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North Star Resource Group named a WealthManagement Corporate Social Responsibility award finalist for commitment to giving back

MINNEAPOLIS June 13, 2024 — North Star Resource Group was announced today as a finalist for the Corporate Social Responsibility award from WealthManagement, which delivers independent editorial expertise and financial services marketing solutions to over 435,000 financial professionals.

The Corporate Social Responsibility Award recognizes firms that demonstrate a commitment to giving back to members of their community and creating meaningful, lasting change.

“It is a great honor to receive this recognition from WealthManagement,” stated Ed Deutschlander, CLU®, CLF, CEO at North Star. “North Star’s purpose is changing lives, forever and we strive to do that in ways beyond financial advising, through meaningful community outreach.”

North Star received this recognition thanks to its dedication to giving back to the community, which is largely facilitated through the Scott Richards North Star Foundation. Founded in 2004, the foundation pledges to donate 10 percent of North Star’s annual profits to local and national charitable organizations. To date, it has donated more than $6.8 million, with those funds supporting causes such as ataxia, breast cancer, cystic fibrosis and myelofibrosis.

Beyond charitable donations, North Star supports a wide array of organizations dedicated to improving the lives of others. One such example is through BestPrep, a Minnesota-based nonprofit providing financial literacy and career readiness programming for local students. In the last year, 75 North Star advisors and team members have worked with 149 students through BestPrep’s eMentors program, with many others also participating in their Classroom Plus and Financial Matters programs.

North Star is also a longtime supporter of Stop Alzheimer’s Now, an organization founded by Shaun McDuffee, AEP, CLU, ChFC®, CEPA, a North Star senior vice president and the founder and president of Twin Oak Advisors. Shaun and his wife, Kristin, established Stop Alzheimer’s Now in 2013 to raise funds for Alzheimer’s research and awareness. With North Star’s help, Stop Alzheimer’s Now has raised nearly $750,000 and has helped fund research projects at the University of Kansas and Temple University, where it is also funding two endowed chairs for research.

“It is an honor to be recognized for our community involvement,” stated Mary Claire Wente, supervisor, client and customer services at North Star. “We hope to empower individuals to be thought leaders and make generational change through mentoring and financial wellness education. Giving back is deeply important to us—it is part of our values and our mission of Changing Lives Forever.”

Another long-held cause North Star supports is the Bikes for Kids event, which has been hosted by the Scott Richards North Star Foundation since 2004. Each December, Bikes for Kids hosts a holiday party for local children and their families, with each child being surprised with a brand-new bicycle and helmet before the party concludes. Most recently, the foundation worked with the United Heroes League to connect bikes with the families of deployed service members.

Most recently, North Star has begun collaborating with the Jeremiah Program, a national organization dedicated to disrupting the cycle of poverty for single mothers and their children. North Star hosts recurring financial wellness seminars with the mothers at the Jeremiah Program, which equips them with the financial skills they need to be successful.

“Working with local community organizations is crucial to the North Star purpose,” added Deutschlander. “It allows us to continue expanding our positive reach and living our purpose of bettering the communities we live in and serve.”

North Star will be honored alongside the other award finalists at the WealthManagement Industry Awards ceremony on September 5, 2024, in New York.

To learn more about how North Star gives back to members of the community, visit www.northstarfinancial.com/company/giving-back.

About WealthManagement
WealthManagement delivers independent editorial expertise and proven financial services marketing solutions for measurable ROI. Over 435,000 financial advisors and wealth professionals rely on WealthManagement information, editorial insight and analysis to assist them in their client activities to improve practice management and gathering of assets. To learn more about WealthManagement, visit www.wealthmanagement.com.

About North Star Resource Group
North Star Resource Group is a Minneapolis-based financial services firm that provides both individuals and businesses with the resources to help create, preserve, and protect their wealth. North Star has more than 192 full-time advisors and over 178 employees. In a network of 42 offices in over 20 states, they have contributed to the financial security and well-being of over 140,000 individuals and small businesses**. To learn more about North Star Resource Group, visit www.northstarfinancial.com.

**Data as of December 2023

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If you would like more information about this topic, please call Ian Rich at 612.617.6076, or email him at ian.rich@northstarfinancial.com.

North Star Resource Group was a finalist for the 2024 Wealthmangement.com Industry Awards in the category of “Corporate Social Responsibility” for their Financial Literacy Initiatives. The Wealthmanagement.com Industry Awards are independently granted in recognition of business initiatives that enhance financial advisor success and help advisors create better outcomes for their clients. The program begins with an open nomination process for all categories which extends from February to May. Firms submit business initiatives either introduced or enhanced during the previous 18 months. Submissions are reviewed in June by a panel of independent judges with required industry expertise, looking at the submission’s innovation, scope and impact. From the pool of submissions, judges select two to 10 finalists for each category. Each judge on the committee then ranks those finalists, with the weighted aggregate ranking determining the winner. Winners are announced in September. Judges’ decisions are made independent of any firm’s business relationships with Informa Plc. Judges recuse themselves from the process from selecting finalists or winners for any category where the conflict exists. Listing in this publication and/or award is not a guarantee of future investment success. This recognition should not be construed as an endorsement of the financial professional by any client. No compensation was provided directly or indirectly by the recipient for participation or in connection with obtaining or using the third-party rating or award.
The charitable entities and/or fundraising opportunities described herein are not endorsed by or affiliated with Cetera advisor Networks LLC or its affiliates. Our philanthropic interests are personal to us and are not reviewed, sponsored or approved by Cetera.