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.


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|

The Best Investment Strategy is…

The Best Investment Strategy is…

The best investment strategy is the one you can stick with. There will always be someone with a better portfolio than you in the short-term, likely because they got lucky or took a lot of risk. You need to have a basic understanding about how your strategy works so that you […]

By |March 12th, 2019|Wealth Management|

Reasons to Work with a Financial Advisor by Decade

Reasons to Work with a Financial Advisor by Decade
Here’s a quick list I created that gives common questions that lead people to work with a financial advisor by each decade of life:

20s – How should I invest my 401k? How much should I be saving for retirement? Which loans should I pay down first?

30s – […]

By |March 5th, 2019|Wealth Management|

The “Stay Rich” Part of Your Portfolio

The “Stay Rich” Part of Your Portfolio
There should be two parts to your investments. You want to have a “get rich” part of your portfolio. Those are the stocks that fuel growth in your retirement savings. You also want to have a “stay rich” part of your portfolio. Those are the boring bonds that provide […]

By |February 26th, 2019|Wealth Management|

How Was Your Advisor Trained?

How Was Your Advisor Trained?

There are two ways to build a wealth management firm. One is based on a sales culture, with some supporting training for the actual financial knowledge. The other is based on learning the business and financial knowledge from the ground up, with no expectations for sales in the first few years.
It […]

By |February 19th, 2019|Wealth Management|

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|