Form CRS

Northstar Financial Planning, Inc. is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ. It is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at, which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to "retail" investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

What investment services and advice can you provide me?

We offer the following investment advisory services to retail investors: Wealth Management Services where all aspects of your financial affairs are reviewed, including Life Planning Services. In some cases, we provide stand-alone Investment Management Services. For a description of each service listed above, refer to our Form ADV Part 2A disclosure by clicking the following link Refer to Items 4, 7, 13 and 16.

Account Monitoring If you open an investment account with our firm, we are required to monitor your portfolio, investment strategy, and investments on continuous and ongoing basis.

Investment Authority We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. We also offer non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm.

Investment Offerings We primarily provide advice on insurance, no-load mutual funds and exchange-traded funds. Other firms could provide advice on a wider range of choices, some of which might have lower costs.

Account Minimums and Requirements for Wealth Management and Stand-Alone Investment Management Services, we charge a minimum annual fee of $6,250 which may be reduced in our discretion. We do not impose minimums on account size.

Key Questions to Ask Your Financial Professional
  • Given my financial situation, should I choose an investment advisory service? Why or Why Not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education and other qualifications?
  • What do these qualifications mean?

What fees will I pay?

The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. For detailed information, refer to our Form ADV Part 2A by clicking this link

How do your financial professionals make money?

Our Company and the financial professional servicing your account(s) are compensated through salary and bonus. Financial professionals' compensation is based on the general revenue of the firm and the professional's experience in the field. We are not compensated by any products sold, nor sales commissions.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

Key Questions to Ask Your Financial Professional
  • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

We are held to a fiduciary standard that covers our entire advisory relationship with you. For example, we are required to monitor your portfolio, investment strategy, and investments on an ongoing basis.

Our interest can conflict with your interests. We must eliminate those conflicts or tell you about them in a way you can understand, so that you can decide whether to agree to them. For example, the more assets you have in the advisory account, including cash, the more you will pay us. We therefore have an incentive to increase the assets in your account in order to increase our fees. You pay our fee quarterly even if you do not buy or sell.

Refer to our Form ADV Part 2A a by clicking this link to help you understand what conflicts exist.

  • How might your conflicts of interest affect me, and how will you address them?

When we act as your investment adviser, we must act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you.

In addition to our advisory fees, we may make money from our investment advisory services in the following ways (in what ways do we make money?): Refer to our Form ADV Part 2A Items 5, 10, 12, and 14 for examples to help you understand what conflicts exist. In 2020, we accepted a Payroll Protection Program ("PPP") loan to allow us to support ongoing operations. The loan has been forgiven.

Key Questions to Ask Your Financial Professional
  • As a financial professional, do you have any disciplinary history? For what type of conduct?

Do you or your financial professionals have legal or disciplinary history?
No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit for a free and simple research tool.

You can find additional information about our investment advisory services and request a copy of the relationship summary at 603-458-2776 or clicking the link provided

  • Who is my primary contact person?
  • Is he or she a representative of an investment adviser or a broker-dealer?
  • Who can I talk to if I have concerns about how this person is treating me?