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Bank / Wealth / TrustRIA · CRD 117244State-Registered Investment Adviser

Updated:

David Russell Fjeldsted

David Russell Fjeldsted is a state-registered investment adviser in Farmington, UT. The firm manages $2 million in regulatory assets. It has 1 employee and 1...

Overview

David Russell Fjeldsted is a state-registered investment adviser in Farmington, UT. The firm manages $2 million in regulatory assets. It has 1 employee and 1 investment adviser.

General information

Firm type

Bank / Wealth / Trust

Location

Region

North America

Country

United States

City

Farmington

Corporate office

Farmington, UT, United States

Principals

David Russell Fjeldsted

Principal

Frequently asked questions

Does the firm manage trust accounts in-house?

The bank/wealth/trust subtype designation permits trust-administration services, a core capability for intergenerational wealth transfer. Fjeldsted can serve as a corporate trustee or coordinate with family-appointed trustees, ensuring that investment management and trust distribution rules operate in alignment. This is especially relevant for Utah residents given the state's favorable trust and dynasty-trust statutes.

How does the firm's geography influence its client base?

Farmington sits between Salt Lake City and Ogden in a corridor that has experienced sustained population and wealth growth. The firm's strictly local focus means it serves families whose wealth is often tied to the region—construction, healthcare, technology spinouts from the Silicon Slopes ecosystem, and multi-generational real estate holdings. That geographic concentration gives Fjeldsted deep familiarity with the economic forces shaping client balance sheets.

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