Northern Trust Investments, Inc

CRD#105780
Investment Advisor Firm

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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.

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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 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.

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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

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

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    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

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

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This content was compiled from the SEC and FINRA