Cherry Tree Wealth Management, LLC

RIASEC Registered

Total AUM

$673M

Discretionary

$643M

96% of AUM

Avg account

$612K

Accounts

1,101

Employees

Advisory reps

Firm details

Headquarters: Minnetonka, Minnesota
CRD number: 151406
Registered since: September 3, 2009
Website: cherrytreewealth.com
Custodians: CHARLES SCHWAB & CO., INC., NATIONAL FINANCIAL SERVICES LLC
Fee structure: Percentage of AUM
Client types: Individuals54.91%
HNWI39.28%
Pension & Profit Sharing Plans4.49%
Charitable Organizations1.01%
State / Municipal Government0.31%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Cherry Tree Wealth Management, LLC is an independent registered investment adviser organized as an LLC that has been SEC-registered since 2009. The firm serves both individuals/families and institutional clients, charging fees on a percentage-of-AUM basis. It offers a mix of advisory services that includes financial planning, discretionary portfolio management for individuals and small businesses as well as for institutions, pension consulting services, and the selection of other advisers. The firm also operates as an insurance broker and has broker-dealer industry affiliations. Cherry Tree is identified as a capital allocator: it builds client portfolios using in-house management and by allocating capital to external managers where appropriate. The firm does not position itself as an active ESG investor.