Northern Trust and Mid Atlantic Trust Company announced today that Northern Focused Portfolios (NFP) model portfolios have been added to Mid Atlantic's ModelxChange Platform.
Mid Atlantic Trust Company provides access to a universe of more than 20,000 mutual funds and ETFs as well as trust and custody solutions for retirement plans and other accounts. The Northern Focused Portfolios are a series of active, passive and blended models created through tactically-weighted asset allocation of proprietary and non-proprietary mutual funds and ETFs which seek to emphasize consistent and competitive performance while managing volatility and risk.
"We are delighted to partner with Mid Atlantic Trust to offer our proprietary NFP investment models to their more than 12,000 retirement plan advisors," said Eric Schweitzer, Managing Director of Northern Trust's Direct Intermediary Distribution business. "We believe these products will be an asset to plan sponsors and their participants as the models address a range of investment goals and objectives with a focus on risk management."
Northern Trust's asset management arm offers a broad spectrum of investment products and solutions and has more than $800 billion in assets under management. As a multi-capability asset manager, Northern Trust combines alpha and beta strategies to effectively build targeted investment solutions across the risk spectrum designed to meet a variety of specific client goals.
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 June 30, 2013, Northern Trust had assets under custody of US$5.0 trillion, and assets under investment management of US$803.0 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 or follow us on Twitter @NorthernTrust.
About Mid Atlantic Trust Company
For more than 25 years, Mid Atlantic Capital Group, Inc.(www.macg.com) has supported investment professionals and financial organizations with tools to help attract, grow, and retain assets. The Mid Atlantic companies provide a broad array of sophisticated financial products, technology and support services to registered representatives, investment advisors, and other financial intermediaries including retirement plan TPAs, bank trust departments, independent broker-dealers, and insurance companies. Mid Atlantic Trust Company specializes in the trust and custody of retirement plans, with over 35,000 sponsors now relying on their expertise in safekeeping and transaction processing.