Wolter graduated from the Herron School of Art and later taught there.
In 1922 he immigrated to the United States and moved to Minneapolis, Minnesota. In 1933 Wolter arrived in Indianapolis, Indiana, to carve the reliefs (created by Leon Hermant) on the Indiana State Library. He stayed in Indiana for the remainder of his life.
He also taught at the Indiana College of Mortuary Science as a professor of "restorative art, " "apparently using his understanding of anatomy to help morticians repair the faces of those who had been in accidents." The use of sculptors to aid in the facial reconstruction of war veterans had already been pioneered by sculptor and medical doctor R. Tait McKenzie, author of Reclaiming the Maimed.
Wolter is remembered for creating both public monuments and architectural sculpture. Wolter was married to the late Evelyn Crostreet of Indianapolis.
Step-grandchildren include Brian Grossman, who resides in Washington District of Columbia, Anne (Grossman) Tillie and Keith Grossman, who reside in Indiana, and Elizabeth Wolter, who resides in Connecticut.