James Broom
James Broom is a registered investment advisor at Northstar Wealth Management, INC., based in Bloomington, MN, with 28 years of industry experience. James operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 121 clients with $72M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.90% |
| $3.0M - $5.0M | 0.80% |
| $5.0M - $7.5M | 0.70% |
| $7.5M - $10.0M | 0.50% |
| $10M+ | 0.50% |
Fees are negotiable for accounts over $10,000,001. NWM also offers NorthStar TechEdge Service with a different fee schedule: $0 - $1,000,000: 0.5%, $1,000,001 - $3,000,000: 0.4%, $3,000,001 - $5,000,000: 0.3%, $5,000,001 - $7,500,000: 0.25%, $7,500,001 And Up: 0.15%. NWM also offers cash management brokerage accounts with a 0.15% annual fee, health savings brokerage accounts, personal choice retirement accounts, advisory annuities, and advisory 529 accounts, each with a 0.25% annual fee.
Fee Estimator
Location
7760 France Avenue South, Suite 155, Bloomington, MN, 55435
Get directionsHistory
Regulatory History (2)
Regulatory
May 2018Regulatory
May 2011Other Business ActivitiesSells Insurance
James is the CEO of Northstar Wealth Management, Inc., dedicating about a quarter of his time to investment advisor services. He is also a Certified Divorce Financial Analyst at Divorce Strategies Group, Inc., spending about 10-20% of his time on financial analysis and expert witness services, and an agent at PKS Financial selling fixed/traditional insurance products, dedicating about 10-20% of his time.
Employment History
Current Registrations
Northstar Wealth Management, INC.
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Triad Hybrid Solutions, LLC
Triad Advisors LLCBroker
Wells Fargo Advisors Financial Network, LLC
Wells Fargo Advisors Financial Network, LLCBroker
Linsco/private Ledger CORP.
Linsco/private Ledger CORP.Broker
Wachovia Securities, INC.
Wachovia Securities, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.