Northstar Financial Companies, Inc. (Conshohocken)

Name: Northstar Financial Companies, Inc.
Address: 1100 E. Hector St, Conshohocken, PA, 19428
Telephone: 610-629-6100

Northstar Financial Companies, Inc. is a large advisory firm based in Conshohocken. It manages $118.39 million of regulatory assets for 404 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado, Connecticut, Florida, and 5 other states.

Northstar Financial Companies provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Northstar Financial Companies: assets under management

The assets under management (AUM) of Northstar Financial Companies, Inc. is $118.39 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.39 million in discretionary accounts and $3.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $287.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $665.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northstar Financial Companies, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Northstar Financial Companies serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Northstar Financial Companies is high net worth individuals with 35 clients and $88.83 million of assets under management. Among the 9 most similar advisory firms, Northstar Financial Companies has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118.39 million for 157 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Northstar Financial Companies doesn't advise any private funds.

Careers at Northstar Financial Companies, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Brian Girard	President / principal	1 Mar 2003	75% - 100%	2267878
Julia Megan Randall	Chief compliance officer	1 Jun 2014	Other	5073235

Based in Conshohocken

The principal office where Northstar Financial Companies, Inc. performs its advisory services is located at 1100 E. Hector St, Conshohocken, PA 19428, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-629-6100 or by fax 610-629-6106. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nstarfinco.com.