Northern Trust (Nasdaq: NTRS) announced today that its Goals Powered Solutions application received the 2014 CIO 100 Award by IDG's CIO magazine. The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
"We are delighted to have the Goals Powered Solutions application recognized as a CIO 100 honoree, which serves as further validation of the innovative ways Northern Trust is leveraging new technologies to transform wealth management," Northern Trust Wealth Management President Jana Schreuder said. "Northern Trust has made a significant investment in becoming the industry leader in delivering true Goals Driven Investing, and this technology ensures that the unique needs and goals of our clients drive portfolio construction."
Designed to support Northern Trust's Goals-Driven Investing approach, the Goals Powered Solutions technology enables advisors to create a specific asset allocation for each individual's personal and financial goals. The tool offers clients an interactive and collaborative investment experience grounded in the pursuit of their life goals and informed by their overall financial plan.
"For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & Events. "Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage."
Executives from the winning companies will be recognized at the CIO 100 Symposium & Awards Ceremony, to be held Tuesday evening, Aug. 19 at the Terranea Resort in Rancho Palos Verdes, California. Coverage of the 2014 CIO 100 Awards will be available in the August 1st issue of CIO magazine.
Northern Trust Wealth Management specializes in goals-based financial advice, offering clients insightful perspectives and creative thinking, backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers with $217 billion in assets under management as of March 31, 2014, and a wide network of wealth management offices across the United States and abroad. The Financial Times Group has named Northern Trust Best Private Bank in the USA for five consecutive years.
About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100. Complete coverage of the 2014 CIO 100 awards will be online at http://www.cio100.com/ on August 1, 2014 and in the August 1st issue of CIO magazine.
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 states, Washington, D.C., and 18 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2014, Northern Trust had assets under custody of US$5.8 trillion, and assets under investment management of US$915.4 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 CIO Magazine
CIO is the premier content and community resource for information technology executives and leaders thriving and prospering in this fast-paced era of IT transformation in the enterprise. The award-winning CIO portfolio - CIO.com, CIO magazine (launched in 1987), CIO executive programs, CIO custom solutions, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research - provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT's role in achieving business goals. Additionally, CIO provides opportunities for IT solution providers to reach this executive IT audience. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world's leading media, events, and research company. Company information is available at http://www.idgenterprise.com/.
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