Richard John 'Dick' Magnuson

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Magnuson, Richard John "Dick" aged 91, of Edina, MN, peacefully left this Earth in the early morning hours of Saturday, May 28 having lived a long and rich life full of family, friends, wonderful experiences, and cherished memories. Born in 1930 in St. Paul, MN, Dick grew up in Ashland, WI, where he attended Ashland High School, graduating in 1949. He remained close with his high school classmates throughout his life, enjoying each of his reunions and championing a Class of '49 scholarship fund to support students from Ashland High School to attend Northland College. Dick graduated from the University of Wisconsin- Madison, receiving his Bachelor of Science in Economics. He helped fund his education working on a Great Lakes ore boat during one summer. Following military service as an officer in the U.S. Army, he obtained an M.B.A from the University of Chicago School of Business, and became a certified Chartered Financial Analyst with the Institute of Chartered Financial Analysts (now CFA Institute) in 1966. He had the honor of serving as President of the Minnesota chapter of this institution, the Twin Cities Society of Security Analysts (now CFA Society Minnesota) in 1985. Dick had a long and rewarding career as an analyst and investment advisor with the Northern Trust, A.G. Becker and Investors Diversified Services (IDS). In 1986, he was one of the founding principals of Norwest Capital Advisors (later Lowry Hill), serving his clients until his retirement in 1997. Dick traveled extensively with his beloved wife of 61 years, Diane, including trips to Mexico, Europe, Africa, and China. In later life he enjoyed spending winters in Florida, playing golf and visiting with many cherished friends. One of Dick's favorite pastimes was sailing, which he did frequently on family vacations in Brainerd, MN and later at the family lake home in Walker, MN. To his grandchildren, Dick was known as "Bumps" and he loved attending their many soccer games, orchestra and band concerts, and theater performances. No one's pancakes tasted better. Dick is preceded in death by his parents, Richard Sr. and Esther, and brother, Kenneth. He is survived by his wife, Diane, son Peter (Suzanne) of Edina, daughter Kristin (Felipe Santos) of New York, NY, and son Jeffrey (Jennifer) of Mancos, CO; grandchildren Madeleine, Olivia and Erik; extended family and lifelong friends. Dick also cherished the family's international members hosted through AFS Intercultural Programs, Carlos Oliveira of Portugal, Annakaija Lappalainen of Finland, and Weiming Huang of China. In lieu of flowers, donations may be made to Allina Health Hospice Fund - Music Therapy Program (Allina Health Foundation, 2925 Chicago Ave., Mail Route 10721, Minneapolis, MN 55407 or donate.allina.com/…); Walker Methodist Foundation Care Suites Edina, 3737 Bryant Ave. South, Minneapolis, MN 55409 or walkermethodist.org/foundation/…), or Christ Presbyterian Church, 6901 Normandale Road, Edina, MN 55435. A Celebration of Life will be held on July 25th at 1:00 PM at Christ Presbyterian Church, Edina. Washburn-McReavy.com Edina Chapel 952-920-3996

Published on June 5, 2022