Highmark Wealth Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
HighMark Wealth Management serves individuals, high‑net‑worth clients and retirement plan sponsors, providing discretionary and non‑discretionary investment management, financial planning and retirement plan consulting. The four‑advisor team manages roughly $611.7 million in client assets and implements portfolios composed primarily of mutual funds, ETFs, individual equities and allocations to independent managers.
The firm typically offers services on a wrap‑fee basis that can include trade execution, custody and reporting, and it also accepts standalone planning engagements when requested. HighMark’s investment process uses charting, fundamental and technical analysis, and the firm discloses that it may permit borrowing (margin or securities‑based loans) and treats cash positions as an asset class when managing accounts.
Noteworthy distinctions include acting as a wrap‑fee program sponsor — with Fidelity serving as the custodian for program accounts — which the firm discloses can create incentives related to trade frequency and transaction costs. The brochure also discloses the use of compensated promoters/endorsements to introduce prospects and a recommendation relationship with an independent manager (FirstLight) that involves a familial connection to the principal and requires a separate client agreement to address the conflict.
Client services
Expertise
Fee options
Financial planning and consulting services may be provided on a fixed fee basis, negotiated per engagement.
$0.00 - $249,999.99: 1.50% $250,000 - $499,999.99: 1.25% $500,000 - $999,999.99: 1.00% $1,000,000 - $2,499,999.99: 0.85% $2,500,000 - $4,999,999.99: 0.75% $5,000,000 - $9,999,999.99: 0.65% $10,000,000 - $99,999,999.99: 0.50%
Commission charges apply when clients purchase investment or insurance products through certain representatives; commissions vary and may include 12b-1 trailing commissions.
Financial planning and consulting services on a negotiable hourly rate basis generally ranging from $150 to $500 per hour.
Main office
944 Inwood Ave N
St. Paul MN 55128
Advisors at this office
5
Most active in
Arizona · California · Florida · Minnesota · Texas · Wisconsin
Also doing business as
Highmark Wealth Management · Highmark Wealth Management LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Emmett G
Series 65
St. Paul, MN
Highmark Wealth Management LLC
Emmett Gustafson is a financial advisor at HighMark Wealth Management LLC in St. Paul, MN, holding a Series 65 designation. He has one year of experience at HighMark Wealth Management and Harrington Langer & Associates. Gustafson’s prior work includes roles in education and local government. HighMark Wealth Management serves individuals, high-net-worth clients, and retirement plan sponsors, offering discretionary and non-discretionary investment management, financial planning, and retirement plan consulting. The firm’s four-advisor team manages approximately $611.7 million in client assets through portfolios including mutual funds, ETFs, individual equities, and allocations to independent managers.
Patrick S
CFP®, Series 66
St. Paul, MN
Highmark Wealth Management LLC
Patrick Sullivan is a CFP® and holds a Series 66 license with 13 years of industry experience. He has been with HighMark Wealth Management LLC since 2012 and also has experience with Purshe Kaplan Sterling Investments. Outside of his advisory role, he serves as president of a commercial real estate company. HighMark Wealth Management serves individual and high-net-worth clients as well as retirement plans, offering both discretionary and non-discretionary portfolio management alongside financial planning and retirement plan consulting. The firm employs a multi-strategy investment approach using mutual funds, ETFs, individual equities, and separate account managers, and provides services on a wrap-fee basis with access to independent managers.
Todd A
Series 63, Series 66
St. Paul, MN
Highmark Wealth Management LLC
Todd Arens is a financial advisor at HighMark Wealth Management LLC in St. Paul, MN, with 32 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at Purshe Kaplan Sterling Investments, Inc. since 2012. Outside of his advisory role, he serves as president of GCJNAPJ, LLC, a commercial real estate company. HighMark Wealth Management serves individual and high-net-worth clients as well as retirement plans, offering discretionary and non-discretionary portfolio management alongside financial planning and retirement plan consulting. The firm employs a multi-strategy investment approach using mutual funds, ETFs, equities, and separate account managers, and provides services on a wrap-fee basis or through stand-alone planning engagements.
Daniel S
CFP®, Series 65
St. Paul, MN
Highmark Wealth Management LLC
Daniel Sullivan is a CFP® with eight years of industry experience, currently serving as a financial advisor at Highmark Wealth Management LLC since 2016. He previously worked at the University of St. Thomas from 2014 to 2018. HighMark Wealth Management serves individuals, high-net-worth clients, and retirement plan sponsors, offering investment management, financial planning, and retirement plan consulting. The firm manages portfolios using mutual funds, ETFs, individual equities, and independent managers, employing charting, fundamental, and technical analysis in its investment process.
Jerod G
Series 63, Series 65
St. Paul, MN
Highmark Wealth Management LLC
Jerod Gustafson is a financial advisor at Highmark Wealth Management LLC in St. Paul, MN, with 30 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Highmark and Purshe Kaplan Sterling Investments since 2014. Highmark Wealth Management serves individuals, high-net-worth clients, and retirement plan sponsors, offering investment management, financial planning, and retirement plan consulting. The firm utilizes a combination of charting, fundamental, and technical analysis to manage portfolios primarily consisting of mutual funds, ETFs, individual equities, and allocations to independent managers.
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