Meet The Tallsalt Team

SG Website 2021-06-29 E Steve Gundersen

Mr. Gundersen is a financial and investment adviser to companies, non-profit organizations and Native American tribes. His 28 years of business experience includes mergers and acquisitions, investment management and corporate finance across a wide range of industries, including energy (solar, wind, and coal power generation; oil & gas; coal mining), advertising & marketing, consumer products, real estate, healthcare, retail, manufacturing, entertainment, interactive media, insurance, financial services, business services and computer software, among others. Mr. Gundersen presently works with several Native American nations on energy policy development, mineral extraction (coal & aggregate mining), and oil and gas projects (production, oil field infrastructure, pipelines & refining), government contracting, investment management (endowment & scholarship funds) as well as retail development projects.

During his career he has worked as an analyst, investment banker and in-house financial advisor for corporate financings, acquisitions, joint ventures and investments. He has worked on over 100 transactions with an aggregate value exceeding $1.5 billion in the United States, Europe and Asia.

He received his bachelor’s degree in business administration from the University of Washington in Seattle and his MBA from the Marshall School of Business at the University of Southern California. Mr. Gundersen, who is a member of the Navajo Nation, also served eight years in the United States Marine Corps Reserve.

  • Navajo Transitional Energy Company, LLC (NTEC), former Chairman.
  • Native American Connections, Inc. (NAC), Board Member.
  • American Indian Chamber of Commerce of Arizona (AICCAz), former Board Member.
  • Testified before the Commission on Trust Administration and Reform (Cobell v. Salazar)
DB Website 2021-06-29 A

Delmar Blackhorse
Vice President, Investments

Mr. Blackhorse is a Registered Investment Advisor at Tallsalt Advisors. He is responsible for the construction and management of various investment portfolios that invest across all asset classes. He specializes in domestic equity and fixed income market research and data analysis. Mr. Blackhorse has over 5 years of experience in analyzing and monitoring oil and gas production, revenue, and tax data for tribal interests.

In his time with Tallsalt, Mr. Blackhorse has been involved with a bond purchase program that traded an aggregated amount of over $50 million dollars. This process included research, modeling, and implementation of assorted bond trading strategies. Mr. Blackhorse has a background in tribal policy and has worked with multiple tribal nations, businesses, and entities.

Mr. Blackhorse received his bachelor’s degree in economics from Arizona State University and his MBA from Ohio University. Delmar is an enrolled member of the Navajo Nation.

Series 65 Licensed, Arizona.