About Us

About Us

Management Team

W. Timothy Toole

President and Chief Executive Officer

Tim Toole serves as president and chief executive officer and is responsible for setting the strategic direction for NorthStar Securities, LLC (NorthStar), the distributor of Colony NorthStar, Inc.’s retail investment products, as well as the day-to-day management of the broker-dealer. He brings to this position more than 25 years of successful leadership at both public and private real estate organizations and investment companies. Mr. Toole has successfully structured and managed sales, marketing and account development teams and worked in the distribution of a diverse number of investment products, including non-traded REITs, variable annuities, structured products, and unit investment trusts. As a result, he has a depth of product knowledge and a unique understanding of the most effective ways to work with Broker-Dealers and Financial Advisors to achieve results in the financial services industry. In his career, he has overseen or personally raised over $25 billion in assets.

Prior to joining NorthStar in September 2009, Mr. Toole was with RiverSource Investments, the investment management arm of Ameriprise, where he managed a distribution team responsible for $3.3 billion in annual sales throughout the United States. Previously, Mr. Toole served as director of Hines Real Estate Securities, a global real estate investment firm, as well as director of business development and distribution with fixed income securities, director of alternative investments and strategic planning with Deutsche Bank/Scudder investments and senior vice president for the insurance products division of Kemper/Scudder Investments. Mr. Toole is a former National Association for Variable Annuities (NAVA) presenter and a member of the Financial Planning Association, the Investment Program Association and the Institutional Management Network.

W. Timothy Toole

W. Timothy Toole President and Chief Executive Officer

Tim Toole serves as president and chief executive officer and is responsible for setting the strategic direction for NorthStar Securities, LLC (NorthStar), the distributor of Colony NorthStar, Inc.’s retail investment products, as well as the day-to-day management of the broker-dealer. He brings to this position more than 25 years of successful leadership at both public and private real estate organizations and investment companies. Mr. Toole has successfully structured and managed sales, marketing and account development teams and worked in the distribution of a diverse number of investment products, including non-traded REITs, variable annuities, structured products, and unit investment trusts. As a result, he has a depth of product knowledge and a unique understanding of the most effective ways to work with Broker-Dealers and Financial Advisors to achieve results in the financial services industry. In his career, he has overseen or personally raised over $25 billion in assets.

Prior to joining NorthStar in September 2009, Mr. Toole was with RiverSource Investments, the investment management arm of Ameriprise, where he managed a distribution team responsible for $3.3 billion in annual sales throughout the United States. Previously, Mr. Toole served as director of Hines Real Estate Securities, a global real estate investment firm, as well as director of business development and distribution with fixed income securities, director of alternative investments and strategic planning with Deutsche Bank/Scudder investments and senior vice president for the insurance products division of Kemper/Scudder Investments. Mr. Toole is a former National Association for Variable Annuities (NAVA) presenter and a member of the Financial Planning Association, the Investment Program Association and the Institutional Management Network.

Education and Licenses

Bachelor of Arts from Lawrence University

Series 7, 24, 63 and 66 securities licenses

Drew Dornbusch

Chief Operating Officer

Mr. Dornbusch serves as Chief Operating Officer at NorthStar Securities, LLC and primarily focuses on product development, product management and regulatory affairs. Mr. Dornbusch previously held the position of Director, Product Development and Product Management at Colony NorthStar, Inc. since January 2017 and joined the predecessor NorthStar business in 2014 to manage product development.

Since entering the alternative investment industry, Mr. Dornbusch has served in various capacities for a number of sponsors. Prior to his work with financial products, Mr. Dornbusch practiced law at the Minneapolis office of Dorsey & Whitney LLP.

Drew Dornbusch

Drew Dornbusch Chief Operating Officer

Mr. Dornbusch serves as Chief Operating Officer at NorthStar Securities, LLC and primarily focuses on product development, product management and regulatory affairs. Mr. Dornbusch previously held the position of Director, Product Development and Product Management at Colony NorthStar, Inc. since January 2017 and joined the predecessor NorthStar business in 2014 to manage product development.

Since entering the alternative investment industry, Mr. Dornbusch has served in various capacities for a number of sponsors. Prior to his work with financial products, Mr. Dornbusch practiced law at the Minneapolis office of Dorsey & Whitney LLP.

Education and Licenses

Bachelor of Arts, University of Minnesota
Juris Doctorate, Cornell Law School

Series 7, 24 and 63 securities licenses

Kristen Whealon

Senior Vice President, Chief Compliance Officer

Kristen Whealon serves as senior vice president, chief compliance officer for NorthStar Securities, LLC (NorthStar), a position she has held since December 2011. She also serves as global chief compliance officer for Colony NorthStar, Inc., a position she has held since January 2017 having previously served as global chief compliance officer for NorthStar Asset Management Group Inc., the predecessor to Colony NorthStar, since April 2014.

Ms. Whealon’s responsibilities include regulatory and compliance oversight for the broker-dealer and registered investment adviser, maintaining written supervisory procedures, managing the internal audit process, maintaining the firm’s books and records, handling regulatory examinations and investigations and reviewing and approving advertising and sales literature.

Prior to joining NorthStar, Ms. Whealon was an assistant compliance officer at Geneos Wealth Management, Inc. from August 2002 to November 2011 where she provided compliance support to more than 250 registered representatives. Ms. Whealon began her career at American Express Financial Advisors, Inc.

Kristen Whealon

Kristen Whealon Senior Vice President, Chief Compliance Officer

Kristen Whealon serves as senior vice president, chief compliance officer for NorthStar Securities, LLC (NorthStar), a position she has held since December 2011. She also serves as global chief compliance officer for Colony NorthStar, Inc., a position she has held since January 2017 having previously served as global chief compliance officer for NorthStar Asset Management Group Inc., the predecessor to Colony NorthStar, since April 2014.

Ms. Whealon’s responsibilities include regulatory and compliance oversight for the broker-dealer and registered investment adviser, maintaining written supervisory procedures, managing the internal audit process, maintaining the firm’s books and records, handling regulatory examinations and investigations and reviewing and approving advertising and sales literature.

Prior to joining NorthStar, Ms. Whealon was an assistant compliance officer at Geneos Wealth Management, Inc. from August 2002 to November 2011 where she provided compliance support to more than 250 registered representatives. Ms. Whealon began her career at American Express Financial Advisors, Inc.

Education and Licenses

Bachelor of Arts from Colorado State University

Series 7, 24 and 63 securities licenses

David Swift

Senior Vice President,
Director of Operations

David Swift serves as senior vice president, director of operations. Prior to joining Colony NorthStar, Inc., Mr. Swift was the senior vice president of operations & technology at Welton Street Securities. In that role he was responsible for establishing the infrastructure and operations required for processing the Life Income Funds of America.

Mr. Swift also worked with NorthStar Realty Finance Corp., the predecessor to Colony NorthStar, to establish and run the operations of the NorthStar Income Opportunity REIT I Reg D offering. Prior to Welton Street Securities, Mr. Swift was the senior vice president & general manager of Broadridge’s Securities Industry Software (SIS) in Wheat Ridge, CO. In that role he ran a business that provided real-time, integrated securities processing for all types of brokerage businesses, including retail and discount firms, day trading firms, investment advisors, correspondent clearing agencies, institutional traders, and regional broker/dealers. Mr. Swift developed, operated, and supported over 200 financial industry applications in a service bureau environment that included investor websites, broker workstations, order management, back office clearance & settlement, statements, confirms, and government reporting. Additionally, Mr. Swift led the sales, account management and strategic planning functions of the business that resulted in annual double digit increases in new business and the successful acquisition and integration of three businesses. SIS was previously a subsidiary of ADP and was spun off as its own business in 2007. Some notable clients of SIS include Merrill Lynch, BNP Paribas, Cetera Investment Services and D.A. Davidson.

David Swift

David Swift Senior Vice President, Director of Operations

David Swift serves as senior vice president, director of operations. Prior to joining Colony NorthStar, Inc., Mr. Swift was the senior vice president of operations & technology at Welton Street Securities. In that role he was responsible for establishing the infrastructure and operations required for processing the Life Income Funds of America.

Mr. Swift also worked with NorthStar Realty Finance Corp., the predecessor to Colony NorthStar, to establish and run the operations of the NorthStar Income Opportunity REIT I Reg D offering. Prior to Welton Street Securities, Mr. Swift was the senior vice president & general manager of Broadridge’s Securities Industry Software (SIS) in Wheat Ridge, CO. In that role he ran a business that provided real-time, integrated securities processing for all types of brokerage businesses, including retail and discount firms, day trading firms, investment advisors, correspondent clearing agencies, institutional traders, and regional broker/dealers. Mr. Swift developed, operated, and supported over 200 financial industry applications in a service bureau environment that included investor websites, broker workstations, order management, back office clearance & settlement, statements, confirms, and government reporting. Additionally, Mr. Swift led the sales, account management and strategic planning functions of the business that resulted in annual double digit increases in new business and the successful acquisition and integration of three businesses. SIS was previously a subsidiary of ADP and was spun off as its own business in 2007. Some notable clients of SIS include Merrill Lynch, BNP Paribas, Cetera Investment Services and D.A. Davidson.

Education and Licenses

Bachelor of Science from Rensselaer Polytechnic Institute

Series 7 securities licenses

Rebecca Cleary

Vice President,
Corporate Communications and Marketing

Rebecca Cleary serves as vice president, corporate communications and marketing and is responsible for overseeing and executing all strategic marketing and communications initiatives for Colony NorthStar, Inc. (Colony NorthStar) including sales-support initiatives, collateral development, brand management and directing the day-to-day activities of the marketing department.

Prior to joining Colony NorthStar, Ms. Cleary served as vice president, marketing & communications with Steadfast Companies and was accountable for the development, integration and implementation of a broad range of marketing and communications activities. From 2005 – 2010, Ms. Cleary was the director of marketing at Grubb & Ellis Company (formerly Triple Net Properties, LLC) where she was responsible for spearheading all corporate marketing initiatives and played a key role in Grubb & Ellis’ investment management platform and launching two public, non-traded REIT offerings.

Rebecca Cleary

Rebecca Cleary Vice President, Corporate Communications and Marketing

Rebecca Cleary serves as vice president, corporate communications and marketing and is responsible for overseeing and executing all strategic marketing and communications initiatives for Colony NorthStar, Inc. (Colony NorthStar) including sales-support initiatives, collateral development, brand management and directing the day-to-day activities of the marketing department.

Prior to joining Colony NorthStar, Ms. Cleary served as vice president, marketing & communications with Steadfast Companies and was accountable for the development, integration and implementation of a broad range of marketing and communications activities. From 2005 – 2010, Ms. Cleary was the director of marketing at Grubb & Ellis Company (formerly Triple Net Properties, LLC) where she was responsible for spearheading all corporate marketing initiatives and played a key role in Grubb & Ellis’ investment management platform and launching two public, non-traded REIT offerings.

Education and Licenses

Bachelor of Science in Business Administration and Marketing from California State University, Northridge

Series 7 and 63 securities licenses

Katie Zaruba

Vice President, Due Diligence

Katie Zaruba serves as Vice President, Due Diligence at NorthStar Securities, LLC (NorthStar) where she is responsible for managing and reviewing all due diligence requests, maintaining due diligence files and third party due diligence relationship management. Ms. Zaruba responds to initial and ongoing requests from third party due diligence firms, broker-dealers and registered investment advisors for NorthStar’s retail product offerings. Ms. Zaruba also performs sponsor, product and portfolio updates and analysis.

Ms. Zaruba joined in 2011 and was involved in other facets of NorthStar’s business prior to her current position, including compliance and operations.

Katie Zaruba

Katie Zaruba Vice President, Due Diligence

Katie Zaruba serves as Vice President, Due Diligence at NorthStar Securities, LLC (NorthStar) where she is responsible for managing and reviewing all due diligence requests, maintaining due diligence files and third party due diligence relationship management. Ms. Zaruba responds to initial and ongoing requests from third party due diligence firms, broker-dealers and registered investment advisors for NorthStar’s retail product offerings. Ms. Zaruba also performs sponsor, product and portfolio updates and analysis.

Ms. Zaruba joined in 2011 and was involved in other facets of NorthStar’s business prior to her current position, including compliance and operations.

Education and Licenses

Bachelor of Science, Business Administration and Marketing, Colorado State University

Series 7 and 63 securities licenses

This website is neither an offer to sell nor a solicitation of an offer to purchase any NorthStar investment Program, NorthStar Investment Programs are only offered by means of a prospectus. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful. Consult the prospectus for suitability standards in your state. Securities offered through NorthStar Securities, LLC, member FINRA/SIPC. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.

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