Wealth manager, independent · Minnetonka, MN
Cherry Tree Wealth Management, LLC
SEC-registered investment adviser · CRD 151406 · SEC 801-70554
At a glance
Cherry Tree Wealth Management, LLC is an SEC-registered investment adviser based in Minnetonka, Minnesota, with $673 million in regulatory assets under management as of its Form ADV filed March 27, 2026. Its largest client group by assets is individuals, and it reports 293 individual clients. By Form ADV it is a wealth manager, ranked 2,233rd of 8,915 wealth managers and 6,686th of 17,210 SEC-registered advisers by assets.
Main office 952-893-9012cherrytreewealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $673M
- Rank among wealth managers
- #2,233 of 8,915
- Rank among all SEC RIAs
- #6,686 of 17,210
- Rank in Minnesota
- #115 of 276
- Individual clients
- 293
- High-net-worth clients
- 27
- Accounts
- 1,101
- Discretionary
- 96% of AUM
- Employees
- 12
- Advisory staff
- 9
- Offices
- 2
Owners and executives on its Form ADV
- Kevin J. O'ConnorEmeritus Wealth Strategist
- Jane M. BortnemChief Financial Officer, Treasurer, Secretary & Chief Compliance Officer
- Anton J. ChristiansonChairman
- Gordon F. StoferNON Managing Member
- Keith N. TufteInvestment Advisor
- Conner G. KolodgeInvestment Advisor and President
- John C. O'ConnorChief Investment Officer and Investment Advisor
Custody and brokerage
Broker-dealer
Hybrid RIA
Cherry Tree Wealth Management, LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Cherry Tree & Associates, LLC.
- Cherry Tree & Associates, LLC ↗CRD 115151
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Cherry Tree & Associates as the broker-dealer its advisers are registered with.
10 Other Financial Industry Activities and Affiliations Management personnel of Cherry Tree Wealth Management, LLC are separately licensed as registered representatives of Cherry Tree & Associates, LLC (CTA), an affiliated broker- dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 266 | $370M | 55% |
| High-net-worth individuals | 27 | $265M | 39% |
| Pension and profit sharing plans | 7 | $30M | 4% |
| Charitable organizations | 33 | $7M | 1% |
| State or municipal government entities | 1 | $2M | <1% |
Disciplinary disclosures
Cherry Tree Wealth Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗cherrytreewealth.com ↗
AtlasMembers
The full record on Cherry Tree Wealth Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 4,609 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Cherry Tree Wealth Management, LLC manage?
Cherry Tree Wealth Management, LLC reports $673 million in regulatory assets under management across 1,101 accounts, 96% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
What kind of firm is Cherry Tree Wealth Management, LLC?
Cherry Tree Wealth Management, LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Cherry Tree Wealth Management, LLC’s clients?
By assets, its largest client types are individuals ($370 million, 266 clients); high-net-worth individuals ($265 million, 27 clients); pension and profit sharing plans ($30 million, 7 clients).
Does Cherry Tree Wealth Management, LLC have any disciplinary history?
Cherry Tree Wealth Management, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Cherry Tree Wealth Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →