The right moves for your financial future

Private Wealth Management

CBM Group approach

Our financial planning team specializes in guiding business owners through the complexities of managing and growing their enterprises to pursuing new passions after post exit liquidity. Our access to the global resources of UBS allows us to offer tailored strategies for our clients. From cashflow management to investments and risk mitigation, we ensure both your business's and personal financial health. By understanding your unique goals and challenges, we provide actionable insights and personalized solutions to help you turn your vision into a robust financial reality.

snow pine

Business owners are a rare breed

Let our resources help you proceed with passion
You started your business with passion. We can help you bring that same drive to meeting challenges as you thrive and grow. Take advantage of strategic planning and tailored solutions throughout the lifecycle of your business, including life after ownership.

Business owners are a rare breed

Planning for the life of your business

on phone

Planning for the life of your business

A plan for family business succession

family

A plan for family business succession

You’re selling within the year

You’re selling within the year

on phone

Whether you are building something new, expanding or paving the way for succession or a future liquidity event, planning is critical. Wherever you are in your company’s development, we will work closely with you to assess your options, offer insight and guidance, and craft a roadmap that takes into account both the short and long term.

And if you preparing to sell your business, we can help ensure that the process is well-thought-out, runs smoothly and aims to create the most favorable outcome.

family

You spent a lifetime building your family business. So it’s no wonder that stepping away and handing over control of your life’s work is a difficult and emotional decision. A business succession plan can help guide you through that transition – from establishing controlling and non-controlling interests to the financials.

Let’s talk about all your options and create a strategic plan to help you comfortably move on the next chapter.

  • Finalize your trust and estate strategies 
  • Work with us to interview and select the investment banker that works best for you
  • Finalize your exit plan and focus on getting the best deal for the sale
  • Coordinate with your investment banker to help create competitive tension among prospective buyers and meet potential acquirers, review offers and negotiate the sale
  • As needed, prepare employees and managers for the transition
  • Think about what’s next for you and your future, after the sale
Learn more

Pursuing your goals together

Our mission is to provide quality strategies customized to your needs. Our goal is to be your primary source of financial advice. To this end, we concentrate our efforts on developing long-term relationships through a commitment to quality client service.

  • Derek Cherne

    Derek Cherne

    Managing Director–Wealth Management

    Certified Exit Planning Advisor

    • image
    • image
    • image
    • AL
    • AR
    • AZ
    • CA
    • CO
    • CT
    • DC
    • DE
    • FL
    • GA
    • IA
    • ID
    • IL
    • IN
    • KY
    • MA
    • MD
    • MI
    • MN
    • MT
    • NC
    • ND
    • NH
    • NJ
    • NM
    • NY
    • OH
    • OR
    • PA
    • RI
    • SC
    • SD
    • TN
    • TX
    • UT
    • VA
    • WA
    • WI
    • WY

    Since 1994, Derek has served high net-worth families, closely held businesses and foundations with their unique financial planning needs. As team lead, he serves key relationships and oversees business strategy and planning. Derek served as the Vice Chairman of the Board and chaired the investment committee for the University of Wisconsin-RF Foundation for almost two decades. Derek received his B.S. from the University of Wisconsin-RF with a major in finance and a minor in economics. He and his wife Michelle live in Medina with their 3 children (Maya, Adam, Tessa) and are active in youth sports and serving underprivileged kids in the community.

    • Barron's Top 1,200 Financial Advisors, 2017, 2018, 2020, 2022, 2023, 2024
      The Barron's rating is awarded annually in March and is based on information from the prior year Q3. 
    • Forbes Best-in-State Wealth Advisors, 2018, 2019, 2020, 2021, 2022, 2023, 2024The Forbes rating is compiled by Shook Research and awarded annually in April based on information from a 12 month period ending June of the prior year.
    • Forbes Best-in-State Wealth Management Teams, 2024The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.

      • Certified Exit Planning Advisor
      Entrepreneurs
      Business owners
      Business succession
      Exit planning
      Legacy planning
      Multi-generational families
      681 East Lake Street
      Wayzata, MN 55391
      derek.cherne@ubs.com
      Derek Cherne
      681 East Lake Street,Wayzata,MN,55391
    • Burke bio pic

      Keith Burke

      Managing Director–Wealth Management

      Financial Advisor

      • image
      • image
      • AK
      • AL
      • AR
      • AZ
      • CA
      • CO
      • CT
      • DC
      • FL
      • GA
      • IA
      • ID
      • IL
      • IN
      • KY
      • LA
      • MA
      • MD
      • ME
      • MI
      • MN
      • MO
      • MT
      • NC
      • ND
      • NE
      • NH
      • NJ
      • NM
      • NY
      • OH
      • OK
      • OR
      • PA
      • RI
      • SC
      • SD
      • TN
      • TX
      • UT
      • VA
      • VT
      • WA
      • WI
      • WY

      Keith Burke brings over 30 years of Wealth Management experience - currently overseeing over $300 million of client assets. Before UBS, Keith served as a financial advisor at Piper, Jaffray & Hopwood.

      Keith employs a comprehensive approach to high level wealth planning for both corporate and personal financial goals. He has significant experience in assisting clients implement retirement funds and long-term investing strategies. Additionally, Keith has a deep understanding of corporate plans ranging from stock Options to Rule 144 Restricted Stock to Pre-IPO Planning.

      As a member of the UBS President's Council, he is recognized as one of the leading Financial Advisors in the industry.

      He is a graduate of Carleton College in Northfield, MN where he received a degree in Economics with a concentration of Science, Technology & Public Policy.

      Outside of advising clients, Keith enjoys skiing out west, playing and coaching lacrosse, and spending time with his daughter and dog.

            Financial planning
            Lending services
            Structured products
            Equity plans
            Business owners
            Corporate executives
            681 East Lake Street
            Wayzata, MN 55391
            keith.burke@ubs.com
            Keith Burke
            681 East Lake Street,Wayzata,MN,55391
          •  Daniel Miller

            Daniel Miller

            Senior Vice President–Wealth Management

            Financial Advisor

            • image
            • image
            • image
            • AR
            • AZ
            • CA
            • CO
            • DC
            • DE
            • FL
            • GA
            • IA
            • ID
            • IL
            • IN
            • KY
            • MA
            • MD
            • MI
            • MN
            • MT
            • NC
            • NJ
            • NM
            • NY
            • OH
            • OR
            • PA
            • SC
            • SD
            • TN
            • TX
            • UT
            • VA
            • WA
            • WI
            • WY

            Dan has been a Financial Advisor since 1996. He focuses on providing customized investment and financial planning strategies for high net worth families, with an emphasis on philanthropic planning. He also consults to foundations and endowments on a broad range of issues, including investment policy development, asset allocation strategies and portfolio oversight.

            Dan earned a B.S. in math and physics from St. John’s University, where he now serves on the Alumni Board of Directors. In addition, he currently serves as the Chairman of the Board of the Hennepin Health Foundation and is involved with Project Success, serving on its development board and is a past parish council member of Annunciation Church in Minneapolis. He also enjoys coaching his children’s youth hockey and baseball teams. Dan and his wife, Lisa, live in Minneapolis, MN, with their four children.

            • Forbes Best-in-State Wealth Management Teams, 2024The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.

                Financial planning
                Retirement planning
                Investing
                Sustainable investing
                Philanthropy
                Impact investing
                Multi-generational families
                Business owners
                681 East Lake Street
                Wayzata, MN 55391
                dan.f.miller@ubs.com
                Daniel Miller
                681 East Lake Street,Wayzata,MN,55391
              • bio pic

                Michael Walker

                Senior Vice President–Wealth Management

                Financial Advisor

                • image
                • image
                • image
                • AR
                • AZ
                • CA
                • CO
                • DC
                • FL
                • GA
                • IA
                • ID
                • IL
                • IN
                • KY
                • MA
                • MD
                • MI
                • MN
                • MT
                • NC
                • NJ
                • NM
                • NY
                • OH
                • OR
                • PA
                • SC
                • SD
                • TN
                • TX
                • UT
                • VA
                • WA
                • WI
                • WY

                Since 1998, Mike has worked with individuals and families to gain a clear understanding of their total financial picture. He is dedicated to developing a personalized investment approach for each family that he works with.

                Mike received a BS degree in Finance from the University of Minnesota Duluth.

                Mike and his wife live in Medina where she practices her Master Gardener skills and Mike enjoys playing golf. Their three grown sons keep them busy.

                      Custom portfolios
                      Asset allocation
                      Alternative investments
                      Structured products
                      Philanthropy
                      Multi-generational families
                      681 East Lake Street
                      Wayzata, MN 55391
                      michael.t.walker@ubs.com
                      Michael Walker
                      681 East Lake Street,Wayzata,MN,55391
                    • Andrew bio pic

                      Andrew Knutson

                      First Vice President–Wealth Management

                      Certified Exit Planning Advisor

                      • image
                      • image
                      • image
                      • AR
                      • AZ
                      • CA
                      • CO
                      • DC
                      • FL
                      • GA
                      • IA
                      • ID
                      • IL
                      • IN
                      • KY
                      • MA
                      • MD
                      • MI
                      • MN
                      • MT
                      • NC
                      • ND
                      • NJ
                      • NM
                      • NY
                      • OH
                      • OR
                      • PA
                      • SC
                      • SD
                      • TN
                      • TX
                      • UT
                      • VA
                      • WA
                      • WI
                      • WY

                      Andrew and his team provide comprehensive, consultative investment planning and wealth management services to affluent families, institutions and business owners.

                      Andrew began his financial services career in 2005 as an intern during his off days of Caddying at a local Minneapolis golf course. Andrew graduated from Minnehaha Academy and attended the University of St. Thomas where he earned a Bachelor's Degree in both Finance and Entrepreneurship.

                      Outside the office, Andrew is active in the community as President of the American Bandy Association and has been a member of the U.S. Men's National Bandy Team since 2009. Andrew, his wife, and two children reside in Orono, Minnesota

                       

                      • Forbes Best-in-State Wealth Management Teams, 2024The Forbes rating is compiled by Shook Research and awarded annually in January, based on information from a 12 month period ending March of the prior year.
                      • Forbes Top Next-Gen (Generation) Wealth Advisors Best-in-State, 2024The Forbes rating is compiled by Shook Research and awarded annually in August based on information from a 12 month period ending in March of the award year.

                        • Certified Exit Planning Advisor
                        Financial planning
                        Investing
                        Alternative investments
                        Retirement Plan consulting
                        Multi-generational families
                        Business owners
                        681 East Lake Street
                        Wayzata, MN 55391
                        andrew.m.knutson@ubs.com
                        Andrew Knutson
                        681 East Lake Street,Wayzata,MN,55391
                      • Dean Breitbach

                        Dean Breitbach

                        Account Vice President

                        Senior Wealth Strategy Associate

                        • image
                        • image
                        • image
                        • AL
                        • AR
                        • AZ
                        • CA
                        • CO
                        • FL
                        • GA
                        • IA
                        • ID
                        • IL
                        • IN
                        • MA
                        • MI
                        • MN
                        • MT
                        • NC
                        • ND
                        • NJ
                        • NY
                        • OR
                        • PA
                        • SC
                        • SD
                        • TX
                        • VA
                        • WA
                        • WI

                        Dean began his financial services career in 1998. He coordinates much of the group's quantitative analysis and portfolio management process. He also reviews and prepares financial strategies for our clients. Dean received his B.S. degree in finance with a minor in economics from St. Cloud State University. Outside of the office, Dean lives in Woodland and he enjoys sailing, coaching youth baseball and running.

                              Financial planning
                              Custom portfolios
                              Asset allocation
                              Alternative investments
                              Structured products
                              Lending services
                              681 East Lake Street
                              Wayzata, MN 55391
                              dean.breitbach@ubs.com
                              Dean Breitbach
                              681 East Lake Street,Wayzata,MN,55391
                            • Peter Knutson

                              Peter Knutson

                              Chartered Financial Analyst®

                              • image
                              • image
                              • image
                              • AL
                              • AR
                              • AZ
                              • CA
                              • CO
                              • FL
                              • GA
                              • IA
                              • ID
                              • IL
                              • MA
                              • MI
                              • MN
                              • MT
                              • NC
                              • ND
                              • NJ
                              • NM
                              • PA
                              • SC
                              • SD
                              • TX
                              • VA
                              • WA
                              • WI

                              Peter joined the CBM Group in 2013. His primary focuse is on portfolio analysis. He graduated in three years from the University of St. Thomas with a degree in Finance. He holds Series 7 and 66 securities licenses. Peter is a CFA charterholder. During his free time he enjoys playing hockey, bandy and golf. He has been a member of the United States National Bandy Team since 2012.

                                  • Chartered Financial Analyst®
                                  Investing
                                  Custom portfolios
                                  Cash management
                                  Alternative investments
                                  Structured products
                                  Hedge Fund managers
                                  681 East Lake Street
                                  Wayzata, MN 55391
                                  peter.knutson@ubs.com
                                  Peter Knutson
                                  681 East Lake Street,Wayzata,MN,55391
                                • Renee bio pic

                                  Renee Gubrud

                                  Client Associate

                                  • image
                                  • image
                                  • MN

                                  Renee began working in the financial services industry in 1997. In 2021 she joined the CBM Group as a Wealth Management Associate. Renee holds the Series 7 and 63 security licenses. Her focus is to assist the team in providing an exceptional client experience.

                                  In addition to work, Renee is an active member of Anoka County Pheasants Forever. She also enjoys spending her free time with husband Ryan, her son and their two energetic yellow labs.

                                        681 East Lake Street
                                        Wayzata, MN 55391
                                        renee.gubrud@ubs.com
                                        Renee Gubrud
                                        681 East Lake Street,Wayzata,MN,55391
                                      • Kathleen Freiderich

                                        Kathleen Freiderich

                                        Team Administrator

                                        • image
                                        • image
                                        • image
                                        • FL
                                        • MN
                                        • WA

                                        Kathy began working in the financial services industry in 1980. In 2012 she joined the CBM Group as a Wealth Management Associate. Kathy holds the Series 7, 63 and 9 securities licenses. Her focus is on providing an exceptional client experience.

                                        Kathy enjoys spending time with her husband Mitch and their dog, Miska.

                                              681 East Lake Street
                                              Wayzata, MN 55391
                                              kathleen.a.freiderich@ubs.com
                                              Kathleen Freiderich
                                              681 East Lake Street,Wayzata,MN,55391
                                            • bio pic

                                              Tamara Grochala

                                              Senior Client Associate

                                              • image
                                              • image
                                              • AZ
                                              • CA
                                              • CO
                                              • FL
                                              • HI
                                              • IA
                                              • IL
                                              • MN
                                              • MT
                                              • NC
                                              • NJ
                                              • NY
                                              • OH
                                              • PA
                                              • SC
                                              • SD
                                              • TN
                                              • TX
                                              • UT
                                              • VA
                                              • WA
                                              • WI

                                              Tamie has been in the financial services industry since 1991. Prior to joining UBS in 2021, Tamie spent the previous 30 years as a Client Associate as well as a Financial Advisor at US Bank and Wells Fargo. Tamie holds FINRA 7,63 and 66 licenses.

                                              Tamie graduated from the University of Iowa with a BBA degree in finance.

                                              Outside of work, Tamie enjoys traveling with her husband, family and friends.

                                               

                                                    681 East Lake Street
                                                    Suite 354
                                                    Wayzata, MN 55391
                                                    tamara.m.grochala@ubs.com
                                                    Tamara Grochala
                                                    681 East Lake Street,Wayzata,MN,55391
                                                  • Laurie Knutson

                                                    Laurie Knutson

                                                    Senior Client Associate

                                                    • image
                                                    • image
                                                    • AZ
                                                    • CA
                                                    • CO
                                                    • CT
                                                    • DC
                                                    • FL
                                                    • GA
                                                    • IL
                                                    • IN
                                                    • KY
                                                    • LA
                                                    • MI
                                                    • MN
                                                    • MO
                                                    • NC
                                                    • ND
                                                    • NE
                                                    • NJ
                                                    • NM
                                                    • NY
                                                    • OH
                                                    • OK
                                                    • OR
                                                    • PA
                                                    • TN
                                                    • TX
                                                    • VA
                                                    • WA
                                                    • WI
                                                    • WY

                                                    Laurie began working at UBS in 1988 as the Branch Office Administrator and in 2012 joined the CBM Group as a Senior Registered Client Service Associate. She holds the Series 7 and 66 securities licenses and focuses on providing exceptional client service.

                                                    Laurie enjoys spending time at home with her family and grandchildren

                                                          681 East Lake Street
                                                          Wayzata, MN 55391
                                                          laurie.knutson@ubs.com
                                                          Laurie Knutson
                                                          681 East Lake Street,Wayzata,MN,55391

                                                        Defining your priorities. Pursuing what matters.

                                                        Our experience and structured planning process drives a comprehensive financial plan and customized investment strategies. Depending on where you are in your life and the priorities that matter most, our planning conversations may focus on liquidity management, your cash flow needs, asset replacement solutions such as insurance, estate planning strategies, or tax and legal structures such as trusts and philanthropic vehicles.

                                                        Business Owner in entryway

                                                        Advice for business owners & entrepreneurs

                                                        Three generations on beach

                                                        From success to succession

                                                        cleaners

                                                        Business transition & succession planning

                                                        Family on back porch

                                                        Wealth transfer across generations

                                                        Grandparents with grandchild

                                                        What will your legacy be?

                                                        Young plant

                                                        Philanthropy

                                                        Additional Resources

                                                        A leader in wealth management

                                                        Backed by the strength of our parent company, UBS AG

                                                        $5.9+ trn

                                                        UBS Group invested assets
                                                        As of 06/30/2024

                                                        51 countries

                                                        Our global footprint

                                                        More than 160 years

                                                        offering financial advice

                                                        Insights