Broker Check


Our Firm

Our Firm

TWM has been an established investment firm in the North Bay for several decades. We specialize in tax deferred real estate exchange solutions and alternative investments that are historically less correlated to the volatility and uncertainty of Financial Markets. Much of what sets TWM apart from competitors is our approach to our clients and their portfolios. We prefer to have an integrated view to the investment and wealth preservation process, In addition, we educate rather than sell. While our tax saving solutions often involve investment products, our services are focused on reducing taxes, mitigating investment risk and, potentially, improving after-tax returns. 

Meet Our Team

Dieter Thurow


Dieter Thurow is the Founder and Principal of Thurow Wealth Management, Inc., in Healdsburg, CA. As one of the North Bay’s premier #1031 Real Estate & Vineyard Exchange experts, his firm helps clients defer or save substantial taxes. His experience encompasses the Strategic Reinvestment of Exchange Proceeds, 1031 Exchanges, DSTs, REITs, Direct Private Placements, and Alternative Investments, among others.

Prior to founding TWM, Dieter managed the private holdings for several ultra-wealthy families. In that capacity, he was the CFO of Canada's largest owner of apartment properties and, a few years later, the Executive VP of one of the largest owners of office space in Manhattan. His extensive real estate experience enables his firm to navigate the essential Due Diligence process for all the investment solutions offered for the benefit of his clients.

Professional Profile

  • Bachelor of Science, Economics & Accounting, UCLA-with Honors.
  • Master of Science in Management, Sloan Fellow, M.I.T.


  • Independent Financial Advisor & Portfolio Manager since 1987.
  • COO, Financial Planners Equity Corp., broker-dealer, Novato CA.
  • Executive VP, Personal Holding Company, Manhattan’s second largest Owner of Office Space, NYC.
  • Real Estate Investment Broker, Coldwell Banker, Newport Beach, CA.
  • CFO, Personal Holding Company, Canada’s largest owner of Apartments, Toronto.
  • CFO, German subsidiary of Levi Strauss & Co, Frankfurt, Germany.
  • CPA, Auditor & Tax Consultant, Haskins & Sells, Los Angeles & San Francisco.

Licenses and Professional Designations:

  • Investment Advisory Representative-Securities Licenses Series 7, 24, 27, 63.
  • Personal Financial Specialist (American Institute of CPA’s).
  • Life, Health, and Variable Annuity Agent (CA Insurance License #0740676).
  • Certified Public Accountant -(CA CPA License #14116-inactive).
  • Real Estate Broker (CA Real Estate License #00707084).

Michael Culwell

Supervising Principal
Mike is a Supervising Principal specializing in the Alternative Investment space. His experience encompasses direct real estate, 1031 exchange, DSTs, TICs, real estate funds, energy funds, life settlements, estate planning, hedge funds, direct private placements, private debt and private equity, among others. Mike is part of the Due Diligence team at Emerson Equity, and he also supervises over 15 Registered Representatives.  In addition to his Supervisory duties, he runs a strong investment practice. Mike’s real estate experience also includes starting a real estate development company where he developed projects valued over $50 million. Mike attended Colorado State University on a football scholarship where he played wide receiver for the Rams. After an injury, Mike came home and attended California State University, Fullerton where he received his B.A. in Advertising. Mike holds his FINRA series 22, 24, 63 and 82 securities licenses and carries his life and health insurance license. He currently lives in San Clemente with his wife Kendall while his 3 children are off to college.

Ursula Thurow


Ursula Thurow has served as Vice President, Industrial & Commercial Leasing & Sales for a large Southern California real estate and development firm. She has also been actively engaged as an independent Real Estate Broker since 1982 (CA License #00703254). As a Broker, she is very familiar with all sides of sales and exchange transactions involving commercial, industrial, residential, investment real estate and vineyard properties. 

Her unique background and experience have also enabled her to be the Remodeling and Construction supervisor for dozens of custom properties over the past 30 years. 

Ursula's keen understanding of the interaction of location, cap rates, market factors, construction quality, lease characteristics, etc. provides her with a heightened sense of objectivity and expertise. It also gives her a unique perspective on the current and future valuation of real estate assets anywhere in the country to ensure that their long-term potential is consistent with a client's life goals.

As Founder and past owner of Thurow Vineyards, LLC, a boutique vineyard and winery in Dry Creek Valley, Healdsburg, CA she has an intimate understanding of not only business operations but also the many challenges of vineyard and agricultural property ownership. 

She also served as a past member of the Board of Trustees, Santa Rosa Junior College, from which she holds a degree in Viticulture. 

Please contact Ursula Thurow for any real estate questions before making potentially life-changing decisions. Call Ursula at 707-331-0828 or email:

“Our Financial Life is a Journey, not a Destination. Let a Trusted Advisor guide you!”

Strategic Partners

About Us

We’re a leading boutique investment firm with clients ranging from high net worth individuals and institutional investors, to sponsor companies that bring private placement offerings to market. We’re a trusted partner, dedicated to remaining nimble and flexible in order to fully focus on the needs of our clients.

At Emerson Equity LLC, we understand that nothing takes the place of a firm’s ability to deliver tangible results. That’s why each of our clients works directly with an investment professional who draws on the firm’s broad resources to tailor a specific products and services to fit their needs.

As a full-service brokerage firm launched in 2003, Emerson Equity was founded with the vision of providing complete financial planning and highly personalized investment management services and inception-to-closing managing broker dealer services. Today, Emerson Equity continues to enjoy strong growth, with more than 150 investment professionals in locations across the country. We are a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Emerson Equity is also a registered Investment Advisor.

Emerson Equity’s Client Relationship Summary (Form CRS) provides an overview of the types of services that we offer, providing you with high-level information about fees, costs and conflicts of interest and how to obtain additional information about the firm.


Emerson Equity believes that alternative investments are an important part of a sophisticated investor’s portfolio. Utilized properly, alternative investments can provide diversification and may help decrease overall investment risk. Emerson Equity’s robust alternative investment platform allows high net worth and institutional investors to take advantage of industry-leading opportunities in such non- traditional strategies. Emerson Equity’s offerings include financial instruments such as REITS, hedge funds/private equity, TICs/DSTs, oil and gas, equipment leasing, and other private placement securities. Note that 1031 Exchanges and other Alternative Investments are only offered through our role as broker-dealer registered representatives of Emerson Equity LLC.  We do not offer these securities through advisory accounts. 


At Emerson Equity, we have built valuable, long-standing strategic relationships with many of the industry’s most successful and innovative firms. They range from large Wall Street banks to clearing firms such as Pershing LLC, to innovators in the areas of private placements and alternative investments. In our work with these firms, we are dedicated to remaining nimble and flexible – all with the goal of delivering a broad range of carefully-vetted offerings to our clients.


IPX1031 is a full-service Qualified Intermediary with highly specialized 1031 Exchange divisions. As the leader in 1031 Exchange companies, IPX1031 can handle any type of tax deferred 1031 Exchange transaction nationwide.

Why Choose IPX1031?

  • $100 MILLION Fidelity Bond Coverage.
  • $50 MILLION Written Performance Guaranty.
  • $30 MILLION Professional Liability Insurance.
  • UNPARALLELED Financial Strength.
  • Regional attorneys and experienced exchange sales and processing team.
  • Complimentary exchange consultations.
  • Timely document preparation.
  • Segregated bank accounts.
  • Secure accounting procedures.
  • Accredited exchange workshops and seminars.
  • Informative, educational resources.
  • Subsidiary of Fidelity National Financial (NYSE: FNF).