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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Private Equity vs. Public Stocks

Private Equity vs. Public Stocks
Did you follow the WeWork drama this fall? The company, a darling for private equity investors, fell flat on its face when it tried to list its stock on the public markets. The path to profitability was questionable, but also there were a number of eyebrow-raising self-dealing transactions involving the founder […]

By |October 15th, 2019|Wealth Management|

FOMO – Okay for dogs, disastrous for investors

FOMO – Okay for dogs, disastrous for investors
Charnelle and I joke that our dog Nala has a bad case of FOMO – Fear Of Missing Out. She always wants to be in the middle of the action. If we are so cruel as to leave her downstairs when we have company, she lets us hear […]

By |October 8th, 2019|Wealth Management|

Advice before you pass away

Advice before you pass away
The worst part of my job as an advisor is hearing that a client passed away. It’s hard to lose a friend. Then there’s the uncertainty for the family left behind. Most people deal with the death of a loved one infrequently, which means they aren’t familiar with everything that needs […]

By |October 1st, 2019|Wealth Management|

Negative Interest Rates

Negative Interest Rates
Would you loan money to someone at negative interest rates? I’m sure your first answer is, “No!” Or perhaps your answer is a question, “What is a negative interest rate?” Let me explain.

There is somewhere between $15 trillion and $17 trillion of bonds globally that bear a negative interest rate today. A ten […]

By |September 24th, 2019|Wealth Management|

Predictions

PredictionsWhen I go to a sporting event with a friend, I like to make a bold prediction. I might predict that a batter will hit a home run in an important spot or that a goalie will save a penalty kick. I figure it will be quite a while before I attend a game with […]

By |September 10th, 2019|Wealth Management|

Back into the Routine

Back into the Routine
It’s the day after Labor Day. For Minnesotans that means the kids are headed back to school. After a carefree summer, kids are returning to the familiar routine of school, extracurricular activities, and sleep (possibly with a little free time built in).

Familiar dates like this are a nice reminder that we adults […]

By |September 3rd, 2019|Wealth Management|

Dividend Stocks – Good, not Magical

Dividend Stocks – Good, not Magical
People concerned about an overpriced stock market often ask me whether they should add dividend stocks to increase their returns. When I press further, the logic goes something like this: if the stock market is flat (no growth), at least I get the 3% dividend yield to live on.

Let me […]

By |August 27th, 2019|Wealth Management|

Challenging Your Thinking

Challenging Your ThinkingLast week I received an email from a client titled “Change of plans.” They were reversing course on a major decision; one we had talked about many times. The email made it sound like they had put some serious further thought into this and were confident in their decision. Guess what I did? […]

By |August 13th, 2019|Wealth Management|

Advanced Level Worrying

Advanced Level Worrying
Charnelle and I coined a phrase that we use to kindly remind each other when we’re worrying too far ahead. We call it “advanced level worrying.” Let me give you an example. Adoption costs a lot of money – tens of thousands of dollars. As we were waiting for years through our first […]

By |August 6th, 2019|Wealth Management|

Claim your $125 from Equifax

Claim your $125 from Equifax
Equifax settled with the Federal Trade Commissions (FTC) over its massive data breach two years ago. If you were involved in the breach, it’s quite easy to make a claim. You are entitled to either free monitoring at the three credit bureaus, or $125. You must have credit monitoring and maintain […]

By |July 30th, 2019|Wealth Management|