Diversified Wealth Management

Diversified Wealth Management

Diversified Wealth Management launched in 2003 and has since expanded from its Minneapolis-area headquarters to seven additional locations in Minnesota and North Dakota. The firm is led by President and Managing Partner Todd Terhorst, with a senior partnership group that includes Pete Zvanovec and Christopher Lawes. Unlike a single-family office or institutional asset manager, the firm operates as a broad-based advisory partnership serving individual clients and business owners across the Upper Midwest. Services cover comprehensive financial planning, tax planning, retirement planning, investment management, estate and legacy strategies, employee benefits implementation, business succession planning, education funding, income strategies, and insurance and risk management. The firm does not publicly describe a proprietary investment vehicle or pooled fund; its website points to personalized portfolio management and financial planning as the core offering. No publicly disclosed direct investments or co-investments exist in its materials, and it does not publish an asset-class breakdown or specific portfolio-company names. The firm's website lists 55 professionals, with 15 identified as partners or vice presidents, suggesting an ownership structure distributed across the partnership. The team holds multiple professional designations: CFP, CPA, CPWA, CLU, ChFC, AIF, and others appear across the leadership. Offices are maintained in St. Louis Park, Albany, Burnsville, Litchfield, New Prague, Bismarck, and Fargo. No recent operational event — such as a merger, acquisition, or new vehicle launch — could be confirmed from the available sources. The structural differentiator is geographic: Diversified Wealth Management is not a national aggregator but a partnership physically embedded in the communities it serves, with dedicated local offices rather than a centralized service model. This contrasts with remote-only advisory platforms and reflects a traditional relationship-based wealth management structure. The firm does not disclose succession planning details, but the breadth of named partners suggests an internal pathway for leadership continuity.