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 from us. With our employees working remotely we have not encountered any interruption to service and you can still contact us at our normal email addresses and phone numbers.
Since we are operating under a remote status, we have had to enable our phone system’s automated attendant at all times rather than have a receptionist answer your calls at the Chicago office. You will need to dial an employee’s direct extension or utilize our employee directory function. All employee extensions are being forwarded to alternate phones of those team members.
PLEASE DO NOT PLACE TRADE INSTRUCTIONS IN VOICEMAIL AS THEY WILL NOT BE EXECUTED.
We realize these are difficult times for all of us. Please keep us updated and informed about any changes regarding your personal situation. We are here to help.
Important Information:
U.S. extends tax filing deadline to July 15:
The U.S. government will give individuals and companies an extra three months to file their 2019 tax returns, extending the deadline to July 15, 2020 amid the coronavirus outbreak.
Check with your State as most are also extending state filings.
IRA Contribution Information:
According to the IRS Code, contributions are considered to be made in a taxable year as long as they are made by the filing deadline. This would imply that contributions are OK until July 15th.
COVID-19 Information page:
We will continue to provide you updates such as these via email as warranted. Additionally, we have established a special page on our website with all notices posted, which can be viewed by clicking here.
Reminder of our safe practices for preventing Fraud:
- Be aware of suspicious phone calls, emails, and texts from persons you do not know asking you to send money or disclose personal information.
- Keep us informed regarding changes to your personal information.
- Expect us to call you to confirm email requests to move money, trade, or change account information.
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Please send your check deposits directly to the custodian of your brokerage account:
For deposit to NFS account:
National Financial Services
Attention: Check Processing
Mail Code: KY10
100 Crosby Parkway
COVINGTON KY 41015-4325
You must indicate the NFS account number on the front of the check. (this is your NTR#)
For IRA, SEP contributions you must indicate the year on the front of the check by the acct number.
If your check is not payable to NFS but made payable to you, you must write the account number on the front of the check. And on the back of the check it must be endorsed by you and you must write on the back “payable to NFS”.
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For Deposit to Fidelity Brokerage Account:
Overnight delivery:
Fidelity Investments
100 Crosby Parkway, Mailzone KC1H
Covington, KY 41015
US Mail:
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0074
You must indicate the Fidelity account number on the front of the check. (This is a 9 digit account number)
For IRA, SEP contributions you must indicate the year on the front of the check by the acct number.
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For Deposits to Charles Schwab Brokerage Account:
Charles Schwab & Co.,
Chicago Metro Team
1958 Summit Park Drive, Suite 500
ORLANDO, FL 32810-5936
You must indicate the Charles Schwab account number on the front of the check. (This is an 8 digit account number)
For IRA, SEP contributions you must indicate the year on the front of the check by the acct number.
All inquires should be directed to your North Star Advisor.
From our family to yours, please be safe and know that we are here to help in any way we can.