Become A Client
Northstar Financial Planners provides a wide variety of investment advisory services to clients on a fee-only basis. Northstar generally requires a minimum of $500,000 to open and maintain an advisory account. The firm may allow clients to household accounts to meet the stated account minimum.
Northstar does not retain custody of any client funds or securities - the services of a qualified independent custodian will be used for these asset management services. Clients are advised to transfer all assets directly to the qualified custodian (our Client Concierge can assist in that process) or to make transfer checks made payable to the custodian.
Northstar selects qualified custodians based on a number of criteria, including trading costs, quality of service and ability to deliver best execution of trades. Custodians currently used by Northstar are described here.
As a fee-only advisor, Northstar charges each client a fee for all investment advisory services based on the dollar value of assets under management. The detailed structure of the fee arrangement is indicated in the Client Agreement, signed by the client and the investment advisor representative before any assets are transferred to Northstar's custodian.
An additional fee may be negotiated between the client and the IAR for services beyond the scope of a standard investment agreement, such as trust or pension plan consulting.
Advice offered by Northstar usually involves investment in a diversified portfolio of mutual funds. Clients are advised that all fees paid to Northstar for investment advisory services are separate and distinct from the fees and expenses charged by investment companies (described in each fund's prospectus) to their shareholders. These fees will generally include a management fee and other fund expenses. Northstar receives no direct or indirect financial benefit from the purchase or sale of any particular investment product.
Further, there are transaction charges involved with the purchase or sale of securities. Northstar does not share in any portion of the brokerage fees/transaction charges imposed by the custodian holding the client funds or securities.
If you would like more information about becoming a client, please contact us.
Household: Combining the values of several accounts related to family members in a single household, for purposes of negotiating a lower fee. Custody: A financial advisor has custody of assets in his/her possession or if he/she has the ability to appropriate them. Custodian: A qualified third party broker/dealer who maintains separate accounts in the name of the client or the client's trustee. Best Execution: We periodically review the trades made by our custodians on our clients' behalf to ensure that the trade was executed in a timely manner and at the best price available at the time. Fee-Only Advisor: Northstar does not receive commissions, incentives or any other form of direct or indirect compensation for the selling of a specific investment product. Our revenue comes solely from the quarterly fees we charge directly to our clients for portfolio management and other financial services. Assets Under Management: The value of all assets managed by Northstar on behalf of a client. The contract signed by the client and the Investment Advisor Representative will stipulate the management fee to be charged, which will be expressed as a percentage. This percentage is multiplied by the total Assets Under Management to determine the dollar value of the management fee. Investment Advisor Representative: Representatives of Northstar (a Registered Investment Advisor) qualified and authorized to give investment advice to clients. Investment Company: Investment companies pool the assets of many investors and buy a packaged product of securities, called a mutual fund.