NorStar Financial of Plano, LLC

NorStar Financial of Plano is a fee-only investment adviser that provides investment supervisory services and financial planning for individual households and families, managing portfolios composed of mutual funds, ETFs, bonds, stocks, fixed income and publicly traded REITs. The firm emphasizes customized planning and portfolio construction for each client and offers implementation support when clients elect investment management.

The adviser typically begins by creating a written investment policy statement and constructs portfolios using modern portfolio theory, fundamental and top-down analysis, and a mix of strategic and tactical asset allocation, with periodic rebalancing. Accounts are reviewed at least quarterly, clients receive written and electronic performance reports, and the firm conducts annual review meetings and presentations.

Compared with many peers, NorStar is a very small advisory practice — led by a single principal and managing roughly $1.2 million in discretionary assets — yet its brochure discloses uncommon features for a firm of this size: it offers project-based work billed on an hourly basis and provides regular written/electronic communications and presentation-style client sessions. The principal’s background as a university lecturer and a CFP designee, together with stated willingness to address complex situations (cross-border assets, complex tax/estate needs, blended-family planning), suggests the firm places an emphasis on educational interaction and higher-net-worth or complex household engagements.