# David Russell Fjeldsted

> David Russell Fjeldsted is a state-registered investment advisory firm in Farmington, UT, registered since 2001, reporting under $25 million in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 117244
- Filed as: DAVID RUSSELL FJELDSTED
- Legal name: Fjeldsted, David Russell
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Farmington, UT
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/117244
- AdvisorCensus page: https://advisorcensus.com/firm/david-russell-fjeldsted-farmington-ut-117244

## Quick answers

**How is David Russell Fjeldsted compensated?**
On its Form ADV (Item 5.E, October 2026), David Russell Fjeldsted reports these compensation arrangements: a percentage of assets under its management; hourly charges; commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is David Russell Fjeldsted located?**
David Russell Fjeldsted's principal office is in Farmington, UT, according to its Form ADV.

**Is David Russell Fjeldsted registered with the SEC or a state?**
David Russell Fjeldsted is a state-registered investment advisory firm, registered since 2001. Status as filed: APPROVED. CRD 117244.

**How much does David Russell Fjeldsted manage?**
David Russell Fjeldsted reports $1,967,000 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).

**What types of clients does David Russell Fjeldsted serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (3).

**Does David Russell Fjeldsted report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/117244

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Commissions

### Regulatory assets under management (Item 5.F)
- Total: $1,967,000
- Discretionary: $1,967,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 3 | $1,967,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2001 (25 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: UT
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/117244

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. David Russell Fjeldsted (CRD 117244): Form ADV filing data as of October 2026.