Firm
Thoreson Steffes
Fargo, North Dakota
Fee-only
Thoreson Steffes at a glance
- One of 12 fee-only firms based in North Dakota in the Wellspent graph.
- 2 advisors are listed here; 1 of 2 hold the CFA.
- Its Form ADV reports 2 employees and 30 individual clients, 5 of them high net worth.
- Its average account is about $1.6 million (assets it manages divided by its 31 accounts).
Facts
| Based in | Fargo, North Dakota |
|---|---|
| Phone | (701) 478-3338 |
Thoreson Steffes fees
Thoreson Steffes doesn't publish its prices on its website, or we couldn't confirm them word for word. Ask for its Form ADV Part 2A, which must describe its fees.
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly |
|---|---|
| Assets managed | $49 million |
| Individual clients | 25 |
| High-net-worth clients | 5 |
| Accounts managed | 31 |
| Employees | 2 |
| Planning clients | 1-10 |
| Registered with | The SEC (801-80084) |
| Financial planning | Offered |
| Form ADV filed | March 30, 2026 |
| SEC record | CRD 164425 |