DC
DC

Derek Cherne

32 Years of Experience
Wayzata, MN
Broker

Derek Cherne is a registered investment advisor at Wells Fargo Advisors, based in Wayzata, MN, with 32 years of industry experience. Their practice areas include Retirement Planning. Their firm serves 401,726 clients with $200B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3710 advisors
IM Fee
Planning only
Assets Under Management
$197.4B

Fee Structure

Investment management only (planning not offered)

Detailed fee information is not available for this advisor. View their full brochure on SEC.gov for fee details.

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Location

681 Lake Street E., Suite 354, Wayzata, MN, 55391-1758

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Derek is a member of the Board of Directors for the University Wisconsin River Falls Foundation and the Believe Foundation, spending minimal time on these activities. Both roles involve fundraising for charitable causes.

Employment History
Current Registrations
Wells Fargo Advisors
March 2026 - Present · 2 mos
Wells Fargo Advisors Financial Network, LLCBroker
March 2026 - Present · 2 mos
Previous Registrations
UBS Financial Services INC.
August 2009 - March 2026 · 16 yrs 7 mos
UBS Financial Services INC.Broker
January 2009 - March 2026 · 17 yrs 2 mos
Citigroup Global Markets INC.Broker
March 2007 - February 2009 · 1 yr 11 mos
UBS Financial Services INC.Broker
April 1996 - April 2007 · 11 yrs
Prudential Securities IncorporatedBroker
December 1994 - April 1996 · 1 yr 4 mos
American Express Financial Advisors INC.Broker
January 1994 - November 1994 · 10 mos
Ids Life Insurance CompanyBroker
January 1994 - November 1994 · 10 mos
State Registrations41 states
AKARAZCACOCTDCDEFLGAIDILINKYLAMAMDMIMNMOMTNCNDNENHNJNMNYOHOKORPASCTNTXUTVAVTWAWIWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
Derek Cherne - Financial Advisor | TrueAdvisor