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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Mulligan

Mulligan
The stock market gave investors a mulligan to start 2019. Why do I say that? The S&P 500 Index finished January up 8%. Other market benchmarks were up similar amounts. That doesn’t bring us back to fresh highs, but it’s a good enough bounce back that you should consider toning down your risk if the […]

By |February 12th, 2019|Wealth Management|

The Market is not the Economy

The Market is not the Economy
I used to listen to the radio show Marketplace Money a lot. (These days I listen to things like itsy bitsy spider until Raelyn’s bedtime). Back then I heard a common phrase from the host Kai Ryssdal. It is simple but bears repeating: “The market is not the economy.”

In my […]

By |February 5th, 2019|Wealth Management|

Pick Up that Neglected Paperwork

Pick Up that Neglected Paperwork
Do you have a financial issue you are avoiding because the process is unfamiliar, complicated, and confusing? I can relate. I adopted my daughter Raelyn last August. It was my first adoption. We were matched with her birth mom three weeks before she was due.

Needless to say there was a lot […]

By |January 29th, 2019|Wealth Management|

Mutual Fund Wall of Shame

Mutual Fund Wall of Shame
I’m starting an unofficial mutual fund wall of shame. This is a place of dubious distinction for funds that overcharge their investors for sub-par investment advice.

First on my list is the Rydex Inverse Government Long Bond Strategy Fund (RYJUX). It has at least three strikes against it.

The expense ratio is […]

By |January 22nd, 2019|Wealth Management|

Investing Lessons from 2018

Investing Lessons from 2018
I spend a lot of team each year researching investment strategies for my firm. It’s fun to look over the marketing materials from fund companies. My job is to determine what actually offers substantial improvement over what we are using today and what is just marketing BS. Most of it is marketing, […]

By |January 17th, 2019|Wealth Management|

Is it Time to Buy?

Is it Time to Buy?
Stocks are on sale. Let’s review how we decide when it’s time to buy.

The first thing you need to do is consult your investment plan. It should spell out when you will rebalance your accounts. For my clients, we look to rebalance when stocks are 5% below their target. If your […]

By |January 8th, 2019|Wealth Management|

Corporate Trustees

Corporate Trustees
Most families, even the most financially responsible ones, have at least one child who struggles to learn budgeting. When this continues into that child’s 30s, it becomes apparent that he/she may never learn to make wise financial decisions. That presents a problem for families with wealth that will be passed down to the next […]

By |December 18th, 2018|Wealth Management|

My Unconventional Plan to Save Less Next Year

My Unconventional Plan to Save LESS Next Year
I’m going to let you in on a secret. My plan for next year is to save less money for retirement. As a financial advisor, I often tell people to do the opposite. Maximizing your savings whenever possible will give you the freedom to have more fun down […]

By |December 11th, 2018|Wealth Management|

Can You Count on Social Security?

Can You Count on Social Security?
Did you know that the Social Security Board of Trustees produces an annual report on the financial status of the program? Said another way, each year they update us on when the Social Security trust fund will run out of money. The good news is that Social Security still isn’t […]

By |December 4th, 2018|Wealth Management|

Days are Long but the Years are Short

Days are Long but the Years are Short
As a new parent, I’ve been told that the days are long but the years are short. That means sometimes I’m at wits end because I’m not sleeping enough and I don’t know how I’ll get through the day. But then I’ll blink and little Raelyn will be […]

By |November 15th, 2018|Wealth Management|