About
Tom Welch was a Principal at Palisade Asset Management in Minneapolis, MN, where he contributed leadership and deep expertise to the firm from 2009 through 2024. At Palisade, he focused on guiding portfolio strategy and risk management within traditional equity and fixed income asset classes, supporting institutional and private clients in their investment objectives.
Prior to joining Palisade, Tom held significant governance roles including Trustee and Director at Northcott Hospitality, LLC, and served as Director and Committee Chair for Entrx Corp., where he provided oversight of audit and compensation functions. His extensive leadership experience also spanned roles at US Trust and Entrprize Corp., indicating robust knowledge in corporate finance, hospitality, and strategic asset allocation.
Tom earned both a JD and BS in law and accounting from The University of North Dakota School of Law, equipping him with rigorous analytical capabilities and a strong foundation in compliance and fiduciary oversight. Throughout his career, he was recognized not only for his technical rigor but also as a mentor who shaped Palisade’s success and culture over more than a decade.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| PALISADE ASSET MANAGEMENT | PRINCIPAL | Jan 2009 to Present | — |
| NORTHCOTT HOSPITALITY,LLC | TRUSTEE and DIRECTOR | Jan 2005 to Present | — |
| ENTRX CORP. | DIRECTOR; CHAIR AUDIT and COMP. COMMITTEE | Jan 2006 to Dec 2015 | — |
| BNC National Bank | PRESIDENT--MN REGION | Jan 2005 to Jan 2009 | leader in the banking services for MN; leader of wealth management services for MN, ND, AZ regions |
| RESOURCE TRUST COMPANY | PRESIDENT and MANAGING DIRECTOR | Apr 1984 to Apr 2005 | — |
Education
The University of North Dakota School of Law
JD and BS, law and accounting
1956 — 1962
leith high school
1953 — 1956
Skills & Expertise
Others at Palisade Asset Management, LLC (3)
| Name | Role | Location |
|---|---|---|
P Paul Kronlokken | Principal and Portfolio Manager | Minneapolis, MN , United States |
S Shawn Eells | Portfolio Manager | Excelsior, MN , United States |
| Principal and Portfolio Manager | Minneapolis, MN , United States |
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