Todd Terhorst, CFP®, AIF®, CLU, ChFC, AAMS, CEA, CRPC, CFEd, AWMA, CMFC, RICP
President and Managing Partner
Todd began his career in the financial planning industry in 1994. Since founding Diversified Wealth Management in 2003, the firm has expanded to 50 financial professionals (plus staff) in multiple locations throughout Minnesota, North Dakota, South Dakota and Wisconsin.
Todd works with individuals and small business owners doing comprehensive financial planning, wealth management and retirement plans for small businesses. Todd also acts as managing partner for the Independent Financial Advisors Consortium (IFAC). The IFAC is a network of advisors that operate independently, but share knowledge and expertise to enhance the services they provide to clients.
Todd holds a diverse array of advanced financial services designations that illustrate his expertise in a variety of investment management and financial planning areas.
Credentials and Professional Designations:
CFP® - Certified Financial Planner Professional: A designation issued by an independent board for financial planning. The CFP is widely considered to be a very prestigious and important designation in the industry for advisors who offer comprehensive financial planning advice and services.
AIF® – Accredited Investment Fiduciary - A designation offered through FI360 in association with Centre for Fiduciary Excellence (CEFEX) that focuses on applying fiduciary standards and prudent practices to the investment management process. Also applies to the management of qualified plans (401k plans etc).
CLU - Chartered Life Underwriter - An advanced designation offered through the “American College” that concentrates on insurance analysis and estate planning.
ChFC - Chartered Financial Consultant - An advanced designation offered through the “American College” that concentrates on financial planning for small businesses.
AAMS - Accredited Asset Management Specialist - An advanced program offered through the “College for Financial Planning” that concentrates on asset management and asset allocation.
CRPC - Chartered Retirement Planning Counselor - An advanced designation offered by the “College for Financial Planning” focusing on retirement planning for individuals and small businesses.
CFEd - Certified Financial Educator - A specialty designation through the “Heartland Institute of Financial Education” (HIFE) dealing with college level “work place” and corporate financial education.
AWMA - Accredited Wealth Management Advisor - An advanced program offered through the “College for Financial Planning” that concentrates on comprehensive wealth management issues.
CMFC – Chartered Mutual Fund Counselor – A designation offered through the “College for Financial Planning” concentrating on professionally managed investment vehicles (like mutual funds).
RICP – Retirement Income Certified Professional - A specialty designation through the “American College” focused on retirement income planning for retiring clients.
*Securities Licenses:
Series 6 FINRA - License for mutual funds / variable insurance / annuities
Series 7 FINRA - License for general securities (stocks, bonds, mutual funds)
Series 24 FINRA - License for securities principal (supervision of other advisors)
Series 31 FINRA - License for managed futures (funds)
Series 63 NASAA - License for federal and state securities regulations
Series 65 NASAA - License for investment fee-based advisory services
Insurance Licenses:
Department of Commerce general insurance license for traditional (term, whole life, universal life and variable life), annuities, health, long-term care, disability, and group insurance.
Phone
612-435-0035