Our Team

The ensemble gathered at Tealwood carries a deep commitment to success in all aspects of their lives. We are a collection of indivduals with a high level of personal integrity, industry expertise and community leadership.

As a team, we demand excellence of ourselves and our partners, and constantly challenge each other to do more than is expected. The end result is an outstanding investment management firm that brings extraordinary value to you.

CHARLIE MAHAR, AIF®
Principal / Chief Executive Officer / Chief Investment Officer

Charlie Mahar

Charlie leads our investment team as well as the firm's long-term strategy. His enthusiasm for the investment business makes for a high energy environment built around a proven investment discipline.

Charlie has been serving institutional and individual investors for over 35 years. He joined Tealwood in 1995 after 13 years in the investment business with Smith Barney and Dean Witter. Charlie has a B.A. in American Studies from Coe College and serves as a Board Member/Director at the Minnesota Historical Society, Western Golf Association, and the Investment Advisor Association, where he also serves as Chair of the Political Action Committee. He holds the Accredited Investment Fiduciary® designation and is a past Board Member of Twin Cities Public Television.

612.341.9361
cmahar@tealwood.com

JODI HALBERT, IACCP®
Principal / Chief Operating Officer / Chief Compliance Officer

Jodi Halbert

Jodi has been with the firm since 1994, and in 1999 she became a partner.

Jodi possesses more than 30 years of industry specific compliance and operations experience. She has earned the Investment Adviser Certified Compliance Professional® designation and serves on Tealwood's Management Committee. Jodi is responsible for regulatory compliance and overseeing the operations of the firm.

When she is not at Tealwood, Jodi enjoys being with family, volunteering with her congregation, and photographing Minnesota wildflowers.

612.341.1159
jhalbert@tealwood.com

DAVID NEAL
Principal / Portfolio Manager

David Neal

David has been serving clients of Tealwood for 20 years. He brings a real-world perspective inspired by over two decades of operating experience in the healthcare and consumer products industries to his lifelong passion for investing.

David joined Tealwood in 1997, serving as a portfolio manager and member of the Investment Committee. He is a partner in the firm and member of the management team. He received an M.B.A. from Stanford University Graduate School of Business in 1979 and a B.A. in Biology and Economics from the University of California in 1973. David currently serves on the Board of Trustees for the Minnesota Museum of Art, is a past Trustee for the Episcopal Church of Minnesota and past Board Chair for Lake Country School.

612.333.6420
dneal@tealwood.com

STEVE RICHTER, CFA®
Principal / Investment Committee Manager

Steve Richter

Steve joined Tealwood in 2006 after completing his B.S. in Finance from St. Cloud State University. Prior to coming to Tealwood, Steve worked as an analyst for Ameriprise Financial.

Steve manages Tealwood’s Investment Committee, co-manages Tealwood’s Strategic Income, Defensive Fixed Income, and Quality Fixed Income portfolios, and supervises trading operations. Steve is a member of the CFA Institute and the CFA Society of Minnesota. He enjoys spending his free time with his wife and young twins, and getting in as much golf as he can.

612.341.1163
srichter@tealwood.com

WENDY K. BENNIS
Principal / Senior Advisor

Wendy Bennis

Wendy joined the firm in 2009, is a principal, and serves on the leadership team. Her experience spans several industries, providing valuable context and perspective in her work with clients. Bringing a philosophy of balance and quality of life to her work, her approach tailors investment strategies to align with each client's purpose for their money.

Wendy holds the Accredited Wealth Management Advisor® and Chartered Retirement Planning Counselor® designations from the College for Financial Planning. She also completed the University of St. Thomas Nonprofit Fundraising Certificate series, is a member of the Financial Planning Association of Minnesota, and is a licensed Realtor. Wendy is a current Friend of the Future of the Northside Achievement Zone, a board member of the Twin Cities International Wine & Food Society, and previously served on the Board of Directors for Minnesota Life College.

Wendy is an avid outdoorswoman with many interests, including fly fishing, skiing, sailing, and gardening. She is also a student of Flamenco guitar and Italian.

612.767.6223
wbennis@tealwood.com

D. WARD JOHNSON
Vice President

Ward Johnson

Ward liked being a client of Tealwood so much he decided to join the team.

Ward enjoyed being a client of Tealwood so much, in 2006 he joined the team after 37 years in the investment banking industry. He graduated from the University of Minnesota with a history degree and was captain of the men's golf team. Ward's passion for golf continues as he is a Golf Digest "100 Greatest" rating panelist and was a USGA Committee member for 25 years.

Ward is a current Trustee of the St. Paul College Foundation and a member of the Minnesota Historical Society. He has served as a member of the Board of Twin Cities Habitat for Humanity, the National Eagle Center, Twin Cities Public Television, Hamline University, Western Golf Association, Trans Mississippi Golf Association, Friends of the St. Paul Library, Humane Society for Companion Animals, YMCA Camp Widjiwagan, the Minnesota Golf Association, the Capital Campaign Committee of the MNHS, and the Somerset Country Club.

612.860.6263
wjohnson@tealwood.com

PEET MOSELEY, CFP®
Senior Investment Officer

Peet Moseley

Peet joined Tealwood in January of 2016 after 13 years with Fidelity Investments as a financial consultant and Certified Financial Planner®. He graduated from Gustavus Adolphus College with a B.A. in Management and has spent the last 15 years in the investment and insurance industry helping clients define and reach their financial goals.

Peet currently lives in Minneapolis with his wife and their two boys. He enjoys coaching his son's hockey team and playing golf.

612.767.6221
pmoseley@tealwood.com

TODD KROUGH
Senior Investment Officer

Todd Krough

Todd joined the firm in 2017. His 30 years of advisory expertise in the industry is a valuable addition to our team of seasoned professionals. Having worked with several large financial institutions, Todd sought a firm that is independent; a place where forging meaningful client relationships is intrinsic to the culture.

Todd's alma mater is Gustavus Adolphus College, where he earned a Bachelor's degree in Business Administration. He serves as a board member for the Gustavus Alumni Association, and is a past board member of the Minneapolis Rotary. He is an active member with the Twin Cities Exit Planning Institute, a forum of business transition experts.

Todd lives in Plymouth with his wife, Liz, has three grown children and one grandchild. His interests include playing golf and hockey.

612.767.6756
tkrough@tealwood.com

JOHN ZEVNICK
Investment Officer

John Zevnick

John graduated from the University of Minnesota’s Carlson School of Management in 2006 with a B.S.B. in Finance, Risk Management and Entrepreneurial Management. Prior to joining the team at Tealwood, John served as a United States Peace Corps Volunteer in Belize. His service included working with Youth Business Trust Belize, a small NGO helping young people start or expand their own small businesses in that country.

612.767.6220
jzevnick@tealwood.com

CONNIE PEPPIN
Senior Operations Associate

Connie-Peppin

Connie has over 36 years of securities industry operations experience. She is responsible for client portfolio accounting and assists with all aspects of operations, including billing and government reporting. Connie enjoys reading, traveling, and many outdoor activities with her family.

612.334.9796
cpeppin@tealwood.com

MICHELLE WARNEKE
Client Care Associate

Michelle Warneke

Michelle joined our operations department in 2011 after nine years in the flooring sales and interior design industry. Michelle's responsibilities include account processing, client assistance and reporting, along with providing support to account managers. 

Michelle enjoys spending her free time outdoors with family and exploring various state and national parks.

612.767.6757
mwarneke@tealwood.com

EVAN WELLE
Trading and Research Associate

Evan Welle

Evan graduated from the University of St. Thomas with a degree in Financial Management. Following graduation, he worked as a financial analyst for Carlson Wagonlit Travel and then joined Tealwood’s team in 2014. As part of his role, Evan is an active participant in the investment committee.

Outside of Tealwood, he enjoys singing and playing guitar at local restaurants and for weddings, as well for other events throughout the year. He is an avid outdoorsman, and also follows his favorite Minnesota sports teams.

612.333.6420
ewelle@tealwood.com

GEORGE “DUKE” HUST (FOUNDER)

1934-2007

George HustWe pay tribute to our founding partner, Duke Hust. Duke left us a legacy of great integrity and devotion to our clients; we aspire to sustain his values in our firm far into the future. Duke was a lifetime overachiever. He graduated from Dartmouth College where he was an All-American swimmer, served as an officer in the Marine Corps and had an investment career of nearly 50 years marked by many successes along the way.

Tealwood is an ongoing tribute to his vision. At Tealwood, we are grateful for the privilege of standing on the shoulders of our giant, Duke Hust.

Guiding Principles

Relationships

We strive to know you and your objectives at a level of understanding that is difficult to replicate. It is our devotion to the importance of building these relationships that sets us apart. Our process for building a meaningful, long-term relationship with you is designed to listen to and understand your objectives and how they can be best implemented to meet your goals. We then monitor the strategy and continuously evaluate, communicate and adapt.

Investment Discipline

Fortifying our commitment to building relationships is a proven value-oriented investment discipline that puts investment merit first. We invest for the long-term – concentrating on owning quality businesses that can be purchased at attractive valuations and going beyond conventional core investing. Historically, the best opportunities for investment performance exist in the less efficient corners of the market where valuation and company-specific research can make a difference. We dig deeper to find these unique opportunities.

Client Experience

Our combination of strong relationships, proven investment discipline and customized solutions are designed to provide service and performance beyond expectations. We believe that every client is different. Our core beliefs and structure allow us to design portfolios and asset allocations that fulfill your objectives with complete transparency and mutual understanding. This, coupled with our entrepreneurial culture, allows for a true opportunity to deliver meaningful results.