Cherry Tree Wealth Management, LLC is a SEC-registered investment adviser with its
principal place of business located in Minnesota. Cherry Tree Wealth Management, LLC
began conducting business in 2009.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities
controlling 25% or more of this company).
• Adam Smith Companies, LLC, Member
In addition, the following information identifies persons that indirectly own 25% or more of our
firm:
• Anton (Tony) J Christianson, Chairman
Cherry Tree Wealth Management, LLC offers the following advisory services to our clients:
INDIVIDUAL PORTFOLIO MANAGEMENT
Our firm provides continuous asset management of client funds based on the individual needs
of the client. Through personal discussions in which goals and objectives based on the client's
particular circumstances are established, we develop the client's personal investment policy.
We create and manage a portfolio based on that policy. During our data-gathering process,
we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity
needs. As appropriate, we may also review and discuss a client’s prior investment history, as
well as family composition and background.
We manage these advisory accounts on a discretionary basis. Account supervision is guided
by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth
and income), as well as tax considerations.
Clients may impose reasonable restrictions on investing in certain securities, types of
securities, or industry sectors.
Once the client's portfolio has been established, we review the portfolio at least quarterly, and
if necessary, rebalance the portfolio based on the client's individual needs.
Our investment recommendations are not limited to any specific product or service offered by
a broker-dealer or insurance company and will generally include advice regarding the
following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Corporate debt securities (other than commercial paper)
• Certificates of deposit
• Municipal securities
• Variable annuities
• Mutual fund shares
• Exchange traded funds
• United States governmental securities
• Interests in partnerships
Because some types of investments involve certain additional degrees of risk, they will only
be implemented/recommended when consistent with the client's stated investment objectives,
tolerance for risk, liquidity and suitability.
EMPLOYEE BENEFIT RETIREMENT PLAN CONSULTING SERVICES
We also provide full investment advisory services for plans. While the primary clients for these
services will be pension, profit sharing and 401(k)/403(b) plans, we offer these services,
where appropriate, to individuals and trusts, estates and charitable organizations. These
services are comprised of four distinct services. Clients may choose to use any or all of these
services.
Investment Policy Statement Preparation (hereinafter referred to as ''IPS''):
We will meet with the client (in person or over the telephone) to determine an appropriate
investment strategy that reflects the plan sponsor's stated investment objectives for
management of the overall plan. Our firm then prepares a written IPS detailing those needs
and goals, including an encompassing policy under which these goals are to be achieved.
The IPS also lists the criteria for selection of investment vehicles as well as the procedures
and timing interval for monitoring of investment performance.
Selection of Investment Vehicles:
We assist plan sponsors in constructing appropriate asset allocation models. We will then
review various mutual funds (both index and managed) to determine which investments are
appropriate to implement the client's IPS. The number of investments to be recommended will
be determined by the client, based on the IPS.
Monitoring of Investment Performance:
We monitor client investments continually, based on the procedures and timing intervals
delineated in the Investment Policy Statement. Although our firm is not involved in any way in
the purchase or sale of these investments, we supervise the client's portfolio and will make
recommendations to the client as market factors and the client's needs dictate.
Employee Communications:
For pension, profit sharing and 401(k)/403(b) plan clients with individual plan participants
exercising control over assets in their own account (''self-directed plans''), we may also
provide educational support and investment workshops designed for the plan participants.
The nature of the topics to be covered will be determined by us and the client under the
guidelines established in ERISA Section 404(c). The educational support and investment
workshops will NOT provide plan participants with individualized, tailored investment advice
or individualized, tailored asset allocation recommendations.
FINANCIAL PLANNING
We provide financial planning services. Financial planning is a comprehensive evaluation of a
client’s current and future financial state by using currently known variables to predict future
cash flows, asset values and withdrawal plans. Through the financial planning process, all
questions, information and analysis are considered as they impact and are impacted by the
entire financial and life situation of the client. Clients purchasing this service receive a written
report which provides the client with a detailed financial plan designed to assist the client
achieve his or her financial goals and objectives.
In general, the financial plan can address any or all of the following areas:
• PERSONAL: We review family records, budgeting, personal liability, estate information and
financial goals.
• TAX & CASH FLOW: We analyze the client’s income tax and spending and planning for
past, current and future years; then illustrate the impact of various investments on the
client's current income tax and future tax liability.
• INVESTMENTS: We analyze investment alternatives and their effect on the client's portfolio.
• INSURANCE: We review existing policies to ensure proper coverage for life, health,
disability, long-term care, liability, home and automobile.
• RETIREMENT: We analyze current strategies and investment plans to help the client
achieve his or her retirement goals.
• DEATH & DISABILITY: We review the client’s cash needs at death, income needs of
surviving dependents, estate planning and disability income.
• ESTATE: We assist the client in assessing and developing long-term strategies, including
as appropriate, living trusts, wills, review estate tax, powers of attorney, asset protection
plans, nursing homes, Medicaid and elder law.
We gather required information through in-depth personal interviews. Information gathered
includes the client's current financial status, tax status, future goals, returns objectives and
attitudes towards risk. We carefully review documents supplied by the client, including a risk
tolerance questionnaire completed by the client, and prepare a written report. Should the
client choose to implement the recommendations contained in the plan, we suggest the client
work closely with his/her attorney, accountant, insurance agent, and/or stockbroker.
Implementation of financial plan recommendations is entirely at the client's discretion.
We also provide general non-securities advice on topics that may include tax and budgetary
planning, estate planning, income planning, retirement planning and business planning.
Typically the financial plan is presented to the client within one to two weeks of the contract
date, provided that all information needed to prepare the financial plan has been promptly
provided.
Financial Planning recommendations are not limited to any specific product or service offered
by a broker-dealer or insurance company. All recommendations are of a generic nature.
AMOUNT OF MANAGED ASSETS
As of 12/31/2023, we were actively managing $527,580,180 of clients' assets on a
discretionary basis and $23,085,174 on a non-discretionary basis for a total of $550,665,354.