NORTHSTAR WEALTH MANAGEMENT, INC.

RIASEC Registered

Total AUM

$85.5M

Discretionary

$84.8M

99% of AUM

Avg account

$265K

Accounts

323

Employees

Advisory reps

Firm details

Headquarters: BLOOMINGTON, Minnesota
CRD number: 306721
Website: nwm.financial
Custodians: CAPITAL CLIENT GROUP, INC., PACIFIC SELECT DISTRIBUTORS, LLC, LINCOLN FINANCIAL DISTRIBUTORS, INC., INVESCO DISTRIBUTORS, INC., CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Commissions, Other
Client types: HNWI70.66%
Individuals28.91%
Corporations / Businesses0.44%
Services: Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Northstar Wealth Management, Inc. is an independent registered investment adviser that manages wealth for individual, family and some institutional clients while also operating as an insurance broker. The firm emphasizes equity-centered portfolios, using exchange-traded securities as its primary building blocks. Its advisory services center on financial planning and portfolio management for individuals and small businesses, and the firm charges a mix of fees including a percentage of assets under management, hourly fees, commissions and other arrangements. Portfolio construction shows a clear preference for liquid, exchange-traded exposure supplemented by third-party alternative fund allocations and insurance products. Northstar Wealth Management, Inc. is not positioned as an ESG-focused or multi-state adviser and does not operate as a capital allocator; instead it leans on outside managers for alternative strategies and uses insurance products where appropriate for client objectives.