# North Star Wealth Management

North Star Wealth Management is an Asset Manager based in Naperville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Naperville, United States
- **Region:** North America
- **Address:** Naperville, IL, United States
- **Founded:** 2004
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** northstarwealthmgmt.com

## Regulatory record

- **CRD number:** 326664
- **SEC file number:** 801-128018
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/326664

## About

NORTH STAR WEALTH MANAGEMENT is an SEC-registered investment adviser since 2023. The firm manages approximately $169 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Financial Services

## People

- Eric S. Heitman — Founder, Managing Principal

## Questions

### Who runs investment decisions at North Star Wealth Management?

Founder and Managing Principal Eric Heitman chairs the investment committee and holds final decision authority for portfolio construction. Heitman also serves as the firm's chief compliance officer, a dual role that keeps investment governance and regulatory oversight under a single senior leader. The committee draws on LPL Financial's institutional research to evaluate manager selections and asset-class tilts.

### How does North Star Wealth Management source its clients?

Client acquisition primarily comes through local referral networks in DuPage County and greater Chicagoland, augmented by long-standing relationships with CPAs and estate-planning attorneys. The firm does not run large-scale digital marketing or national seminar programs. Its growth model depends on word-of-mouth among business owners and executives within its Midwestern geography.

### Does North Star operate as an independent RIA or under a broker-dealer umbrella?

It functions as a hybrid RIA whose advisory assets are custodied and partially supported through LPL Financial's corporate RIA platform. That structure provides North Star with research, trading, and compliance infrastructure while the firm retains independence over client acquisition, fee schedules, and financial-planning delivery. Heitman holds securities licenses through LPL as the registered broker-dealer of record.

### What asset classes does North Star typically include in client portfolios?

Portfolios generally span US and international equities through institutional mutual funds and ETFs, investment-grade and high-yield fixed income, and third-party alternative-investment products sourced via the LPL platform. Asset-allocation weightings are customized per household, with a tilt toward downside protection and tax sensitivity that reflects an older, wealth-preservation-minded client base.

### Does North Star manage proprietary funds or alternative investment vehicles?

No. The firm does not sponsor its own pooled vehicles, private equity funds, or direct-deal platforms. All alternative-investment exposure — when used — is accessed through LPL-vetted third-party products designed for accredited investors, including interval funds and non-traded REITs.

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- [DDELTA REAL ESTATE INVESTMENTS](https://altss.com/profile/ddelta-real-estate-investments)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/north-star-wealth-management

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