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 operates as an advisory company based in Chicago, Illinois. The company handles $1.2 trillion in total assets across 41,517 client accounts, making it one of the biggest financial advisory firms in the United States by assets under management (AUM). The company has a large group, including 171 financial advisors. Northern Trust Investments, Inc is not a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like equities, bonds and options.

    Northern Trust Investments, Inc manages all of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without needing the client's authorization. The advisory firm manages about $28.4 million for every account. The average financial advisor at Northern Trust Investments, Inc oversees about 243 client accounts.

    The firm's central office is located at 50 S Lasalle Street, Chicago, Illinois 60603-1008. Northern Trust Investments, Inc is registered to serve customers across 51 U.S. states and territories.

    Assets Under Management

    $1.2 trillion

    Number of Advisors

    171

    Disclosures

    No

    Office Location

    50 S Lasalle Street
    Chicago, IL 60603-1008

    Northern Trust Investments, Inc by the Numbers

    Total Assets Under Management

    $1.2 trillion

    National Average: $9.0 billion
    Total Number of Employees

    550

    National Average: 71,771
    Total Number of Accounts

    41,517

    National Average: 4,329
    Average Account Size

    $28.5 million

    National Average: $2.1 million

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    Products and Services

    Northern Trust Investments, Inc provides a number of services, which can consist of 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. The firm does sell products or offer services other than investment advisory services to its clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and commodity pool advisor.

    Core Advisor Services

    • Find a firm that offers this service

      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 47% 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 21% 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 3% 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

    Fees for financial management are based on which services the firm provides the client. However, fee types charged by the firm most likely are comprised of any combination of the following fee types: asset-based, fixed, performance-based or other. The company participates in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 70% 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 26% 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 33% 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 10% 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 21% 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 1% 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 0% 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

    Northern Trust Investments, Inc does business with a broad range of investors. Northern Trust Investments, Inc provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 41,517 clients, Northern Trust Investments, Inc's largest client type by number of accounts is retail investors, although it also serves 13,662 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 5% of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 32.91%
    • Other Individuals - 50.83%
    • Corporations - 12.37%
    • Charitable Organizations - 3.89%

    * 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

    John Babnik
    Chicago, IL
    George Taylor
    Chicago, IL
    Douglas Brown
    Chicago, IL
    Justin Gutwald
    Chicago, IL
    Michelle Morley
    Tempe, AZ
    Matthew Gawlowski
    Tempe, AZ
    Elizabeth Longo
    Grand Rapids, MI
    William Hurt
    Chicago, IL
    Emily Meyer
    East Greenwich, RI

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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