North Star Investment Management Corporation

North Star Investment Management Corporation, based in Chicago, offers personalized discretionary investment management services through a Wrap Fee Program. Clients provide financial information, and North Star constructs an investment policy tailored to their needs. The Program Broker executes transactions, and clients grant North Star full discretionary authority over investments. Fees are charged based on assets under management, with annualized figures ranging from 1.25% to 2.00%. The firm may adjust fees with prior notice and offers negotiable fee schedules. North Star also manages wrap fee programs for financial institutions, charging an annualized fee of 0.50% of assets under management. Clients should be aware of additional fees not covered by the wrap fee, such as sales loads or administrative fees. North Star's investment strategies include long-term purchases, short sales, and option writing. The firm exercises proxy voting authority over clients' securities and conducts regular account reviews. North Star has not been involved in legal or disciplinary events and maintains a Code of Ethics to manage conflicts of interest. The firm requires a minimum account value of $100,000 and serves individual and institutional investors, among others. Clients receive quarterly reports and can contact portfolio managers during business hours. North Star discloses referral arrangements and financial information, ensuring transparency and compliance with regulatory standards.