FJELL CAPITAL

Legal name: FJELL CAPITAL, LLC

CRD 327541File 801-128577

APPROVED

Retail clients

Custody

Filing as of Apr 16, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$187.0M

Bottom 25% of cohort (national)

Discretionary AUM

$184.0M

Non-discretionary $3.0M

Clients

205

654 accounts

Employees

Below cohort median in ND

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: DRO
Registration date: Aug 15, 2023
Principal office: 27 10TH STREET NORTH, FARGO, ND, 58102
Phone: 701-491-7600
Website: http://linkedin.com/company/fjellcapital

Assets & accounts

ADV Item 5F

Total regulatory AUM: $187.0M
Discretionary AUM: $184.0M
Non-discretionary AUM: $3.0M
Discretionary accounts: 640
Non-discretionary accounts: 14
Total accounts: 654
AUM per client: $912K

Clients by type

ADV Item 5D

Client type	Clients	AUM
Charitable organizations	3	$6.8M
High net worth individuals	48	$130.2M
Individuals (other than high net worth individuals)	154	$50.0M

Compensation & activities

ADV Items 5E, 5G

Compensation

Fixed fees
Hourly charges
A percentage of assets under your management

Advisory activities

Financial planning services
Selection of other advisers
Portfolio management for other
Portfolio management for businesses
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.