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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM under $100M

T&S INVESTMENTS

T&S INVESTMENTS, LLC, CRD 164425

FARGO, ND

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:5bb5a7cc-b057-f6db-cbd3-701e238ec2bb

Data as of Mar 27, 2015 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:53 AM UTC and rebuilt at most every 15 minutes.

Relationships: 6
Dated events: 3
On other graphs: 0
Observed: Jul 8, 2014 to Mar 27, 2015
2 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $13.6MItem 5.F on the latest filing (2015-03-27); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $13.6M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $6.8Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 2
Advisory employees: 2
Accounts: 5
SEC number: 801-80084
CRD: 164425
Filings on the tape: 2
First filed: Jul 8, 2014
Latest filed: Mar 27, 2015
Organised: Limited Liability Company, North Dakota

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
KELLY L STEFFES	n/a	FARGO, ND	1	14	n/a	no
RICHARD DUANE THORESON	Chartered Financial Analyst	FARGO, ND	0	14	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
STEFFES, KELLY, L	SECRETARY/TREASURER	D	yes	10/2011	Jul 8, 2014	Mar 27, 2015
THORESON, RICHARD, DUANE	PRESIDENT AND CCO	D	yes	10/2011	Jul 8, 2014	Mar 27, 2015

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
KELLY L. STEFFES	n/a	n/a	n/a	Y	yes	Nd
THORESON STEFFES TRUST CO.	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2014	Mar 27, 2015	$13.6M	$13.6M	2	2	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	1

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2014	$13.6M	n/a	n/a	n/a	n/a	2	n/a	n/a	n/a

Relationships

Registered with (4)

← RICHARD DUANE THORESONAdvisorregistration: current employment
Dec 7, 2025 to presentfactForm ADV
← KELLY L STEFFESAdvisorregistration: current employment
Jan 1, 2025 to presentfactForm ADV
← Rebecca Lynn WalenAdvisorregistration: previous registration
Mar 24, 2025 to Mar 31, 2025factForm ADV
← DUSTIN MICHAEL RICHTERAdvisorregistration: previous registration
Feb 14, 2020 to Jun 7, 2023factForm ADV

Controls (2)

← THORESON, RICHARD, DUANEOwnerPRESIDENT AND CCO, ownership code D, individual
Jul 8, 2014 to presentfactForm ADV
← STEFFES, KELLY, LOwnerSECRETARY/TREASURER, ownership code D, individual
Jul 8, 2014 to presentfactForm ADV

Dated events

Occurred
Mar 31, 2025
Advisor changed firm
Rebecca Lynn Walen left T&S Investments for Osaic Institutions, Inc. (registered 2025-10-31)
Form ADVobserved 5 days ago
Occurred
Jun 7, 2023
Advisor changed firm
Dustin Michael Richter left T&S Investments for Prairiewood Wealth Management (registered 2025-05-20)
Form ADVobserved 5 days ago
Occurred
Jul 8, 2014
First Form ADV filing
T&S Investments filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:5bb5a7cc-b057-f6db-cbd3-701e238ec2bb
First observed: Jul 8, 2014
Last observed: Mar 27, 2015 139 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

T&S INVESTMENTS

T&S INVESTMENTS, LLC, CRD 164425

FARGO, ND

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:5bb5a7cc-b057-f6db-cbd3-701e238ec2bb

Data as of Mar 27, 2015 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:53 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

KELLY L STEFFES

n/a

FARGO, ND

n/a

RICHARD DUANE THORESON

Chartered Financial Analyst

FARGO, ND

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

STEFFES, KELLY, L

SECRETARY/TREASURER

yes

10/2011

Jul 8, 2014

Mar 27, 2015

THORESON, RICHARD, DUANE

PRESIDENT AND CCO

yes

10/2011

Jul 8, 2014

Mar 27, 2015

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

KELLY L. STEFFES

n/a

yes

THORESON STEFFES TRUST CO.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2014

Mar 27, 2015

$13.6M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2014

$13.6M

n/a