Cherry Tree Wealth Management LLC

Item 5     Fees and Compensation

                       PORTFOLIO MANAGEMENT SERVICE FEES
The annualized fee for these services is charged as a percentage of assets under
management, according to the following schedule:
Account Balance            Annual Fee          Account Balance               Annual Fee

Up to $999,999             1.00%               $4,000,000 to $4,999,999          0.70%
$1,000,000 to $1,999,999   0.90%               $5,000,000 to $5,999,999          0.65%
$2,000,000 to $2,999,999   0.80%               $6,000,000 to $6,999,999          0.60%
$3,000,000 to $3,999,999   0.75%               $7,000,000 to $9,999,999          0.55%

Account Balance            Annual Fee

$10-$15M                   0.50%
$15-$20M                   0.45%
$20-$25M                   0.40%
$25-$40M                   0.35%
$40M+                      0.32%

A minimum of $500,000 of assets under management is generally required for this service.
This account size may be negotiable under certain circumstances. Clients are billed in
advance upon inception and at the beginning of each calendar quarter. Cherry Tree Wealth
Management, LLC may group certain related client accounts for the purposes of achieving the
minimum account size and determining the annualized fee.
Limited Negotiability of Advisory Fees: Although Cherry Tree Wealth Management, LLC
has established the aforementioned fee schedule(s), we retain the discretion to negotiate
alternative fees on a client-by-client basis. Client facts, circumstances and needs are
considered in determining the fee schedule. These include the complexity of the client, assets
to be placed under management, anticipated future additional assets, related accounts,
portfolio style, account composition, reports, among other factors. The specific annual fee
schedule is identified in the contract between the adviser and each client.
Discounts, not generally available to our advisory clients, may be offered to family members
and friends of associated persons of our firm.
With respect to clients where we offer portfolio management services through Institutional
Intelligent Portfolios™, an automated, online investment management platform for use by
independent investment advisors and sponsored by Schwab Wealth Investment Advisory,
Inc., a minimum of $50,000 of assets under management is generally required and clients are
billed in advance upon inception and at the beginning of each calendar quarter an annualized
fee of 1% of assets under management.

             EMPLOYEE BENEFIT RETIREMENT PLAN CONSULTING FEES
Our fees for Employee Benefit Retirement Plan Consulting Services are based on a
percentage of assets under advisement and other factors such as the complexity of the client,
number of participants, assets to be placed under management, and anticipated future
additional assets. Our fees typically range from .25% to .65% of assets under management.
Plan sponsors are invoiced in advance at the beginning of each calendar quarter except for
four plans that are invoiced in arrears.
A minimum of $500,000 of assets under management is generally required for this service.
This minimum amount may prevent Cherry Tree Wealth Management, LLC from providing
services to very small ERISA plans.

                                FINANCIAL PLANNING FEES
Cherry Tree Wealth Management, LLC's Financial Planning fee is determined based on the
nature of the services being provided and the complexity of each client’s circumstances. All
fees are agreed upon prior to entering into a contract with any client.
Financial Planning Fee Offset: Cherry Tree Wealth Management, LLC reserves the
discretion to reduce or waive the hourly fee and/or the minimum fixed fee if a financial
planning client chooses to engage us for our Portfolio Management Services.
The client is billed monthly in arrears based on actual hours accrued.

  GENERAL INFORMATION REGARDING THE ADVISORY SERVICES LISTED ABOVE
Termination of the Advisory Relationship: A client agreement may be canceled at any
time, by either party, for any reason upon receipt of 30 days written notice. As disclosed
above, certain fees are paid in advance of services provided. Upon termination of any
account, any prepaid, unearned fees will be promptly refunded. In calculating a client's
reimbursement of fees, we will pro rate the reimbursement according to the number of days
remaining in the billing period.
Mutual Fund Fees: All fees paid to Cherry Tree Wealth Management, LLC for investment
advisory services are separate and distinct from the fees and expenses charged by mutual
funds and/or ETFs to their shareholders. These fees and expenses are described in each
fund's prospectus. These fees will generally include a management fee, other fund expenses,
and a possible distribution fee. If the fund also imposes sales charges, a client may pay an
initial or deferred sales charge. A client could invest in a mutual fund directly, without our
services. In that case, the client would not receive the services provided by our firm which are
designed, among other things, to assist the client in determining which mutual fund or funds
are most appropriate to each client's financial condition and objectives. Accordingly, the client
should review both the fees charged by the funds and our fees to fully understand the total
amount of fees to be paid by the client and to thereby evaluate the advisory services being
provided.
Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible
for the fees and expenses charged by custodians and imposed by broker dealers, including,
but not limited to, any transaction charges imposed by a broker dealer with which an
independent investment manager effects transactions for the client's account(s). Please refer
to the "Brokerage Practices" section (Item 12) of this Form ADV for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are
...

Item 7      Types of Clients
Cherry Tree Wealth Management, LLC provides advisory services to the following types of
clients:
• Individuals (other than high net worth individuals)
• High net worth individuals
• Pension and profit-sharing plans
• Estates and trusts
• Charitable organizations
• State and municipal government entities