Northern Trust Investments, Incorporated is a large advisory firm based in Chicago. It manages $806.62 billion of regulatory assets for 35,793 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Northern Trust Investments, Incorporated provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and model portfolio provider, investment research,index provider, transition and overlay management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northern Trust Investments, Incorporated is $806.62 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and $124.76 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Northern Trust Investments, Incorporated for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lloyd Arno Wennlund is pooled investment vehicles with 369 clients and $356.19 billion of assets under management. Among the 12 most similar advisory firms, Northern Trust Investments, Incorporated has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $801.98 billion for 35,790 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Northern Trust Investments, Incorporated also advises several private funds. Namely, nine other private funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 573 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Lloyd Arno Wennlund has been acting as President since 1 May 2000. Maya Georgieva Teufel joined the executive team most recently as the Senior Vice President/ Chief Compliance Officer.
The principal office where Northern Trust Investments, Incorporated performs its advisory services is located at 50 S Lasalle Street, Chicago, IL 60603 1008, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-630-6000. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at northerntrust.com.