Thoreson Steffes
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$46,516,811
Clients
30
Advisors
2
of 2 employees
About
Thoreson Steffes provides fee-based investment advisory and financial planning to individuals, trusts, estates, charitable organizations, trust companies, corporations, and other business entities. The firm offers portfolio management and tailored financial planning, using a broad investable universe that can include mutual funds, exchange-listed securities, private equity, real estate and options.
The firm follows a strategic asset-allocation approach with tactical adjustments and uses fundamental, technical, and cyclical analysis to guide security selection, rebalancing, and position sizing. Although the adviser manages discretionary portfolios, its Form ADV reports $12,980,331 in discretionary assets out of roughly $49.3 million in total AUM, indicating a substantial portion of client assets is handled on a non-discretionary basis.
A notable feature is the firm’s affiliation with a trust company (Thoreson Steffes Trust Company); the brochure discloses that the principals also serve as principals of that trust company and that clients may be steered to the trust company or to third-party account managers when appropriate. The firm is a small advisory team serving a limited number of client relationships and discloses practices around broker recommendations, potential receipt of research/soft-dollar arrangements, and formal proxy voting procedures.
Client services
Expertise
Fee options
1.00% annually
$250 per hour, negotiable
Main office
210 N. Broadway, Suite 400
Fargo ND 58102-4771
Advisors at this office
2
Most active in
North Dakota
Also doing business as
T&S Investments · T&S Investments, LLC · Thoreson Steffes
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Trust company
They provide trust and estate administration services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Kelly S
Series 65
Fargo, ND
Thoreson Steffes
Kelly Steffes is a financial advisor at Thoreson Steffes with 14 years of industry experience. He holds a Series 65 designation and has worked at Thoreson Steffes Trust Company since 2013 and at T&S Investments, LLC since 2011. Thoreson Steffes provides fee-based investment advisory and financial planning services to individuals, trusts, estates, charitable organizations, corporations, and other business entities. The firm employs a strategic asset-allocation approach with tactical adjustments and uses fundamental, technical, and cyclical analysis for security selection and portfolio management.
Richard T
CFA®
Fargo, ND
Thoreson Steffes
Richard Thoreson is a CFA® charterholder with 13 years of industry experience. He is a principal at Thoreson Steffes Trust Company, where he has worked since 2013, and is a 50% owner of a private trust company. Thoreson Steffes serves individual investors, including high-net-worth clients, as well as trusts, estates, charitable organizations, and business entities. The firm offers fee-based investment advisory and financial planning, using a strategic asset allocation framework combined with fundamental, technical, and cyclical analysis, and manages portfolios through both discretionary and nondiscretionary approaches.
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