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.


My First Gravel Ride

My First Gravel Ride
I finished up my first gravel bike ride a week and a half ago. I’m new to this scene. It’s a community of cyclists who love going for long rides and challenging themselves. Most rides I’ve heard of are at least 50 miles long, wind through country gravel roads, and are unsupported. […]

By |May 28th, 2019|Wealth Management|

A Simple Truth

A Simple Truth
I have spent a lot of time pouring over why value stocks have underperformed growth stocks in the U.S. over the past decade. In my search to confirm that value investing is still a useful strategy, a simple truth emerged. Value stocks underperformed growth stocks…because they were supposed to. Value stocks are expected […]

By |May 21st, 2019|Wealth Management|

Learn from Others’ Mistakes

Learn from Others’ Mistakes
Charlie Munger and Warren Buffett have shared a lot of sage investment wisdom over the years. Munger had a great interview in the Wall Street Journal leading up to this year’s Berkshire Hathaway annual meeting (WSJ). In it, he repeated one of my favorite nuggets. He wants to learn as much as […]

By |May 14th, 2019|Wealth Management|

Risky Business

Risky Business

Let’s talk about risky jobs. When I put together a portfolio for a client, I look at how risky their job is. A job can be risky for a variety of reasons. There can be a high risk of injury (coal mining), there can be a high risk of job loss (construction), or the […]

By |May 7th, 2019|Wealth Management|

If I Won the Lottery…

If I Won the Lottery…
I like to buy a Powerball ticket every once in a while. I know I’m not going to win, but $2 is pretty cheap entertainment. I like to dream about what I would do with the winnings. Whose mortgages would I pay off? Where would I travel? Would I still […]

By |April 30th, 2019|Wealth Management|

Stock Tips from Company Executives

Stock Tips from Company Executives
I think most people know better than to take stock tips from their friends these days. In a world where information is distributed so quickly, what are the odds that your pal found some information that everyone else missed? They aren’t very good. But what about company executives? When they tell […]

By |April 23rd, 2019|Wealth Management|

Tips for Helping your Parents with Finances

Tips for Helping your Parents with Finances
There are certain things I don’t look forward to as my parents age. They are in their mid-60s, so hopefully these things should still be many years from now. Nevertheless, I don’t look forward to telling them they should stop driving. I don’t want to be the one to […]

By |April 16th, 2019|Wealth Management|

Save for Tomorrow

Save for Tomorrow
Saving for retirement is sort of like eating your vegetables. We all know it’s good for us, but most of us don’t do as much of it as we should. There’s a reason for this. It’s called present bias. We give full value to things that happen now and discount things that happen […]

By |April 9th, 2019|Wealth Management|

A Plan for Too Much Money

A Plan for Too Much Money
What would you do if you found out you had too much money? Yes, this is actually a thing. Some people are such good savers that they turn around at age 65 and see that they are going to die with a lot of assets leftover (obviously they weren’t spending […]

By |April 2nd, 2019|Wealth Management|

Tread Carefully With Opportunity Zones

Tread Carefully With Opportunity Zones
The 2017 tax bill created an exciting opportunity for real estate investors – opportunity zones. To incentivize real estate development in these areas, the IRS is offering to defer and eliminate some capital gains taxes on these transactions. For instance, the gain on the real estate will not be taxed if […]

By |March 19th, 2019|Wealth Management|