# Thoreson Steffes

> Thoreson Steffes is a state-registered investment advisory firm in Fargo, ND, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 164425
- Filed as: THORESON STEFFES
- Legal name: T&S Investments, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Fargo, ND
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/164425
- AdvisorCensus page: https://advisorcensus.com/firm/thoreson-steffes-fargo-nd-164425

## Quick answers

**How is Thoreson Steffes compensated?**
On its Form ADV (Item 5.E, October 2026), Thoreson Steffes reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Where is Thoreson Steffes located?**
Thoreson Steffes' principal office is in Fargo, ND, according to its Form ADV.

**Is Thoreson Steffes registered with the SEC or a state?**
Thoreson Steffes is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 164425.

**How much does Thoreson Steffes manage?**
Thoreson Steffes reports $49,253,138 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (26% discretionary).

**What types of clients does Thoreson Steffes serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (25); high net worth individuals (5); corporations or other businesses not listed above (1).

**Does Thoreson Steffes report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/164425

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Regulatory assets under management (Item 5.F)
- Total: $49,253,138
- Discretionary: $12,980,331
- Non-discretionary: $36,272,807

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 25 | $4,597,763 |
| High net worth individuals | 5 | $41,919,048 |
| Corporations or other businesses not listed above | 1 | $2,736,327 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: ND
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thoreson Steffes (CRD 164425): Form ADV filing data as of October 2026.