The NorthStar Group Inc

Item 5: Fees and Compensation
    We charge client accounts a fee based on the value of assets held in each account. We charge these
    fees for ongoing and continuous investment management and supervisory services, and we maintain
    all of these accounts at Osaic or at Charles Schwab & Company with Osaic’s knowledge and consent.
    Fees are charged quarterly in arrears based on the average daily assets of their account during the
    previous quarter. With respect to accounts held at Osaic, Osaic will charge transaction fees to such
    accounts. With respect to accounts held at Schwab, Schwab will charge transaction fees to such
    accounts. Advisors at Northstar will not receive any portion of such brokerage commissions or any
    other charges that arise from trades that we place on behalf of our clients.

    Our firm often recommends Pershing as a custodian for client accounts. Other major custodians,
    including Schwab, have recently eliminated transaction fees for all ETFs and U.S. listed equities, so
    clients may pay more for investing in those securities at Pershing.

    We may choose in a small number of cases to work with clients who will be charged a flat fee or
    hourly, monthly, or quarterly fee for financial consulting services. These clients are under no
    obligation to implement transactions through associates of Osaic Wealth, Inc.

    Disclosure with respect to Rule 12b-1 fees and certain other fees related to purchases of
    mutual fund shares:

    Our clients and prospective clients should be aware that “no-load” mutual funds as used in the
    context of this document refer to mutual funds with no front end or deferred sales charge payable to
    Osaic Wealth and the associates of The Northstar Group, Inc. These funds include funds which are
    popularly referred to as “pure no-load”; in other words, they pay no sales commissions or
    promotional fees of any kind to brokers and advisors. Beyond these funds, we also include in the “no
    load” category funds that otherwise have such sales charges but are purchased and sold by our clients
    at net asset value without any sort of sales charges. Now for the hard part: Sales charges are not the
    only expense that investors have to pay. They may be the easiest to see, but they are not the whole
    story.

    Both load and no-load mutual funds charge shareholders certain fees and expenses that are separate
    and apart from any advisory fees charged by us. A complete explanation of such fees charged by
    mutual funds is contained in each mutual fund’s prospectus. These charges vary widely, and we
    consider them as important factors in constructing long-term portfolios.

ADV Part 2A – Firm Brochure                       Page 5                                  The Northstar Group, Inc.

    In addition to sales charges for load mutual fund shares, our clients pay certain transaction charges
    to Osaic or Charles Schwab & Co. for purchases and sales of both load and no-load mutual fund shares.
    Such fees are separate and apart from advisory fees paid to us. In many client accounts, we utilize
    systematic purchase programs which do not impose transaction charges. We view these as financially
    and behaviorally appropriate for many of our clients.

    In some cases, mutual funds pay annual distribution fees authorized under rule 12b-1 of the
    Investment Company Act of 1940, as amended ("12b-1 fees"). Such 12b-1 fees come from mutual
    fund assets, and thus are indirectly paid out of client assets. Few such funds remain for Northstar’s
    clients. In the event that these funds transfer in, they are converted to the lowest cost share class
    available. To the extent that there are any 12b-1 fees, they are credited to client accounts and not
    received by Northstar and its advisors.

    We have no plans to offer seminars in the foreseeable future. However, if these plans change, fees
    may be charged for these services.

    Fees for initial consultation with a client and the client's other advisors, as well as modifications of a
    client's portfolio management plan and additional meetings with client's other advisors, are $500 per
    hour. Such consultation fees are in addition to, and not credited against, advisory fees charged for
    ongoing account supervision and management. We attempt to send out bills for these services as
    soon as practical after the consultation.

    We typically charge an annual ongoing and continuous account supervision and management fee
    based on a percentage of assets under management (an "asset-based fee"). The upper limit of these
    fees is 1.25%. We bill our clients quarterly in arrears, based on the average daily assets of the client’s
    account (net of any trade debits) during the previous quarter. Unless otherwise agreed to in writing,
    our fees will be assessed on cash and cash equivalents. When we open an advisory account, each
    client authorizes the custodian of their account, by executing our client advisory agreement, to
    deduct their investment advisory fees directly from their account. These fees, based upon their
    agreements with us, are paid to us through Osaic Wealth’s/Charles Schwab’s compensation system.

    There may be a small number of instances where clients will be charged a flat, hourly, monthly, or
    quarterly fee for our financial consulting services. We bill those clients directly for these services,
    since we do not have any discretion or control over their investment portfolios.

    In most circumstances, for business reasons, all of the above-mentioned fees may be negotiable.

    A client advisory agreement may be terminated by either the client or us at any time, for any reason,
    upon receipt of five day's written notice by the other party. Upon termination of any account, any
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Item 7: Types of Clients & Account Requirements
    We have the following types of clients:

         •    Individuals and High Net Worth Individuals;
         •    Trusts, Estates, or Charitable Organizations;
         •    Pension and Profit Sharing Plans;
         •    Corporations, Limited Liability Companies, and/or other business types.