# Cherry Tree Wealth Management, LLC

> Cherry Tree Wealth Management, LLC is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2009, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 151406
- Filed as: CHERRY TREE WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minnetonka, MN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151406
- AdvisorCensus page: https://advisorcensus.com/firm/cherry-tree-wealth-management-llc-minnetonka-mn-151406

## Quick answers

**How is Cherry Tree Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Cherry Tree Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Cherry Tree Wealth Management, LLC located?**
Cherry Tree Wealth Management, LLC's principal office is in Minnetonka, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Cherry Tree Wealth Management, LLC registered with the SEC or a state?**
Cherry Tree Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 151406.

**How much does Cherry Tree Wealth Management, LLC manage?**
Cherry Tree Wealth Management, LLC reports $673,466,155 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (96% discretionary).

**How have Cherry Tree Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Cherry Tree Wealth Management, LLC: Regulatory assets under management: $421,008,353 in the October 2021 data and $673,466,155 in the October 2026 data, up 60%. Total employees: 11 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cherry Tree Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (266); charitable organizations (33); high net worth individuals (27).

**Which custodians does Cherry Tree Wealth Management, LLC use?**
Cherry Tree Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Cherry Tree Wealth Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/151406

**What changed in Cherry Tree Wealth Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $593,289,354 to $673,466,155 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $673,466,155
- Discretionary: $643,213,185
- Non-discretionary: $30,252,970

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 266 | $369,804,212 |
| High net worth individuals | 27 | $264,510,642 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $30,252,970 |
| Charitable organizations | 33 | $6,827,848 |
| State or municipal government entities (including government pension plans) | 1 | $2,070,483 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2009 (17 years)
- Employees: 12 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, MI, MN, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Traverse City, MI

### Websites listed on Form ADV (Item 1.I)
- cherrytreewealth.com
- Facebook facebook.com
- LinkedIn @10336270

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $421,008,353 | 11 | March 11, 2021 |
| October 2022 | $475,814,960 | 12 | March 25, 2022 |
| October 2023 | $484,875,402 | 11 | March 29, 2023 |
| October 2024 | $553,928,006 | 11 | July 31, 2024 |
| October 2025 | $593,289,354 | 12 | March 28, 2025 |
| October 2026 | $673,466,155 | 12 | March 27, 2026 |

Regulatory assets under management: $421,008,353 in the October 2021 data and $673,466,155 in the October 2026 data, up 60%.
Total employees: 11 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $593,289,354 to $673,466,155 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cherry Tree Wealth Management, LLC (CRD 151406): Form ADV filing data as of October 2026.