Northern Trust Investments, Inc

CRD#105780
Investment Advisor Firm

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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

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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 47% of firms

    Portfolio Management

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

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    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.

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    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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