Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
11 advisors
Number of Clients
2,548 clients
Average Client Portfolio
$895K average
Assets Under Management
$2.3B

Fee Structure

Minimum Investment:$100K
AUM-Based Fees (Tiered)
Assets Under ManagementAnnual Fee
Up to $500K2.00%
$500K+1.50%

Fees may be negotiable in certain instances with pre-approval from Senior Management.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee

North Star charges a "wrap fee" for advisory services and transaction execution. For balanced and equity portfolios, the fee is 2.00% on assets up to $500,000 and 1.50% on assets over $500,000. For fixed income portfolios, the fee is 1.50% on assets up to $500,000 and 1.25% on assets over $500,000. These fees are annualized and charged quarterly in arrears. Fees may be negotiable in certain instances with pre-approval from Senior Management. Wrap accounts sponsored by other financial institutions are generally charged 0.50% of AUM.

Areas of Practice
Investment ManagementFinancial Planning & CoachingRetirement PlanningEstate PlanningHigh Net Worth
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Advisor Information

Office location

20 N. Wacker Drive, Suite 1416, Chicago, IL, 60606-2902

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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 ActivitiesSells Insurance

Michael is the President of North Star Benefits LLC, an insurance and benefit planning company, taking nearly full-time. He also owns 50% of North Star Benefits, LLC through Q Mazoo, LLC, and is an officer at Snowball Public Relations & Events, LLC, dedicating minimal time to each. Michael is also a Registered Representative with NewEdge Securities, Inc. and President of North Star Investment Management Corporation, dedicating full-time to each.

Employment History
Current Registrations
Newedge Securities, LLCBroker
October 2016 - Present · 9 yrs 3 mos
North Star Investment Management Corporation
January 2009 - Present · 17 yrs
Previous Registrations
North Star Investment Services, INC.Broker
January 2009 - October 2016 · 7 yrs 9 mos
Smb Advisors LLC
March 2004 - January 2009 · 4 yrs 10 mos
Waterstone Financial Group, INC.Broker
July 1999 - December 2008 · 9 yrs 5 mos
MML Investors Services, INC. Broker
October 1995 - July 1999 · 3 yrs 9 mos
Northwestern Mutual Investment Services, INC. Broker
March 1995 - October 1995 · 7 mos
Robert W. Baird & CO. Incorporated Broker
March 1995 - August 1995 · 5 mos
State Registrations13 states
AZCACOFLGAILINMIMONJNYSCWI
AdvisorBrokerBoth
Exams
No exam information available for this advisor.