x
Your preference has been saved. Remove your saved preference.
You must supply both a username and a password to login.
You must supply a username, password and token to login.
Sign on
Passport secured login icon  
 
Wealth Management
Asset Management
Asset Servicing
Insights & Research
About Northern Trust
Search go
Click to close drop down menu.
 
Click to close drop down menu.
Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
Click to close drop down menu.
 
Northern Trust Logo
 

Northern Trust Press Release

 
.
 
 
 
 
 
 
 
 
.

Northern Trust Acquires Waterline Partners

 

Northern Trust Strengthens Presence on U.S. West Coast

 

Chicago, December 01, 2010 —

Northern Trust (Nasdaq: NTRS) announced today that it has acquired Waterline Partners, LLC, a top-ranked Los Angeles, Calif., investment advisory firm serving affluent individuals and families. Terms of the agreement were not disclosed.

"We are delighted to announce a strategic acquisition that will bolster both our West Coast presence as well as our capabilities for clients," Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. "Waterline is highly regarded for its holistic approach to wealth management, making it an excellent fit with Northern Trust's client-focused investment strategies."

Joining Northern Trust is Waterline's founder, chief investment officer and managing partner, Jeffery Coyle, and the entire Waterline team. Waterline has $807 million in assets under management.

"Waterline has developed a strong reputation for designing custom investment portfolios that balance clients' needs for growth, income and preservation of capital," said Sherry Barrat, president of Northern Trust's Personal Financial Services business unit.  "We are pleased to welcome the clients, partners and staff of Waterline to Northern Trust." 

"I am thrilled to join Northern Trust along with the Waterline team, and also to bring Northern Trust's deep resources and fiduciary expertise to our clients," Coyle said. "We are very excited to offer our clients Northern Trust's full range of banking, investment management and trust services."

As of September 30, 2010, Northern Trust's Personal Financial Services business unit had assets under management of $149 billion and assets under custody of $349 billion.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2010, Northern Trust had assets under custody of US$3.9 trillion, and assets under investment management of US$657.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

###

 
 
.
 
 
 
 
 
 
 
.