Lasting relationships. For all that matters

With the complexity of today's markets and uncertainty about tomorrow's economy, good financial advice is more important than ever. As a team of dedicated Financial Advisors, we're committed to helping you organize your finances around your short term needs, your longer-term goals and what you envision for generations to come. Our knowledgeable perspective, good judgement and broad experience can help you meet your challenges and seize opportunities.

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Pursuing your goals together

Our mission is to provide quality strategies customized to your needs. Our goal is to be your primary source of financial advice. To this end, we concentrate our efforts on developing long-term relationships through a commitment to quality client service.

Scott Musgjerd

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- MI
- MN
- MT
- NC
- ND
- NE
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- UT
- VA
- WA
- WI
For more than 25 years, Scott has been earning the trust of his clients with a holistic approach to wealth management. He meets the needs of his clients with an unparalleled level of service. Scott achieved the Senior Portfolio Manager title by meeting stringent requirements on assets managed, industry experience, length of time using investment discretion, and a spotless compliance record. He earned his B.A. degree in Business Management from St. John's University. Scott and his wife, Melissa, live in Excelsior, MN and have three boys.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- St. John's University, B.A. in Business Management
- Senior Portfolio Manager
681 East Lake Street
Wayzata, MN 55391

scott.musgjerd@ubs.com

Scott Musgjerd

681 East Lake Street,Wayzata,MN,55391
Stephen Weber

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- MI
- MN
- MT
- NC
- ND
- NE
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- UT
- VA
- WA
- WI
For more than 23 years, Steve has built an advisory practice focused on trust and transparent communication. He understands financial planning for every stage of life and is passionate about providing clients with the best options. Steve runs the insurance planning for Wayzata Wealth Management and collaborates with our UBS consultant teams and clients trusted professionals. He earned his B.A. degree in History from St. John's University. Steve and his wife, Britt, live in St Paul and have two boys.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- St. John's University, B.A. in History
- Wealth Advisor
681 East Lake Street
Wayzata, MN 55391

stephen.weber@ubs.com

Stephen Weber

681 East Lake Street,Wayzata,MN,55391
Michael Theilmann

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AK
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- ME
- MI
- MN
- MT
- NC
- ND
- NE
- NJ
- NM
- NV
- NY
- OH
- OR
- SC
- SD
- TN
- TX
- UT
- VA
- VT
- WA
- WI
Mike began his career in the summer of 2005 as an intern during college and in 2009 he joined the Theilmann Financial Group as a Financial Advisor. With his clients, Mike emphasizes asset allocation and total portfolio management with a focus on retirement income planning. He also helps them with education funding, insurance, and estate planning.

Mike earned his BS degree in Finance from Drake University. He lives in Wayzata with his wife Katie, son Henry. He enjoys being active in sports and spending time on the lake in his free time.
- Forbes America’s Top Next-Gen (Generation) Wealth Advisors, 2017, 2020, 2021The Forbes rating is compiled by Shook Research and awarded annually in August based on information from a 12 month period ending in March of the award year.
- Forbes Best-in-State Wealth Advisors, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025The Forbes rating is compiled by Shook Research and awarded annually in April based on information from a 12 month period ending June of the prior year.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- Forbes Top Next-Gen (Generation) Wealth Advisors Best-in-State, 2018, 2019, 2022, 2023, 2024, 2025The Forbes rating is compiled by Shook Research and awarded annually in August based on information from a 12 month period ending in March of the award year.
- Drake University, B.S. in Finance
- Portfolio Manager
681 East Lake Street
Wayzata, MN 55391

michael.theilmann@ubs.com

Michael Theilmann

681 East Lake Street,Wayzata,MN,55391
David Spehar

Vice President–Wealth Management

Financial Advisor
View bio
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- ID
- IL
- IN
- KS
- MA
- MD
- ME
- MI
- MN
- MT
- NC
- ND
- NE
- NJ
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- VA
- WA
- WI
Dave believes that being a Financial Advisor is a tremendous honor that comes with great responsibility. For 20 years, he has worked in many financial sectors including: Retirement Planning, Institutional Sales, Equity Trading, and Private Wealth Management. Dave is passionate about building trusted and meaningful client relationships and takes an active role in facilitating family governance, stewardship, and the education and preparation of the next generation. He is focused on being a lifelong trusted partner with his clients.

Dave graduated from the University of Minnesota in 2001 with a Bachelor of Science degree. He currently holds his Series 7 and 66 Securities License.

Dave and his wife, Rebecca, are strong supporters of The Pancreatic Cancer Action Network, Juvenile Diabetic Research Foundation and Children’s Hospitals. He enjoys the outdoors, Native American history and a round of golf. He and Rebecca live in Chaska, MN, with their two sons.
444 Cedar Street
Suite 2200
St Paul, MN 55101

david.spehar@ubs.com

David Spehar

444 Cedar Street,St Paul,MN,55101
Janice Hatlestad

Authorized Officer

Senior Client Associate
View bio
- AZ
- CA
- CT
- FL
- IA
- IL
- IN
- MA
- MI
- MN
- NC
- OH
- OR
- SD
- TX
- WA
- WI
Janice Hatlestad supports client service and operational needs for Wayzata Wealth Management, including directly assisting clients with diverse transactional and service-related needs. Janice has more than 20 years experience in the financial services industry.

Janice received a business degree from Minneapolis Business College and holds the Series 7 and 66 licenses. She and her husband Rick live in Lakeville, MN and enjoy golf, boating, skiing, and travel.
- Minneapolis Business College, Business
681 East Lake Street
Wayzata, MN 55391

janice.hatlestad@ubs.com

Janice Hatlestad

681 East Lake Street,Wayzata,MN,55391

Scott Musgjerd

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- MI
- MN
- MT
- NC
- ND
- NE
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- UT
- VA
- WA
- WI
For more than 25 years, Scott has been earning the trust of his clients with a holistic approach to wealth management. He meets the needs of his clients with an unparalleled level of service. Scott achieved the Senior Portfolio Manager title by meeting stringent requirements on assets managed, industry experience, length of time using investment discretion, and a spotless compliance record. He earned his B.A. degree in Business Management from St. John's University. Scott and his wife, Melissa, live in Excelsior, MN and have three boys.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- St. John's University, B.A. in Business Management
- Senior Portfolio Manager
681 East Lake Street
Wayzata, MN 55391

scott.musgjerd@ubs.com

Scott Musgjerd

681 East Lake Street,Wayzata,MN,55391
Stephen Weber

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- MI
- MN
- MT
- NC
- ND
- NE
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- UT
- VA
- WA
- WI
For more than 23 years, Steve has built an advisory practice focused on trust and transparent communication. He understands financial planning for every stage of life and is passionate about providing clients with the best options. Steve runs the insurance planning for Wayzata Wealth Management and collaborates with our UBS consultant teams and clients trusted professionals. He earned his B.A. degree in History from St. John's University. Steve and his wife, Britt, live in St Paul and have two boys.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- St. John's University, B.A. in History
- Wealth Advisor
681 East Lake Street
Wayzata, MN 55391

stephen.weber@ubs.com

Stephen Weber

681 East Lake Street,Wayzata,MN,55391
Michael Theilmann

Senior Vice President–Wealth Management

Financial Advisor
View bio Industry recognition
- AK
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- IL
- IN
- KS
- MA
- MD
- ME
- MI
- MN
- MT
- NC
- ND
- NE
- NJ
- NM
- NV
- NY
- OH
- OR
- SC
- SD
- TN
- TX
- UT
- VA
- VT
- WA
- WI
Mike began his career in the summer of 2005 as an intern during college and in 2009 he joined the Theilmann Financial Group as a Financial Advisor. With his clients, Mike emphasizes asset allocation and total portfolio management with a focus on retirement income planning. He also helps them with education funding, insurance, and estate planning.

Mike earned his BS degree in Finance from Drake University. He lives in Wayzata with his wife Katie, son Henry. He enjoys being active in sports and spending time on the lake in his free time.
- Forbes America’s Top Next-Gen (Generation) Wealth Advisors, 2017, 2020, 2021The Forbes rating is compiled by Shook Research and awarded annually in August based on information from a 12 month period ending in March of the award year.
- Forbes Best-in-State Wealth Advisors, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025The Forbes rating is compiled by Shook Research and awarded annually in April based on information from a 12 month period ending June of the prior year.
- Forbes Best-in-State Wealth Management Teams, 2025The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
- Forbes Top Next-Gen (Generation) Wealth Advisors Best-in-State, 2018, 2019, 2022, 2023, 2024, 2025The Forbes rating is compiled by Shook Research and awarded annually in August based on information from a 12 month period ending in March of the award year.
- Drake University, B.S. in Finance
- Portfolio Manager
681 East Lake Street
Wayzata, MN 55391

michael.theilmann@ubs.com

Michael Theilmann

681 East Lake Street,Wayzata,MN,55391
David Spehar

Vice President–Wealth Management

Financial Advisor
View bio
- AR
- AZ
- CA
- CO
- CT
- DC
- FL
- GA
- IA
- ID
- IL
- IN
- KS
- MA
- MD
- ME
- MI
- MN
- MT
- NC
- ND
- NE
- NJ
- NM
- NV
- NY
- OH
- SC
- SD
- TN
- TX
- VA
- WA
- WI
Dave believes that being a Financial Advisor is a tremendous honor that comes with great responsibility. For 20 years, he has worked in many financial sectors including: Retirement Planning, Institutional Sales, Equity Trading, and Private Wealth Management. Dave is passionate about building trusted and meaningful client relationships and takes an active role in facilitating family governance, stewardship, and the education and preparation of the next generation. He is focused on being a lifelong trusted partner with his clients.

Dave graduated from the University of Minnesota in 2001 with a Bachelor of Science degree. He currently holds his Series 7 and 66 Securities License.

Dave and his wife, Rebecca, are strong supporters of The Pancreatic Cancer Action Network, Juvenile Diabetic Research Foundation and Children’s Hospitals. He enjoys the outdoors, Native American history and a round of golf. He and Rebecca live in Chaska, MN, with their two sons.
444 Cedar Street
Suite 2200
St Paul, MN 55101

david.spehar@ubs.com

David Spehar

444 Cedar Street,St Paul,MN,55101
Janice Hatlestad

Authorized Officer

Senior Client Associate
View bio
- AZ
- CA
- CT
- FL
- IA
- IL
- IN
- MA
- MI
- MN
- NC
- OH
- OR
- SD
- TX
- WA
- WI
Janice Hatlestad supports client service and operational needs for Wayzata Wealth Management, including directly assisting clients with diverse transactional and service-related needs. Janice has more than 20 years experience in the financial services industry.

Janice received a business degree from Minneapolis Business College and holds the Series 7 and 66 licenses. She and her husband Rick live in Lakeville, MN and enjoy golf, boating, skiing, and travel.
- Minneapolis Business College, Business
681 East Lake Street
Wayzata, MN 55391

janice.hatlestad@ubs.com

Janice Hatlestad

681 East Lake Street,Wayzata,MN,55391

Turn possibilities into a plan

What’s really important to you—today and for the long term? UBS Wealth Way starts with questions and discussions that can help you organize your financial life into three key dimensions: Liquidity—to help provide cash flow for short-term expenses, Longevity—for longer-term needs and Legacy—for needs that go beyond your own.

^{UBS Wealth Way is an approach incorporating Liquidity. Longevity. Legacy. strategies that UBS Financial Services Inc. and our Financial Advisors can use to assist clients in exploring and pursuing their wealth management needs and goals over different time frames. This approach is not a promise or guarantee that wealth, or any financial results, can or will be achieved. All investments involve the risk of loss, including the risk of loss of the entire investment. Time frames may vary. Strategies are subject to individual client goals, objectives and suitability.}

House View Monthly

Watch the replay of the CIO House View monthly livestream for a conversation with Mark Haefele, GWM Chief Investment Officer, and David Lefkowitz, Head of US Equities, CIO Americas, hosted by Anthony Pastore, Head of Broadcast Communications, CIO Americas. Global equity markets have surged on the momentum of artificial intelligence, but investors now face a pivotal question: can AI drive economies to “escape velocity” and unlock a new era of growth, or will challenges like rising debt and persistent inflation slow progress? Our discussion will help you interpret the signals, seize opportunities, and build resilient portfolios for long-term success. For more insights, read CIO’s Year Ahead 2026 outlook.

December 04, 2025

A leading global wealth manager

Donor-advised funds

Year-end charitable giving

As we approach the end of the year, you may be thinking about the charitable contributions you’d like to make. Learn how a donor-advised fund (DAF), can support your favorite charities in a flexible, tax-efficient and cost-effective manner.

For personalized service and more information on how a DAF can fit into your charitable giving plans, contact our team today.

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Backed by the strength of our parent company, UBS AG

^$6.9 trn

UBS Group invested assets
As of 10/29/2025

51 countries

Our global footprint

Global leader

UBS is a leading and truly global wealth manager

Lasting relationships. For all that matters

Pursuing your goals together

Scott Musgjerd

Stephen Weber

Michael Theilmann

David Spehar

Janice Hatlestad