Thoreson Steffes

Thoreson Steffes is a fee-only investment adviser registered with the securities regulator of North Dakota, with its main office in Fargo, North Dakota. On its latest Form ADV, filed March 30, 2026, it reports $49M in regulatory assets under management, 30 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.

Key facts from Form ADV

Registration	State-registered: North Dakota
Firm CRD number	164425 · SEC file 801-80084
Office	210 N. Broadway Suite 400 Fargo, ND 58102
Phone	(701) 478-3338
Website	Not listed
Regulatory assets under management	$49M ($13M discretionary)
Individual clients	25 non-high-net-worth, 5 high-net-worth
Financial planning clients	1-10
How it charges	Percentage of assets, Hourly
Services	Financial planning, Portfolio management
Employees	2
Disciplinary disclosures	None reported
Latest Form ADV filing	March 30, 2026

Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.

What this means for you

• It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
• It also charges a percentage of assets managed for ongoing investment management.
• Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
• It provides financial planning services, not only portfolio management.
• It reports no disciplinary history on Form ADV.

Before you hire any adviser

Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.

Other fee-only advisers in Fargo

• Financial Strategies Group $189M
• Light Financial Services, Inc. $176M
• Prairiewood Wealth Management $365M
• Fjell Capital $187M
• Schmidt Wealth Management $96M

See all 6 fee-only advisers in Fargo →