Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
Northstar Financial Companies, Inc. Overview
Northstar Financial Companies is a fee-based registered investment advisory firm that offers investment advice only. With headquarters located in Conshohocken, PA, the firm has been in business since 2019. They specialize in financial planning and portfolio management services for individuals and small businesses. Clients benefit from a fee-based fee arrangement which ensures that Northstar Financial Companies has a vested interest in growing and managing the assets of their clients. The firm's investment philosophy prioritizes the needs and goals of each client to build a customized and unique portfolio that aligns with their financial objectives. Northstar Financial Companies has a team of highly qualified professionals who provide customized investment strategies and support clients in achieving financial security and success. The team is committed to providing superior customer service and building long-term, trusted relationships with each client. They have a proven track record of success and an unwavering dedication to putting their clients' interests first.
Northstar Financial Companies, Inc. serves a diverse range of clients in the financial industry. This includes individuals seeking financial planning and investment advice, high net worth individuals with complex financial portfolios, and various types of corporations not listed. Northstar Financial Companies, Inc. prides itself on catering to each client's unique financial needs and providing them with tailored solutions to achieve their financial goals. When it comes to fees, Northstar Financial Companies, Inc. offers two structures depending on the service provided. For investment management services, the fee is based on a percentage of assets under management (AUM). This means that the firm charges a percentage of the client's total investments that are being managed by them. This structure allows Northstar Financial Companies, Inc. to align their interests with that of their clients, as they are incentivized to grow their clients' investments and earn a higher fee as a result. For other services such as financial planning or advisory, the firm charges an hourly fee. This fee structure allows clients to pay for the specific amount of time and expertise they need, without any hidden fees or charges. Overall, Northstar Financial Companies, Inc. offers their clients flexible and transparent fee structures that cater to their various financial needs.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of NorthStar Financial Companies, Inc., the firm has different investment minimums depending on the investment program or product offered. The brochure states, "Certain programs and products may have investment minimums, which may vary depending on the program, product, or investment advisory agreement." Therefore, the investment minimum for NorthStar Financial Companies, Inc. is not specified and may vary depending on the specific investment program or product.
How This Office Can Help Conshohocken, PA Residents
Northstar Financial Companies Inc., located in Conshohocken, Pennsylvania is a comprehensive financial firm which provides a range of services including financial planning, wealth management, and investment advisory. Northstar Financial Companies Inc, has a team of experienced and knowledgeable financial advisors that are able to assist clients with their financial goals, whether it be retirement planning, tax planning, estate planning or investment management. Clients living in Conshohocken, PA may be facing various financial situations such as planning for retirement, managing a growing business, buying a new home, or caring for aging parents. The experienced financial advisors at Northstar Financial Companies Inc. understand the unique financial situations of residents in Conshohocken, PA, and are able to provide personalized advice and investment strategies to help them achieve their goals. By providing comprehensive financial solutions, Northstar Financial Companies Inc. empowers clients to make informed and sound financial decisions.
Services Offered by Northstar Financial Companies, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Northstar Financial Companies, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Unavailable
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Northstar Financial Companies, Inc. is registered to service clients in the following states:
- California
- Colorado
- Connecticut
- Florida
- Massachusetts
- Nebraska
- Nevada
- New Hampshire
- New York
- North Carolina
- Pennsylvania
- Rhode Island
- Texas
- Virginia
Disciplinary History
Northstar Financial Companies, Inc. does not have any disclosures. Please visit it's Form ADV for more details.