{"url":"https://nivawealth.com/firms/fruge-capital-advisors-149447","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149447","regulatoryAum":141208889,"crd":"149447","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5421200","suffix":"JR.","lastName":"FRUGE","firstName":"DON","middleName":"L."},{"crd":"5421238","suffix":null,"lastName":"FRUGE","firstName":"DON","middleName":"L."}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136134","legalName":"Fruge' Capital Advisors, LLC","displayName":"Fruge' Capital Advisors","slug":"fruge-capital-advisors-149447","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Mississippi limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2086 Old Taylor Road, Suite 1013","city":"Oxford","state":"MS","stateName":"Mississippi","country":"United States","postalCode":"38655"},"tradeNames":["Fruge' Capital Advisors (Formerly Oxford Investment Advisors)"],"registration":{"secApproved":"14 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1932196.8970588236,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":141208889,"discretionary":140208702,"discretionaryAccounts":123,"nonDiscretionary":1000187,"nonDiscretionaryAccounts":5,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":40,"regulatoryAum":10431385},{"label":"High-net-worth individuals","clients":28,"regulatoryAum":120958004},{"label":"Charitable organizations","clients":3,"fewerThan5":true,"regulatoryAum":9819500}],"feePrograms":[{"role":"main","program":"Investment Management Agreement","feeBasis":"marginal","fee_tiers":[{"to":2500000,"pct":1,"from":0},{"to":5000000,"pct":0.9,"from":2500000},{"to":7500000,"pct":0.75,"from":5000000},{"to":10000000,"pct":0.5,"from":7500000},{"to":15000000,"pct":0.4,"from":10000000},{"to":null,"pct":0.25,"from":15000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037786","versionId":1037786,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"FRUGE CAPITAL ADVISORS ADV PART 2A AND 2B DEC 31 2025","fee_rate_low":0.25,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Hourly planning engagements","summary":"Limited-scope hourly planning engagements are typically billed at $225 to $250 an hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037786","versionId":1037786,"submittedOn":"2026-03-31","documentName":"FRUGE CAPITAL ADVISORS ADV PART 2A AND 2B DEC 31 2025"},{"role":"other","program":"Stand-alone financial planning","summary":"A stand-alone financial plan has a fee of $750 to $2,000, negotiable depending on the complexity of the situation.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037786","versionId":1037786,"submittedOn":"2026-03-31","documentName":"FRUGE CAPITAL ADVISORS ADV PART 2A AND 2B DEC 31 2025"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:54:00.243283+00:00","documents":[{"name":"FRUGE CAPITAL ADVISORS ADV PART 2A AND 2B DEC 31 2025","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037786","versionId":1037786,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab","shortName":"Charles Schwab","location":"Omaha, NE","smaAssets":139707504}],"custodyNote":"Fruge' Capital Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Don Fruge","title":"President & Chief Compliance Officer","crd":"5421200"},{"name":"Don Fruge","title":"Chairman & CEO","crd":"5421238"}],"ownership":[{"label":"Don Fruge","detail":"President & chief compliance officer in the 50% to 75% ownership band and a control person, since January 2009. Also chairman & ceo in the 50% to 75% ownership band and a control person, since January 2009."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Mississippi","offices":1,"addresses":[{"street":"2086 Old Taylor Road, Suite 1013","city":"Oxford","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"662-550-4554","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["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)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":67},{"label":"U.S. state and local bonds","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":27},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"6 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149447/PDF/149447.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037786","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fruge' Capital Advisors have?","answer":"Fruge' Capital Advisors has 71 clients and manages $141 million for them, as of May 2026. They include 40 individual clients, 28 high-net-worth individuals and 3 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fruge' Capital Advisors offer?","answer":"Fruge' Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Fruge' Capital Advisors charge?","answer":"Fruge' Capital Advisors charges 0.25%–1.00% a year for its Investment Management Agreement. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"FRUGE CAPITAL ADVISORS ADV PART 2A AND 2B DEC 31 2025, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Fruge' Capital Advisors use?","answer":"Fruge' Capital Advisors’ separately managed account assets are held at Charles Schwab (Omaha, NE), with $140M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Fruge' Capital Advisors have?","answer":"Fruge' Capital Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Fruge' Capital Advisors invest in?","answer":"At the end of its last fiscal year, Fruge' Capital Advisors’ separately managed accounts held 67% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 4% state and local bonds and 2% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Fruge' Capital Advisors?","answer":"Fruge' Capital Advisors’ direct owner is Don Fruge (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fruge' Capital Advisors get paid?","answer":"Fruge' Capital Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Fruge' Capital Advisors?","answer":"Fruge' Capital Advisors’ main office is at 2086 Old Taylor Road, Suite 1013, Oxford, MS 38655. Its phone number is 662-550-4554.","source":"Form ADV Part 1A, Item 1.F, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}