Northern Trust Investments, Inc

CRD#105780
Investment Advisor Firm

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Learn more about Northern Trust Investments, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Northern Trust Investments, Inc is an advisory firm headquartered in Chicago, Illinois. The firm manages $872.9 billion in assets under management over 35,635 accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The company has a large group of 603 employees, one hundred thirty-five of whom are financial advisors. Northern Trust Investments, Inc is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as options, bonds and stocks.

    Northern Trust Investments, Inc manages all of its client assets in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without needing the customer's consent. The firm's average account size is $24.5 million. The average advisor at Northern Trust Investments, Inc manages around 264 client accounts.

    The company's main office is at 50 S Lasalle Street, Chicago, Illinois 60603-1008. The firm is permitted to serve customers across 51 U.S. states and territories.

    Assets Under Management

    $872.9 billion

    Number of Advisors

    135

    Disclosures

    No

    Office Location

    50 S Lasalle Street
    Chicago, IL 60603-1008

    Northern Trust Investments, Inc by the Numbers

    Total Assets Under Management

    $872.9 billion

    National Average: $3.7 billion
    Total Number of Employees

    603

    National Average: 29
    Total Number of Accounts

    35,635

    National Average: 2,073
    Average Account Size

    $24.5 million

    National Average: $1.8 million

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    Products and Services

    Northern Trust Investments, Inc offers a number of services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters and other services. It is engaged in selling products or offering services different than investment advisory services to its customers. The company is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 62% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 4% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees vary depending on which services the firm provides the client. Fees charged by the firm likely are comprised of the following fee types: asset-based, fixed, performance-based or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 74% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 17% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 40% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 12% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 35% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 2% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The company manages money for a number of different customers. The firm provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, insurance companies, sovereign wealth funds and corporations. Out of its 35,635 accounts, Northern Trust Investments, Inc's largest client is high net worth investors, although it also manages money for 26,525 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 74.44%
    • Other Individuals - 17.98%
    • Corporations - 6.6%
    • Charitable Organizations - 0.99%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Northern Trust Investments, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Northern Trust Investments, Inc

    James Thompson
    Tempe, AZ
    John Faron
    Stamford, CT
    Hunter Knapp
    Chicago, IL
    Michael Burdeen
    Chicago, IL
    Louis Kafkes
    Chicago, IL
    Paul Kubasiak
    Chicago, IL
    Erik Spano
    Tempe, AZ
    William Thomas
    Chicago, IL
    Kenneth Javor
    Chicago, IL

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    This content was compiled from the SEC and FINRA