Diane is a principal and co-founder of Berthel Schutter LLC. Her investment experience covers a 24 year period beginning in 1983 and includes management and institutional client advisory positions at Merrill Lynch and Piper Jaffray. As Managing Director, in January 1996 she launched the investment advisory practice for the Minneapolis office of Arthur Andersen LLP. The practice was transitioned to Berthel Schutter in 1998.

Since 1985 she has served as a trustee for numerous public and private institutions. Diane is currently a member of the Boards of Directors for HealthEast Care Systems and the Minnesota Historical Society.

• Bachelor of Arts degree from the University of Northern Iowa
• Master of Public Administration degree from Harvard University as a Bush Leadership Fellow
• Executive Program in Healthcare from Havard University

Diana is a principal and co-founder of Berthel Schutter LLC (Berthel Schutter). As an investment consultant, she draws upon 28 years of experience in the investment industry that includes in-house investment management for sponsors of corporate and public pension plans. Between 1984 and 1996, she was investment manager, trustee, and chair of the investment committee for West Publishing Company. There, she led initiatives for diversification in real estate, venture capital and private equity. Prior to 1984, she was assistant investment manager for the Minneapolis Teachers Retirement Fund.

She began consulting in 1996 when she joined the Minneapolis office of Arthur Andersen LLP where she helped develop the investment advisory practice that ultimately became Berthel Schutter in 1998.

• Bachelor of Science in Business Administration and MBA in Finance - Carlson School of Business.
• Member, Twin Cities Society of Securities Analysts and the Association for Investment Management and Research (AIMR).
• Member, Investment Committee for the Bigelow Foundation, St Paul, MN

Michael Hoeschen is a founding member of Berthel Schutter LLC and became a principal in January 2001. He was a member of the Arthur Andersen LLP Investment Advisory team until transitioned to Berthel Schutter in July of 1998.

Mike acts as lead consultant for a number of Berthel Schutter foundation, retirement plan and individual clients and manages the investment manager and mutual fund search process. For tax sensitive portfolios he analyzes the tax impact of investment decisions and acts as a liaison to tax professionals and portfolio managers to maximize tax efficiency in portfolio adjustments. Mike has developed proprietary analytical tools to evaluate portfolio characteristics.

• Bachelor of Science degree in Accounting from St. Cloud State University
• Certified Public Accountant
• CFA candidate