Core values of growth, service, gratitude, responsibility, integrity and faith define our firm and our work. Reflective of these values, giving back to our communities has always held a significant place in the framework of our firm.
North Star Resource Group established a foundation in 2004 in order to maximize charitable contributions as a firm and support causes close to the North Star team. The foundation was renamed the Scott Richards North Star Foundation in 2008, after the death of former president Scott Richards. Since 2004, North Star has donated 10% of profits annually to the foundation, which has contributed over $5 million to the communities in which we live and work in. In addition, the foundation supports the volunteerism and giving efforts of advisors and team members by providing an internal matching gift program.
The Scott Richards North Star Foundation has six selected causes as its focus: Alzheimer’s disease, ataxia, Bikes for Kids, breast cancer, cystic fibrosis and myelofibrosis.
Scott Richards, CLU, ChFC entered the financial services industry in 1986 and enjoyed a successful career as a financial advisor to business owners and other affluent individuals. In 1994, Scott joined the North Star management team as Vice President, in which his key roles included sales and marketing initiatives as well as business-to-business marketing and advisor recognition programs. He was a member of the International Association of Financial Planners (IAFP), the National Association of Insurance and Financial Advisors (NAIFA) and was President-Elect of GAMA International.
Scott and his wife Michelle were involved with various charitable organizations, such as Feed My Starving Children, with their children Lauren and Nicolas. He was a graduate of the University of Minnesota, where he played for the Golden Gopher Varsity Football team. Tragically, Scott lost a long and valiant battle with Myelofibrosis and Acute Myeloid Leukemia in 2008, but his legacy is carried on as a result of his philanthropy and compassion for others, as well as his lasting influence within the financial industry. Following his death, the North Star Foundation was renamed the Scott Richards North Star Foundation, which continues to honor Scott’s legacy today.