Investment Banking

Cherry Tree and Associates provides investment banking services through its FINRA-licensed broker dealer. Its M&A practice targets successful business leaders and established corporations to creatively build value, and to maximize liquidity opportunities by executing professionally managed transactions. Additionally, our firm raises money for growth companies through institutional private placements, conducts valuations and fairness opinions and performs strategic advisory services that help companies grow and prosper.

Wealth Management

Cherry Tree’s affiliate, Adam Smith Advisors (ASA), provides wealth management services to assist successful business leaders and families in managing their net worth. It also manages 401K retirement plans for growing companies. ASA uses Asset Allocation Strategies and low fee index funds, to implement an Individually Tailored Investment Plan for each client. Adam Smith is a Registered Investment Advisor.


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Securities Loan Trap

Securities Loan Trap
The financial services industry has a history of designing ways to tie up your money for years. Variable annuities are a classic example. Once you buy one, there are huge surrender fees for up to a decade. It doesn’t matter if the investment performance is horrible. You’re stuck.

Most people don’t realize that the […]

By |August 2nd, 2018|Wealth Management|

U.S. Multinational Companies are not International Stocks

U.S. Multinational Companies are not International Stocks
My brother and I had a debate the other day about whether or not he needed true international stocks in his portfolio. He read a book whose author suggested that holding U.S. multinational companies offered enough diversification and less risk. I am a big supporter of international stocks and […]

By |July 31st, 2018|Wealth Management|

Happy Anniversary Equifax Breach

Happy Anniversary Equifax Breach
Luke Bryan says, “I believe the days go slow and years go fast.” I think he’s right. Can you believe it’s already been a year since Equifax exposed millions of people’s personal information in a massive data breach (myself included)? That’s an important milestone because data like that doesn’t get used by […]

By |July 17th, 2018|Wealth Management|

Worried about Healthcare Costs in Retirement?

Worried about Healthcare Costs in Retirement?

My coworkers know that I just radically changed my diet over the past month. I went from being the guy in the office who would eat three pieces of birthday cake when it was sitting in the kitchen to a strict diet of food that’s actually good for you (meat, […]

By |July 10th, 2018|Wealth Management|

Stop Paying 2% for the Privilege of Investing

Stop Paying 2% for the Privilege of Investing
In the past week, I have seen two portfolio reviews for future clients where they were paying over 2% in fees. Before you stop and say, “That’s ridiculous. I would never pay that much,” make sure you know how much you are paying in fees. Both portfolios were […]

By |July 3rd, 2018|Wealth Management|

Trade War

Trade War
There is an awful lot of talk about trade wars these days. Let’s take a couple of minutes to review what a trade war is, what it isn’t, and how it might affect you.

My first lesson on trade came at the grade school lunch table. I didn’t like carrots, so I traded them to […]

By |June 26th, 2018|Wealth Management|

Penny Wise and Pound Foolish

Penny Wise and Pound Foolish

Sometimes people get so excited to have some extra money coming in that they forget to look at the big picture. Let me share a real life example I heard this week. There is a daughter of a client. We will call the daughter Meredith (name changed to protect the innocent). […]

By |June 19th, 2018|Wealth Management|

Spending Your Money in Retirement

Spending Your Money in Retirement
Retirement comes with a lot of adjustments. You need to find a new routine. You need to find something meaningful to do with your time. You also need to get comfortable withdrawing money from your portfolio.

I imagine that learning to spend from your 401k/IRA is a little like the first time […]

By |June 12th, 2018|Wealth Management|

Confirmation Bias

Confirmation Bias
A few years ago I took a Clifton StrengthsFinder course at my church. The program is really neat (and isn’t just for churches). The idea is to take a personality test to find out what your biggest strengths are. Then you focus on using your strengths to be the best person you can be.

Of […]

By |June 4th, 2018|Wealth Management|

Teaching Generation Z about Money

Teaching Generation Z about Money
One of the fun parts about my job is getting clients’ children off to a good financial start. A few times a year, I sit down with someone in their late teens or early twenties to teach them the basics. Since I can’t possibly do this for all my non-client friends’ […]

By |May 29th, 2018|Wealth Management|