DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Cherry Tree Wealth Management, LLC
Latest filing Mar 27, 2026
First filing on the tape Jan 20, 2012 · 22 filings
SEC status approved since Sep 3, 2009
RAUM
$673M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$634M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$74.8M
derived; firm RAUM over IAPD count
Employees
12
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$673M as of Mar 27, 2026
Jan 20, 2012$164M then
HNW client RAUM$265M as of Mar 27, 2026
Mar 27, 2018$268M then
State-registered IARs (5.B.3)9 as of Mar 27, 2026
Jan 20, 20120 then
Employees (5.A)12 as of Mar 27, 2026
Mar 28, 201314 then
Private funds1 as of Mar 14, 2017
Jan 20, 20121 then
RAUM +14% over the last fiscal year+12% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
- RAUM per advisor
- $74.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 33derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.8MderivedHNW RAUM over HNW clients
- Average account
- $611,686derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 5.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.1%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $68.4M, 49 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$370M55%
- High-net-worth individuals$265M39%
- Pension and profit-sharing plans$30.3M4.5%
- Charitable organizations$6.8M1.0%
- State and municipal entities$2.1M0.3%
- Individual clients
- 266reported
- HNW clients
- 27reported
- Pension plan clients
- 7reported
- Charitable clients
- 33reported
- Accounts
- 1,101reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $68.4M for 49 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=true related_bank=false bd_reps=3.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John Charles O'ConnorCertified Financial Planner, Chartered Financial Analyst | Traverse City, Mi | Dec 13, 2013 | 18 y | 0 |
| Anton Joseph Christianson | Minnetonka, Mn | Jan 28, 2014 | 44 y | 0 |
| Chelsea Katherine-Doris TufteCertified Financial Planner | Minnetonka, Mn | Apr 7, 2015 | 12 y | 0 |
| Conner Gregory KolodgeCertified Financial Planner, Personal Financial Specialist | Minnetonka, Mn | Jun 22, 2017 | 10 y | 0 |
| Justin Nicholas Frys | Minnetonka, Mn | Aug 14, 2019 | 28 y | 4 |
| Jared Robert KonenCertified Financial Planner | Minnetonka, Mn | Feb 2, 2022 | 15 y | 0 |
| Eric William Annett | Minnetonka, Mn | Feb 14, 2024 | 10 y | 2 |
| Robert Christianson | Minnetonka, Mn | Jun 27, 2024 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Thomas Arthur Paske to Van Clemens Wealth Management, LLCJun 4, 2025 · RIA to RIA
- Kathleen Ellen Tranovich to Elser Financial Planning, Inc.Dec 19, 2019 · RIA to RIA
- Jade Skyler Hemiller to U.S. Bancorp Investments, Inc.Aug 14, 2019 · RIA to affiliated broker-dealer or bank
Joined, latest
- Eric William Annett from MML Investors Services, LLCFeb 14, 2024 · Affiliated broker-dealer or bank to independent RIA
- Justin Nicholas Frys from E*Trade Capital Management, LLCAug 14, 2019 · RIA to RIA
- Thomas Arthur Paske from Numbers By Tom Paske & Diane Kramer, Inc.Jun 20, 2018 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Adam Smith Fund, LLCno longer reported | Hedge Fund | $22.5M | 18 | Jan 20, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Marie Jane Bortnem · Chief Financial Officer, Treasurer, Secretary & Chief Compliance Officercontrolsince 07/2009 · owns less than 5%
- Joseph Anton Christianson · Chairmancontrolsince 07/2009 · owns less than 5%
- James Kevin O'Connor · Emeritus Wealth Strategistcontrolsince 01/2020 · owns less than 5%
- Fairchild Gordon Stofer · Non Managing Membercontrolsince 07/2009 · owns 5% to 10%
- Norman Keith Tufte · Investment Advisor And Presidentcontrolsince 08/2009 · owns less than 5%
- Joseph Anton Christianson · Chairman And Membercontrolsince 03/1997 · owns 75% or more of Adam Smith Companies, LLC
- Gregory Conner Kolodge · Investment Advisorsince 01/2021 · owns less than 5%
- Charles John O'Connor · Chief Investment Officer And Investment Advisorsince 01/2021 · owns less than 5%
Entity owners
- Adam Smith Companies, LLC · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Cherry Tree & Associates, LLCbroker-dealern
Advisers that list Cherry Tree Wealth Management, LLC as a related person
- 139489 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minnetonka, Mn · principal | 8 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 27, 2026HNW share of RAUM moved from 56.0% to 39.0% between the annual amendments of 2025-03-28 and 2026-03-27peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 1,042 to 1,101Mar 28, 2025 to Mar 27, 2026
- Charity clients · 31 to 33Mar 28, 2025 to Mar 27, 2026
- HNW clients · 23 to 27Mar 28, 2025 to Mar 27, 2026
- Individual clients · 264 to 266Mar 28, 2025 to Mar 27, 2026
- Assets in custody · $43.8M to $68.4MMar 28, 2025 to Mar 27, 2026
- Discretionary RAUM · $567M to $643MMar 28, 2025 to Mar 27, 2026
- HNW RAUM · $331M to $265MMar 28, 2025 to Mar 27, 2026
- Individual RAUM · $228M to $370MMar 28, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $26.2M to $30.3MMar 28, 2025 to Mar 27, 2026
- Pension RAUM · $26.2M to $30.3MMar 28, 2025 to Mar 27, 2026
- RAUM · $593M to $673MMar 28, 2025 to Mar 27, 2026
- Accounts · 1,029 to 1,042Jul 31, 2024 to Mar 28, 2025
- Advisory employees · 8 to 9Jul 31, 2024 to Mar 28, 2025
- Charity clients · 32 to 31Jul 31, 2024 to Mar 28, 2025
- HNW clients · 20 to 23Jul 31, 2024 to Mar 28, 2025
- Individual clients · 278 to 264Jul 31, 2024 to Mar 28, 2025
- Pension plan clients · 8 to 7Jul 31, 2024 to Mar 28, 2025
- Assets in custody · $40.5M to $43.8MJul 31, 2024 to Mar 28, 2025
- Employees · 11 to 12Jul 31, 2024 to Mar 28, 2025
- Financial planning clients · 0 to 251-500Jul 31, 2024 to Mar 28, 2025
- State-registered IARs · 8 to 9Jul 31, 2024 to Mar 28, 2025
- Other offices · 0 to 1Jul 31, 2024 to Mar 28, 2025
- Discretionary RAUM · $531M to $567MJul 31, 2024 to Mar 28, 2025
- HNW RAUM · $208M to $331MJul 31, 2024 to Mar 28, 2025
- Individual RAUM · $313M to $228MJul 31, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $23.1M to $26.2MJul 31, 2024 to Mar 28, 2025
- Pension RAUM · $23.1M to $26.2MJul 31, 2024 to Mar 28, 2025
- RAUM · $554M to $593MJul 31, 2024 to Mar 28, 2025
- Accounts · 953 to 1,029Mar 29, 2023 to Mar 28, 2024
- Charity clients · 30 to 32Mar 29, 2023 to Mar 28, 2024
- HNW clients · 136 to 20Mar 29, 2023 to Mar 28, 2024
- Individual clients · 142 to 278Mar 29, 2023 to Mar 28, 2024
- Assets in custody · $103M to $40.5MMar 29, 2023 to Mar 28, 2024
- Discretionary RAUM · $456M to $531MMar 29, 2023 to Mar 28, 2024
- HNW RAUM · $394M to $208MMar 29, 2023 to Mar 28, 2024
- Individual RAUM · $53.8M to $313MMar 29, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $28.6M to $23.1MMar 29, 2023 to Mar 28, 2024
- Pension RAUM · $28.6M to $23.1MMar 29, 2023 to Mar 28, 2024
- RAUM · $485M to $554MMar 29, 2023 to Mar 28, 2024
- Accounts · 917 to 953Mar 25, 2022 to Mar 29, 2023
Signals
1 dated events
- Thomas Arthur Paske left Cherry Tree Wealth Management, Llc for Van Clemens Wealth Management, Llc (registered 2025-12-10)Jun 4, 2025 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 952-253-6013reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-253-6014reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-893-9012reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/10336270reportedpublic record, Form ADV, Sep 17, 2026
- Website
- CHERRYTREEWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-893-9012reportedpublic record, Form ADV, Mar 27, 2026
- Contact form
- cherrytreewealth.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- cherrytreewealth.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $74.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026