Overview

North Star Resource Group specializes in wealth management and financial planning, providing personalized investment strategies to individuals, families, and businesses. Their services include life insurance, investment management, and business solutions, all tailored to meet the unique needs of their clients. The firm operates on a model that emphasizes customized financial advice, generating revenue through advisory fees, insurance commissions, and investment management fees. What sets North Star apart from competitors is its unique organizational structure that connects clients with various specialists, ensuring comprehensive financial health. The company's goal is to prioritize client interests and maintain ethical practices, as evidenced by multiple awards for ethics and recognition as one of the best companies to work for in Minnesota.

Simplify's Take

What believers are saying

• Growing demand for ESG investing aligns with North Star's ethical practices.
• Aging U.S. population increases demand for retirement planning services.
• Trend towards fee-based advisory services aligns with North Star's revenue model.

What critics are saying

• Increased competition from low-cost robo-advisors could erode market share.
• DIY financial planning tools may decrease demand for traditional advisory services.
• Cybersecurity threats pose a risk to client trust and company reputation.

What makes North Star Resource Group unique

• Recognized for ethical practices, winning the Torch Awards for Ethics three times.
• Unique organizational structure connects clients to numerous specialists for complete financial health.
• Listed among Twin Cities' Largest Wealth Management Firms from 2017 to 2021.

Help us improve and share your feedback! Did you find this helpful?

YesNo