# Feltl Advisors

> Feltl Advisors is an SEC-registered investment advisory firm in Plymouth, MN, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 165244
- Filed as: FELTL ADVISORS
- Legal name: Feltl Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plymouth, MN
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165244
- AdvisorCensus page: https://advisorcensus.com/firm/feltl-advisors-plymouth-mn-165244

## Quick answers

**How is Feltl Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Feltl Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other.

**What does Feltl Advisors' brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 3% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Feltl Advisors located?**
Feltl Advisors' principal office is in Plymouth, MN, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Feltl Advisors registered with the SEC or a state?**
Feltl Advisors is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 165244.

**How much does Feltl Advisors manage?**
Feltl Advisors reports $165,615,748 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).

**How have Feltl Advisors' assets and staff changed since 2021?**
In the Form ADV data for Feltl Advisors: Regulatory assets under management: $92,169,417 in the October 2021 data and $165,615,748 in the October 2026 data, up 80%. Total employees: 24 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Feltl Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (395); corporations or other businesses not listed above (2).

**Does Feltl Advisors report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.E(2) (self-regulatory organization's finding of a rule 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 SEC record: https://adviserinfo.sec.gov/firm/summary/165244

**What changed in Feltl Advisors' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 15. Regulatory assets under management went from $132,417,421 to $165,615,748 (+25%). Registered or notice-filed in ME, OH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 3% of assets a year (the maximum the brochure states)

> The advisory fees that FA charges are negotiable but not to exceed a maximum of 3%.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $165,615,748
- Discretionary: $0
- Non-discretionary: $165,615,748

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 395 | $155,406,402 |
| Corporations or other businesses not listed above | 2 | $10,209,346 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2012 (13 years)
- Employees: 15 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, DE, FL, GA, ID, IL, IN, ME, MI, MN, MO, NC, NE, NV, NY, OH, OK, TN, TX, UT, WA, WI
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

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 SEC record: https://adviserinfo.sec.gov/firm/summary/165244

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Edwardsville, IL
- Plymouth, MN

### Websites listed on Form ADV (Item 1.I)
- feltladvisors.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $92,169,417 | 24 | August 17, 2021 |
| October 2022 | $111,778,800 | 20 | March 31, 2022 |
| October 2023 | $100,365,678 | 20 | March 31, 2023 |
| October 2024 | $120,639,894 | 20 | March 27, 2024 |
| October 2025 | $132,417,421 | 20 | March 24, 2025 |
| October 2026 | $165,615,748 | 15 | March 31, 2026 |

Regulatory assets under management: $92,169,417 in the October 2021 data and $165,615,748 in the October 2026 data, up 80%.
Total employees: 24 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 15.
- Regulatory assets under management went from $132,417,421 to $165,615,748 (+25%).
- Registered or notice-filed in ME, OH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Feltl Advisors (CRD 165244): Form ADV filing data as of October 2026.