Northstar Capital, LLC
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Learn more about Northstar Capital, LLC
Northstar Capital, LLC operates as an advisory company that has its headquarters in Minneapolis, Minnesota. Northstar Capital, LLC administers $734.7 million in assets under management throughout six client accounts, placing it among the bigger financial advisory firms in the nation by assets under management (AUM). It has a small group of 16 employees, of which 12 are financial advisors. Northstar Capital, LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, bonds and stocks.
Northstar Capital, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management signifies that transaction choices are made by a portfolio manager without requiring client approval. The investment advisory firm's average account size is $122.5 million. An average financial advisor at Northstar Capital, LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.
The firm's headquarters is located at 45 South 7Th Street, Minneapolis, Minnesota 55402. It is permitted to serve clients across a number of states, including Minnesota and North Dakota.
Number of Advisors
Northstar Capital, LLC by the Numbers
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Financial management fees usually vary depending on which services the firm provides the client. Fee types billed by the company most likely include the following fee structures: asset-based, performance-based or other. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Offered by 75% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 17% of firms
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Offered by 12% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 37% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 3% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 1% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 40% of firms that offer this fee type
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Types of Clients
The firm provides services to pooled investment vehicles. Out of its six customers, Northstar Capital, LLC's biggest client group by number of accounts is pooled investment vehicles. None of the firm's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Northstar Capital, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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