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.


• Sign up here to be emailed when a new article is posted.


Use your HSA to Save for Retirement

Use your HSA to Save for Retirement
Do you have a high deductible health insurance plan? If so, I have a retirement savings tool that can be even better than your 401k. You might already have one and just not realize how great it is. That was the case for me until Conner Kolodge, an investment […]

By |December 5th, 2017|Wealth Management|

Watch out for Capital Gains Distributions

Watch out for Capital Gains Distributions
Early in my career I worked in the mutual fund accounting department at Ameriprise Financial. Believe it or not, there are a lot of calculations that go into running a mutual fund. It was still pretty easy. Computers do most of the work.  I was there to make sure the […]

By |November 21st, 2017|Wealth Management|

The Value of a Good Referral

The Value of a Good Referral
I like to collect things. It started with baseball cards and coins as a kid. My collections as an adult are more abstract – trying to visit all 30 baseball parks (7 to go), trying to walk the entire Superior Hiking Trail (www.shta.org) piece by piece, and trying to visit […]

By |November 14th, 2017|Wealth Management|

Google All So-Called Financial Experts

Google All So-Called Financial Experts
A client forwarded me an email last week that originally came from a so-called expert on investing in gold. One of the fun games I like to play when I get emails like this is to Google the investment firm publishing the results. This time I didn’t even need to get […]

By |November 7th, 2017|Wealth Management|

The Original 1% Club

The Original 1% Club
For as long as I can remember, okay maybe 10 years, my sister Kathleen has been promoting the 1% club. This is entirely different than the ultra-wealthy 1% that the Occupy Movement rallies against. Both clubs are related to income, but Kathleen’s 1% club has nothing to do with making tons more […]

By |October 31st, 2017|Wealth Management|

What Does Diversification Really Mean?

What Does Diversification Really Mean?
I’m a big fan of cutting the jargon out of investing. There’s no sense in creating an entire language that only finance folks speak and then expecting you to learn it for fun. To that end, let me help translate one of my favorite investment terms – diversification.

The simplest way to […]

By |October 24th, 2017|Wealth Management|

Estate Taxes: Read the Fine Print

Estate Taxes: Read the Fine Print
The great debate on tax reform is heating up. I’m in favor of simplifying the tax code and think there’s plenty of room for improvement. Here’s one thing that might surprise you, though. I think we should keep federal estate taxes. There is a very good reason for this. With […]

By |October 17th, 2017|Wealth Management|

A Few Good Variable Annuities…Very Few

A Few Good Variable Annuities…Very Few
This is a public service announcement for people holding old variable annuities.

I hate variable annuities. I know hate is a strong word. I mean it. I hate variable annuities. Don’t ever buy one. Annuities are a product designed to be sold by slick salespeople looking to get a fat commission. […]

By |October 10th, 2017|Wealth Management|

New MN Tax Break for 529 Plans

New MN Tax Break for 529 Plans
Saving for college just got a little less expensive in Minnesota. Why haven’t you heard much about this? It is part of a bill that Governor Mark Dayton and the legislature took to the MN Supreme Court in a dispute about other tax cuts and funding of the legislature. […]

By |October 3rd, 2017|Wealth Management|

The Math of Socially Responsible Investing

The Math of Socially Responsible Investing
There has been a lot of innovative work done with Socially Responsible Investing in the last five years. It used to be that we thought we were doing well if we could align 25%-30% of a portfolio with a client’s values in a cost effective way. Now we’re getting close […]

By |September 26th, 2017|Wealth Management|