Thoreson Steffes

Thoreson Steffes provides fee-based investment advisory and financial planning to individuals, trusts, estates, charitable organizations, trust companies, corporations, and other business entities. The firm offers portfolio management and tailored financial planning, using a broad investable universe that can include mutual funds, exchange-listed securities, private equity, real estate and options.

The firm follows a strategic asset-allocation approach with tactical adjustments and uses fundamental, technical, and cyclical analysis to guide security selection, rebalancing, and position sizing. Although the adviser manages discretionary portfolios, its Form ADV reports $12,980,331 in discretionary assets out of roughly $49.3 million in total AUM, indicating a substantial portion of client assets is handled on a non-discretionary basis.

A notable feature is the firm’s affiliation with a trust company (Thoreson Steffes Trust Company); the brochure discloses that the principals also serve as principals of that trust company and that clients may be steered to the trust company or to third-party account managers when appropriate. The firm is a small advisory team serving a limited number of client relationships and discloses practices around broker recommendations, potential receipt of research/soft-dollar arrangements, and formal proxy voting procedures.