HighMark Wealth Management is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where HighMark Wealth Management and its representatives are properly licensed or exempt from licensure. No advice may be rendered by HighMark Wealth Management unless a client service agreement is in place. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.


Copyright 2016. HighMark Wealth Management, LLC

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The HighMark Team.

HighMark Wealth Management specializes in providing customized wealth management solutions for public and private companies, high-net worth clients and their families. The firm bases its client relations on collaboration, the extensive experience of its principals and creative thinking. Every member of the team at HighMark Wealth Management is an accomplished professional, able to perform in a results-driven atmosphere and provide clients with consistent service of the highest quality.

Take a few minutes to become acquainted with the members of our team.
And contact us if you have questions.


HighMark Wealth Management

30 East 7th Street, Suite 3535

St. Paul, MN 55101

PHONE: (651) 829-3300

FAX: (651) 829-3301


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Full Bios below >>>

Todd E. Arens, CRPS®, AIF®

President, Chief Financial Officer


Leader of the team and CEO of HighMark Wealth Management is Todd Arens, a veteran of over twenty years experience in wealth planning & management,  A Chartered Retirement Plan specialist (CRPS)  and Accredited Investment Fiduciary(AIF)  Arens is committed to helping his clients achieve their goals. Along with implementing sound investment strategies he partners with his client’s accountants and attorneys to provide expert, personalized and balanced advice.

Prior to founding HighMark Wealth Management he led Arens Wealth Management for 19 years at UBS, Piper Jaffray and JGK, as a First Vice President of Investments. At UBS, Todd earned the Wealth Advisor designation where he consistently participated in the top leadership councils. For multiple years Todd has been recognized as a Five Star Wealth Manager.  

Todd resides in Stillwater, MN with his wife and three sons. He enjoys volunteering in the community and is currently a Coordinator for the Stillwater Area Lacrosse Association. He also coaches his son’s lacrosse and football teams. During the summer, Todd enjoys spending time on the St. Croix River with his family. During the winter he spends a lot of time in hockey rinks and occasionally on the ski slopes.

PHONE: 651-829-3302








Patrick J. Sullivan

Partner, Wealth Strategist


Patrick J. Sullivan is a graduate of the Opus College of Business, University of St. Thomas, with a BA in Financial Management. He works closely with Todd Arens in managing Highmark Wealth Management’s financial planning service, portfolio management and client specific risk analysis. Patrick works hard to provide in-depth solutions for individual and corporate clients. He has been a very valuable resource for clients over the last four years.

Currently, he is an active member of the St. Paul Rotary Club and a member of the St. Paul Chamber of Commerce – Young Professionals. Patrick is also a Commissioned Notary.

For clients, Patrick is a constant point of contact throughout the day, into the evening and regularly on weekends. He has an unparalleled work ethic and a passion for finance.

A Minnesota native, Patrick is an enthusiastic sports fan who enjoys watching the MN Wild, MN Twins and Golden Gopher Hockey. During the summer, he enjoys playing golf and competing on a national level with Border BBQ – a Kansas City Barbeque Society sanctioned competition BBQ team, which he started with two of his college buddies. Patrick is also a member of the Summit Brewery men’s hockey team.

PHONE: 651-829-3309








Denis Bakke

Executive vice president - Wealth management


Joining HighMark Wealth Management as Executive Vice President, Denis Bakke has been helping investors build and preserve wealth since 1966. With trust, loyalty, and honesty he has guided his clients through each stage of their lives and continues serving their children and grandchildren.

Prior to joining HighMark Wealth Management, Denis began his career at Caldwell-Philips, Inc. and has spent the last 40 years with UBS, formerly Piper Jaffray. Gaining experience working under different corporate bank and wire house models, Denis brings decades of insight and expertise with wealth management and financial planning.

Denis is a lifelong St. Paul, Minnesota area resident. He graduated from the University of Minnesota following his service in the United States Air Force. Although his childhood sweetheart and wife of 53 years passed away, he cherishes the time he gets to spend with his two daughters and five grandchildren. In addition to his family, Denis enjoys reading, Bible study, horticulture, travel and photography.



PHONE: 651-829-3310








Jerod Gustafson

Managing Director – Investments


Joining HighMark Wealth Management as Managing Director of Investments, Jerod Gustafson has been helping investors build and preserve wealth since 1996. Focusing on comprehensive financial planning and personalized investment strategies, Jerod strives to help his clients achieve their lifetime goals. He is comfortable and committed to working with clients’ accountants and attorneys to aid in a holistic approach to wealth management.

Prior to joining HighMark Wealth Management, Jerod worked as a Financial Advisor for 18 years with UBS, Piper Jaffray and US Bancorp as a Vice President. The experience and knowledge gained throughout his career has allowed Jerod to bring vast insight and expertise when discussing investment products and strategies.

Born and raised in Minnesota, Jerod has lived in Eagan for over 15 years with his wife and 4 children. He enjoys coaching baseball, basketball and soccer through the Eagan Athletic Association. He has served as master of Mizpah Masonic Lodge in South St. Paul, MN. During the summer, Jerod works to improve our environment and biodiversity by keeping bees, planting trees, and helping preserve wetlands. Jerod also enjoys hunting and fishing during the fall months. Sharing his love for music, Jerod teaches his children piano and encourages them to embrace the performing arts.

PHONE: 651-829-3322







Deborah F. Peterson

Senior Administrative Coordinator


Deborah, who manages the day-to-day operations at HighMark Wealth Management, has over 26 years of experience in the brokerage industry. She is a graduate of the University of Minnesota with a degree in marketing education. As Senior Administrative Coordinator, Deborah is deeply involved in the operations of the firm along with developing each client relationship. Her endless attention to detail and accuracy ensure that the client experience is smooth and flawless.

PHONE: 651-829-3304











Erin Gustafson

Administrative Associate


Erin provides administrative assistance and customer support for Jerod and his clients. She earned her degree in Social Work from Augustana College prior to completing her Masters from St. Catherine’s University / University of St. Thomas. Erin has an extensive background in family services, crisis management and customer service while working with St. Paul Public Schools prior to joining Jerod at HighMark.

Currently, she actively volunteers in collaboration with the Mpls Institute of Art as an Art Adventure presenter in local children’s schools. Erin is also very active in with the Eagan Athletic Association coaching track and volleyball.

PHONE: 651-829-3300


Todd E. Arens, CRPS®, AIF®

President, CEO

Patrick J. Sullivan

Partner, Wealth Strategist

Denis Bakke


Deborah F. Peterson

Sr. Admin. Coordinator

Erin Gustafson

Admin. Associate


Jerod Gustafson

Managing Director - Investments