Northern Trust Investments, Inc

CRD#105780
Investment Advisor Firm

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Overview

Northern Trust Investments, Inc is an advisory company headquartered in Chicago, Illinois. The company manages $902.7 billion in total assets across 41,219 client accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). The firm has a large group, including 194 financial advisors. Northern Trust Investments, Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, bonds and equities.

Northern Trust Investments, Inc oversees all of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without needing to seek the client's consent. The investment advisory firm supervises about $21.9 million in assets for every customer account. The average financial advisor at Northern Trust Investments, Inc oversees about 212 client accounts.

The firm's headquarters is located at 50 S Lasalle Street, Chicago, Illinois 60603-1008. It is permitted to provide services to customers throughout 51 U.S. states and territories.

Assets Under Management

$902.7 billion

Number of Advisors

194

Disclosures

No

Office Location

50 S Lasalle Street
Chicago, IL 60603-1008

Northern Trust Investments, Inc by the Numbers

Total Assets Under Management

$902.7 billion

National Average: $8.6 billion
Total Number of Employees

726

National Average: 64
Total Number of Accounts

41,219

National Average: 375,227
Average Account Size

$21.9 million

National Average: $23.0 thousand
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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. It does sell products or offer services different than investment advice to its customers. It is also affiliated with a number of 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 46% 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 20% 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 vary depending on which service is provided. Fees billed by the firm likely include the following fee types: asset-based, fixed, performance-based or other. The firm participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 32% 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

The firm manages money for a broad range of clients. Northern Trust Investments, Inc works with 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 41,219 clients, Northern Trust Investments, Inc's biggest client type is retail investors, although it also serves 11,003 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 26.69%
  • Other Individuals - 57.37%
  • Corporations - 11.95%
  • Charitable Organizations - 3.99%

* 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

Lauren Metaj
Chicago, IL
Emily Meyer
Chicago, IL
George Taylor
Chicago, IL
Alexander Mchenry
Chicago, IL
Erik Spano
Tempe, AZ
John Cullen
Chicago, IL
Elizabeth Longo
Grand Rapids, MI
John Abunassar
Chicago, IL
William Hurt
Chicago, IL

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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