tax-loss harvesting Private / alternative investments Concentrated stock management College savings (529s, UTMA, etc.) Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
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