What separates North Star Financial Partners from other firms?
We believe that our firm has distinguished itself in four significant areas:
Our Core Values
At the base of our core values are two underlying themes. They are that we do what is in our client's best interest all the time and that we provide world-class service to our clients.
Behind our research effort is a commitment to intellectual honesty and to staying within our area of competency. We believe our clients' long-term interests are best served by making decisions based on careful research, rather than pursuing what is temporarily popular or superficially appealing.
Our Attention to Detail
While some say don't sweat the small stuff, we believe our attention to detail is what sets us apart from other firms.
Our Ability to Listen
Our clients include wealthy individuals, families, foundations, retirement plans and institutions. We believe strong client relationships are born out of understanding our client's needs. We feel the best way to make sure we know our client's goals is to listen to them. Our ultimate success is not based around any product, but rather on our relationships. We believe relationships are strengthened through communication, and an important part of communication is listening.
How often do you meet with your clients?
We typically meet in-person from one to three times per year with our clients who live in the Sacramento area, based upon each client's preference. For clients who live outside of the area, we suggest regular in-person meetings be held on a mutually agreed upon basis.
How often do you review your client's portfolio?
We complete a detailed analysis of our client's portfolio when we meet in-person. But at other times throughout the year we are reviewing the portfolio and may mail you a copy of the analysis we complete so that you have a copy for your review and records.
What are your management fees and what do they cover?
Portfolio management fees vary depending upon the complexity of the situation. All client meetings, teleconferences, and portfolio review and analysis are included in the fee.
Besides investing money, what else do you do?
We take a holistic view toward our clients' financial situation. We regularly communicate with the attorneys, CPAs, and other financial professionals who serve our clientele. Investments are just one component of a comprehensive financial plan. We also engage in risk management (insurance), retirement planning, and estate planning. We like to view ourselves as the "navigator" of our clients' financial team.
What does being "independent" mean?
In the world of finance, "independence" means we are not beholden to any one manager, fund, or corporation. We have the freedom to choose appropriate money managers, taking into account their performance, style and fee structure and matching it with our clients' needs and goals. When we invest your money in a specific manager, it is because of the quality of the investment, not because of corporate dictum. In effect, there are no conflicts of interest that are present with many firms.