# Fjell Capital

> Fjell Capital is an SEC-registered investment advisory firm in Fargo, ND, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 24, 2026.

- CRD: 327541
- Filed as: FJELL CAPITAL
- Legal name: Fjell Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fargo, ND
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/327541
- AdvisorCensus page: https://advisorcensus.com/firm/fjell-capital-fargo-nd-327541

## Quick answers

**How is Fjell Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Fjell Capital reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fjell Capital located?**
Fjell Capital's principal office is in Fargo, ND, according to its Form ADV.

**Is Fjell Capital registered with the SEC or a state?**
Fjell Capital is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327541.

**How much does Fjell Capital manage?**
Fjell Capital reports $187,026,631 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (98% discretionary).

**How have Fjell Capital's assets and staff changed since 2023?**
In the Form ADV data for Fjell Capital: Regulatory assets under management: $0 in the October 2023 data and $187,026,631 in the October 2026 data. Total employees: 5 in October 2023 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fjell Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (154); high net worth individuals (48); charitable organizations (3).

**Which custodians does Fjell Capital use?**
Fjell Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Fjell Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327541

**What changed in Fjell Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 3. Regulatory assets under management went from $157,181,843 to $187,026,631 (+19%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $187,026,631
- Discretionary: $183,980,084
- Non-discretionary: $3,046,547

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 154 | $49,974,824 |
| High net worth individuals | 48 | $130,247,389 |
| Charitable organizations | 3 | $6,804,418 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, MN, ND, NE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [fjellcapital.com](https://fjellcapital.com)
- [tiredandrich.com](https://tiredandrich.com)
- Facebook @fjellcapital
- Facebook @tiredandrich
- Instagram @fjellcapitalfargo
- Instagram @tired.and.rich
- LinkedIn @fjellcapital
- YouTube @fjellcapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $0 | 5 | August 29, 2023 |
| October 2024 | $145,943,100 | 5 | September 20, 2024 |
| October 2025 | $157,181,843 | 5 | June 30, 2025 |
| October 2026 | $187,026,631 | 4 | August 24, 2026 |

Regulatory assets under management: $0 in the October 2023 data and $187,026,631 in the October 2026 data.
Total employees: 5 in October 2023 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 3.
- Regulatory assets under management went from $157,181,843 to $187,026,631 (+19%).

### December 2025
- Registered or notice-filed in AZ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fjell Capital (CRD 327541): Form ADV filing data as of October 2026.