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South Africa
१९९६ (30 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Northstar Asset Management
Company Information
Get to know Northstar Asset Management
Founded in the 1990s, Northstar Financial Services (Bermuda) Ltd. operated as an offshore asset management and insurance company based in Bermuda. It specialized in providing fixed-rate and variable-rate annuity products and investment plans to international clients, with a significant number of investors from the United States, Latin America, and Asia. The company was acquired in 2018 by Greg Lindberg. In 2020, following legal and financial troubles involving its owner and an inability to meet its obligations to policyholders, the company collapsed. The Supreme Court of Bermuda placed it into liquidation, and it is currently being wound down by court-appointed liquidators from KPMG.
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