Thoreson Steffes

Thoreson Steffes is a registered investment advisor firm established in August 2012 and based in Fargo, ND. The firm offers fee-based investment advisory and financial planning services, specializing in custom portfolio management on a discretionary basis. Their strategic asset allocation strategy aims to reduce risk and enhance performance, with tactical adjustments to seize opportunities. Thoreson Steffes may invest in various securities, including mutual funds, ETFs, government securities, and private equity. They may also recommend portfolio diversification, stock selection, and cash positions for risk management. For their services, Thoreson Steffes charges a standard management fee of 1.00% per annum, payable monthly. Clients can also opt for financial planning advice at an hourly fee of $250, billed monthly. The firm does not charge performance-based fees. Thoreson Steffes serves individuals, trusts, corporations, and charitable organizations without a minimum account requirement. Clients grant the firm investment discretion, allowing Thoreson Steffes to make investment decisions based on agreed-upon objectives and guidelines. The firm's investment analysis includes fundamental, technical, and cyclical approaches, aiming to provide tailored advice based on client goals and risk tolerance. Thoreson Steffes does not hold custody of client funds and recommends the use of Charles Schwab Corporation as the custodian and broker-dealer. The firm has not had any legal or disciplinary events, and its principals, Richard D. Thoreson, CFA, and Kelly L. Steffes, JD, have extensive experience in the financial industry. Thoreson Steffes emphasizes ethical conduct, best execution practices, and client-focused service in its operations.