Item 5 – Additional Compensation .......................................................................................................... 19 Item 6 – Supervision ............................................................................................................................... 19 Northstar Financial Advisors LLC is an investment advisor registered with the United States Securities and Exchange Commission (“SEC”) and is a Limited Liability Company formed under the laws of the State of New York.
• The firm’s Managing Member and sole owner is Devinder Singh. Full details of my education and business background are provided in the Supplemental Brochure that accompanies this document.
• Northstar Financial Advisors was formed as a State Registered Investment Advisory Firms in New York on 4/3/2008 and has been registered as an investment adviser with the U.S. Securities and Exchange Commission since June 2010. General Description of Primary Advisory Services The following are brief descriptions of our primary services. A detailed description of our fee arrangements is provided in Item 5 – Fees and Compensation. Asset Management Services Northstar Financial Advisors provides asset management services defined as giving continuous investment advice to a client and making investments for the client as needed based on their individual needs. Through this service, we offer a highly customized and individualized investment program for clients. A specific asset allocation strategy and investment policy is crafted to focus on the individual client’s financial goals and investment objectives. We and our associated persons may provide asset management services through accounts maintained at a qualified custodian recommended by us or a qualified custodian selected by the client if requested. We typically recommend clients open accounts at Charles Schwab & Company, Inc. through the Schwab Institutional platform (collectively referred to as “Charles Schwab”). Client’s may select an alternative qualified custodian with the prior approval of Northstar Financial Advisors LLC. In all cases we will be granted trading authorization on your account. The client’s qualified custodian will maintain custody of all of the client’s funds and securities. Either party may terminate the agreement for Asset Management Services at any time. If services are terminated within five (5) business days of executing the Asset Management Services Agreement, services will be terminated without penalty and no fees shall be due. If services are terminated after the initial five day period, any fees due will be prorated and billed to client. In the event a client terminates services, termination shall be effective from the time we receive written notification or such other time as may be mutually agreed upon, subject to the settlement of transactions in progress and the final payment of any outstanding advisory fees. There will be no penalty charge upon termination. In the event we terminate the relationship, the agreement will be terminated on the seventh (7) day after written notification is delivered to the client or such time as may be mutually agreed upon, also subject to the settlement of transactions in progress and the final payment of advisory fees. Financial Planning Services We also provide advisory services in the form of financial planning services. Financial planning services do not involve the active management of client accounts, but instead focuses on a client’s overall financial situation. Financial planning can be described as helping individuals determine and set their long-term financial goals, through investments, tax planning, asset allocation, risk management, retirement planning, and other areas. The role of a financial planner is to find ways to help the client understand his/her overall financial situation and help the client set financial objectives. Clients that wish to utilize Northstar’s Financial Planning Services will be required to sign a Financial Planning Agreement and will receive financial planning services in the form of a written financial plan or consultation. Financial planning services are usually completed for each client prior to any changes being made to your current accounts or investment portfolio. Financial planning services vary with the individual needs of the client. Each client situation is unique; more complex issues will require increased levels of planning and preparation. For example, some clients may require services that include multiple topics of concern while other clients may receive services covering only one topic. Typically all clients will receive a written financial plan. In instances where clients do not want a written plan, we will provide our services

in the form of consultations in order to discuss financial planning issues. These consultations may be in the form of in-person meetings or on the telephone or other electronic communication methods. The complexity of your individual situation will determine the fee charged by Northstar Financial Advisors LLC and the type and amount if information provided to the client at the conclusion of the Financial Planning engagement. The scope of the Financial Planning Engagement including the fees to be paid by the client and expected outcome of the engagement will be included in the Financial Planning Services Agreement executed. Topics covered under financial planning services may include, but are not necessarily limited to, insurance planning, retirement planning, college planning, estate planning, asset allocation planning, and general investment planning. While financial planning services are prepared with the intention of the client implementing recommendations made within the plan through our asset management services, clients are not obligated to do so. Clients may select any investment advisor, broker/dealer, or financial institution to implement the recommendations contained within your financial plan. Financial planning services terminate upon presentation of the written plan or completion of the consultation services. The client may terminate financial planning services at any time by providing written notice to Northstar Financial Advisors LLC. If services are terminated within five (5) business days of executing the agreement, services will be terminated without penalty (no fees due and/or a complete refund of any fees paid in advance). After the initial five (5) business days, the client will be responsible for paying fees for the time and effort expended by us prior to receipt of notice of termination. A pro-rated refund or a pro-rated charge will be made to you, depending upon the time spent by us on services at the time notice of termination was received. We will provide a billing statement summarizing all charges and an explanation of the pro-rated refund due to the client or the pro-rated charges due from client. Specialization The firm specializes in providing individualized investment advice through its asset management services.
• Financial planning focusing on the following topics; long-term financial goals, tax planning, asset allocation, risk management and retirement planning.
• Investment Management specializing in selection of mutual fund portfolios.
• Investment Management specializing in selection of equities and fixed income investments.
• Investment Management specializing in a suitable asset mix of equities, fixed income, options, other general securities and mutual funds.
• Investment management services focusing on quantitative analysis, technical analysis, and fundamental analysis.
• Investment management focusing on long-term strategies, short-term strategies, short- selling techniques and market timing. Limits Advice to Certain Types of Investments We provide investment advice on the following types of investments.
• Exchange-listed securities (i.e. stocks)
• Securities traded over-the-counter (i.e. stocks)
• Foreign Issues
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Variable life insurance
• Variable annuities
• Mutual fund shares
• United States government securities
• Options contracts on securities We do not provide advice on options contracts on commodities, futures contracts on tangibles or intangibles, or interests in partnerships investing in real estate, oil and gas interests. When providing Asset Management Services, the firm will typically construct each client’s account holdings using mutual funds and equities to build diversified portfolios. It is not our typical investment strategy to attempt to time the market but we may increase cash holdings modestly as deemed appropriate, based on your risk tolerance and our expectations of market behavior. We may modify our investment strategy to accommodate special situations like: low basis stock, stock options, legacy holdings, inheritances, closely held businesses, collectibles, or special tax situations. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Participation in Wrap Fee Programs We offer services through both wrap-fee programs and non-wrap fee programs. A wrap fee program is defined as any advisory program under which a specified fee or fees not based directly upon transactions in a client’s account is charged for investment advisory services (which may include portfolio management or advice concerning the selection of other investment advisers) and the execution of client transactions. Whenever a fee charged to a client for services described in this brochure (whether wrap fee or non-wrap fee), we will receive all or a portion of the fee charged. Tailor Advisory Services to Individual Needs of Clients Our services are always provided based on the individual needs of each client. This means, for example, that you are given the ability to impose restrictions on the accounts we manage for you, including specific investment selections and sectors. We work with each client on a one-on-one basis through interviews and questionnaires to determine the client’s investment objectives and suitability information. Client Assets Managed by Northstar Financial Advisors LLC The amount of clients’ assets managed by Northstar Financial Advisors LLC totaled $45,163,215 as of December 31, 2023. $44,012,195 are managed on a discretionary basis and $1,151,020 are managed on a non-discretionary basis.