Cherry Tree Wealth Management, LLC
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Overview
Cherry Tree Wealth Management, LLC is a financial advisor firm headquartered in Hopkins, Minnesota. Cherry Tree Wealth Management, LLC has $484.9 million in assets over 953 customer accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). It has a small group, including 8 financial advisors. Cherry Tree Wealth Management, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and equities.
Cherry Tree Wealth Management, LLC oversees most of its client assets on a discretionary basis. Discretionary management means that an investment advisor makes transaction choices for the client's account without requiring the client's authorization. Cherry Tree Wealth Management, LLC also manages eight non-discretionary accounts with a total of $28.6 million in assets. The investment advisory firm manages an average of $508,788 for every customer account. The typical financial advisor at Cherry Tree Wealth Management, LLC administers around 119 client accounts.
The firm's main office is at 301 Carlson Parkway, Hopkins, Minnesota 55305. The firm is allowed to provide services to clients throughout a few states, including Arizona, California, Florida, Minnesota, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cherry Tree Wealth Management, LLC by the Numbers
$484.9 million
11
953
$508.8 thousand
Products and Services
Cherry Tree Wealth Management, LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. However, the firm did not provide financial planning services to any of its customers in the prior financial year. Cherry Tree Wealth Management, LLC is engaged in selling products or offering services aside from investment advice to its customers. The firm is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees typically are based on which services the firm provides the client. Fees billed by the firm most likely are comprised of any combination of the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company does business with a broad range of customers. The firm works with retail investors, high net worth investors, pension plans, charitable organizations and state or municipal government entities. Out of its 953 customers, Cherry Tree Wealth Management, LLC's largest client type is retail investors, although it also manages money for 136 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 42.9%
- Other Individuals - 44.79%
- Corporations - 2.84%
- Charitable Organizations - 9.46%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Cherry Tree Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cherry Tree Wealth Management, LLC
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
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