# Richard Thoreson

> Richard Thoreson is a fee-only financial advisor at Thoreson Steffes in Fargo, North Dakota, who holds the CFA credential. Thoreson Steffes reports charging a percentage of assets and hourly fees on its Form ADV.

Page: https://find.wellspent.co/advisors/richard-thoreson/
Built from SEC adviser records; last checked October 30, 2026.

## Facts

- **Firm:** Thoreson Steffes
- **Based in:** Fargo, North Dakota
- **Fee model (firm's Form ADV):** Percentage of assets; Hourly
- **Assets under management (firm):** $49.3M across 31 accounts
- **Credentials:** CFA
- **CRD:** 1052432 (https://adviserinfo.sec.gov/individual/summary/1052432)
- **SEC registration:** Investment adviser representative in ND
- **Firm size:** 2 employees
- **Disclosures:** None reported

## Frequently asked questions

### Is Richard Thoreson a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Richard holds no broker registration, and Thoreson Steffes reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Richard charge for financial advice?

Richard's firm, Thoreson Steffes, reports charging a percentage of assets and hourly fees on its SEC Form ADV.

### Where is Richard Thoreson based?

Richard Thoreson is based in Fargo, North Dakota.

### What credentials does Richard Thoreson hold?

Richard Thoreson holds the CFA credential.

### Is Richard Thoreson registered with the SEC?

Yes. Richard Thoreson is registered as an investment adviser representative in ND (CRD 1052432), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Thoreson Steffes manage?

Thoreson Steffes reports $49.3M across 31 accounts in assets under management.

### How do I contact Richard Thoreson?

Contact details aren't on file yet. Search for Thoreson Steffes.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/1052432): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.