Important News Regarding Covid-19

North Star Weekly Update 5.7.2020

NORTH STAR ANNOUNCES NEW ADDITIONS TO TEAM We are excited to announce two new members to North Star. Eric Papenhagen and Harry Petruleas each have over 20 years of serving the financial needs of families. They will be joining the North Star Family Office, which provides a wide range of services, including: • Asset Allocation & Investment Oversight • Retirement, Tax and Insurance Planning • Cash Flow Analysis, Budgeting and Bill [...]

2020-05-08T15:47:11-05:00May 8th, 2020|

North Star Weekly Update 4.30.2020

NORTH STAR OFFERS FREE FINANCIAL COUNSELING TO THOSE IN NEED We appreciate the people who support our lives right now - first responders and hospital workers, food preparers and deliverers, city workers who keep our city going, teachers conducting classes online, and the myriad of others who are on the front lines in the battle with COVID-19. At North Star, we would like to do our part too by offering free [...]

2020-04-30T12:29:16-05:00April 30th, 2020|

North Star Weekly Update 4.23.2020

While many are using this unique time to reflect and evaluate, this may be an appropriate time to review existing life insurance policies. Whether life insurance is for personal reasons, such as: Family or income protection Estate planning Wealth accumulation …or business purposes, funding: Buy sell agreements Key person protection Succession planning Deferred compensation programs …policies should be regularly reviewed. As life changes, coverage should be evaluated. Depending on when a [...]

2020-04-30T12:26:45-05:00April 30th, 2020|

North Star Weekly Update 4.16.2020

Reminder regarding 1st Quarter Performance Reports: We are suspending mail copies of this Quarter’s Performance Reports. If you would like to receive an electronic version of your report, please let us know. For those who receive these reports electronically, you will be receiving notification next week when they are posted to your portal. Monthly statements from your custodian will continue to be issued. ____________________________________________________________________________________________________________ It has been said that people spend [...]

2020-04-16T14:31:29-05:00April 16th, 2020|

North Star Weekly Update 4.9.20

North Star will be closed on Friday, April 10, 2020 In recognition of Good Friday, April 10, 2020, all domestic equity and bond markets, as well as North Star, will be closed. The bond market will also close at 2:00 PM ET on Thursday, April 9. Please note that the banking system is open on Good Friday. Money Movement: - No outbound cashiering items (checks, wires, EFTs) will be processed on [...]

2020-04-09T11:27:11-05:00April 9th, 2020|

North Star Weekly Update 4.2.20

April 2, 2020 As you know, our offices are closed and all North Star employees are working remotely. We have not encountered any interruption of services and we can still be reached at our normal phone numbers and email addresses. As a reminder, PLEASE DO NOT PLACE TRADE INSTRUCTIONS IN VOICEMAIL AS THEY WILL NOT BE EXECUTED. Please keep us updated and informed about any changes regarding your personal situation. We [...]

2020-04-03T14:51:17-05:00April 3rd, 2020|

North Star Covid-19 Update 3.25.20

To our Valuable Clients and Friends, as you most likely know on Friday, March 20th, Illinois Governor Pritzker issued a "stay at home" order for the entire state. Complying with this order, North Star employed our Business Continuity Plan and instructed all employees to work in a remote capacity for their safety. During this time we are continuing to focus on providing the superior client service you have come to expect [...]

2020-03-25T16:40:56-05:00March 25th, 2020|

North Star Covid-19 Coronavirus Update 3.13.2020

To safeguard our employees from the coronavirus outbreak, we have asked our employees to work from home as a precautionary measure.  Effective today, Friday March 13, we will not be working in the office. We will still have uninterrupted access to email, and we can still be reached by calling us at our office numbers. Callers who call the main line will be asked to press 1 for the directory and [...]

2020-05-08T15:49:44-05:00March 13th, 2020|

North Star Coronavirus Preparation

Due to the recent and growing concerns regarding the spread of COVID-19 (Coronavirus) we wanted to assure you that we are taking extra steps to keep our staff and visitors to our office safe and healthy. Currently, the risk to residents in Chicago still remains low even though the governor has declared a state of emergency in the State of Illinois. Since the precautionary COVID-19 measures are beginning to impact daily [...]

2020-03-25T07:53:53-05:00March 10th, 2020|

Special Market Commentary 2.28.20

Concerns over the coronavirus have led to the fastest correction in stock market history. As of the opening of trading Friday morning the S&P 500 has declined from 3393 to 2880, or over 15%, from the all-time record high set last Wednesday. Meanwhile the yield on the Ten-Year Treasury has set record lows at 1.17%. This decline is painful and this outbreak unnerving, however it remains important to keep things in [...]

2020-02-28T16:16:28-06:00February 28th, 2020|