Novation Investment Services
Get expert advice on your long-term financial plan
Novation Investment Services is the dedicated in-house team from Cetera Advisor Networks LLC that specializes in comprehensive retirement and financial planning.
With decades of experience supporting employees and retirees of 3M (and now Solventum), the team possesses extensive knowledge on all aspects of retirement planning.
Beyond retirement, they also provide expertise across general financial planning areas such as estate planning, IRAs, education funding, insurance planning, and asset allocation.
Meet the Team
Novation Investment Services
Cole Backstrom, CFP®
Financial Advisor
Cole Backstrom, Certified Financial Planner®
Cole graduated from the University of St. Thomas in St. Paul, Minnesota and currently lives in Woodbury with his wife and three children.
Mark Peterson
Financial Advisor
Mark Peterson
Mark has been working with Novation members and non-members since February 1999, helping them pursue their goals. Mark entered the financial services industry in the late '80s as a Commodities Trader at the Minneapolis Grain Exchange. In his practice today, Mark focuses on providing the education and information clients need to make smart choices. He works closely with each person or family to develop a total financial plan for their specific purposes. The client is very much involved in defining their goals and needs.
Mark is a firm believer that financial assistance is of great importance to everyone, regardless of assets, income, or circumstance. He is dedicated to helping people expand their financial horizons and achieve greater financial success.
Receiving his degree in finance and economics from the University of Minnesota, Mark has also been a resident of Minnesota all his life. He is married and has two children.
Cheryl Ettlinger
Investment Services Assistant
Cheryl Ettlinger
Cheryl Ettlinger joined the Novation Investment Services team in February, 2017, as an Investment Services Assistant. Cheryl works with clients on appointment preparation, follow up, and other client initiatives. She is new to the financial industry but has worked many years in customer service and client service. Before joining Novation, she worked in client services for an online auction company.
Cheryl received her degree in Sociology from the University of Minnesota. She was born and raised in Milwaukee, Wisconsin but has lived in the Twin Cities for over 25 years. Cheryl and her husband, Kurt, have 3 children. When Cheryl is not at work she enjoys spending time with her family—watching the kids’ sporting events, traveling, running, and shopping.
Non-registered associate of Cetera Advisor Networks LLC, Member FINRA/SIPC.
Debbi Horsch
Investment Services Assistant
Email: dhorsch@novation.org
Debbi Horsch
Debbi Horsch joined the Novation Investment Services team in April 2024, as an Investment Services Assistant. Debbi works with clients on appointment preparation, follow-up, and other client initiatives. She has an extensive administrative background working at 3M for over 25 years.
Debbi received her degree in Executive Administration from Inver Hills Community College. She was born and raised in Hastings, MN and has remained there throughout her life. Debbi and her husband, Tony, have two children and one granddaughter. When Debbi is not at work, she enjoys spending time with her family and friends (especially her granddaughter), watching football (Go Vikings and Chiefs) and traveling.
Non-registered associate of Cetera Advisor Networks LLC, Member FINRA/SIPC.
Eric Fouquette
Client Services Associate
Eric Fouquette
Eric Fouquette joined Novation Investment Services in 2024 as a Client Services Associate. He will be assisting the advisors with meeting preparations, account maintenance, client services, and follow-ups.
Eric is pursuing a Finance degree at Bethel University located in St. Paul and is set to graduate in May 2025. He is a member of the Bethel football team. He has resided in MN his whole life and is currently engaged to his fiance, Anna.
Non-registered associate of Cetera Advisor Networks LLC, Member FINRA/SIPC.
Check the background of our financial professionals
on FINRA's BrokerCheck.
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Access and Manage Your Accounts
Novation Investment Services is located at 500 Imperial Avenue, Oakdale, MN 55128 and can be reached at (651) 739-8080. Cole and Mark offer securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker dealer and registered investment advisor. Investments are: • Not FDIC/NCUSIF Insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Cetera is under separate ownership from any other named entity.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
This site is published for residents of the United States only. Registered Representatives of Cetera Advisor Networks LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every representative listed. For additional information, please contact the representative(s) listed on the site, visit the Cetera Advisor NEtworks LLC site at ceteraadvisornetworks.com. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.