North Star Investment Management Corporation
Assets Under Management
$2.3B
Number of Clients
2,548
Number of Advisors
11
Average Client AUM
$895K
AUM per Advisor
$207.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
North Star offers personalized discretionary investment management services to customers of NewEdge Securities, Inc. through a Wrap Fee Program. They construct investment policies based on client information and have complete discretionary authority to invest funds. They also offer financial planning, family office services, and manage small cap portfolios.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 2.00% |
| $500K+ | 1.50% |
Fees may be negotiable in certain instances with pre-approval from Senior Management. These rates are for Balanced and Equity portfolios. Fixed Income portfolios have different rates: Up to $500,000: 1.50%, Over $500,000: 1.25%
Fee Estimator
North Star charges a wrap fee for advisory services and transaction execution. The fee covers both North Star's advisory services and the Program Broker's execution of transactions. The wrap fee does not include other fees such as sales loads, management fees, administrative fees, or advisory fees and expenses of mutual funds and ETFs. Fees may be negotiable in certain instances with pre-approval from Senior Management. The minimum account value is generally $100,000.
Areas of Practice
Location
20 N. Wacker Drive, Suite 1416, Chicago, IL, 60606-2902