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Wealth Management
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About Northern Trust
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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.
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Target Date Funds

 
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Enable Plan Participants to Save for Retirement Using a Range of Target Retirement Date Options

Target retirement date strategies should be driven by an asset allocation process that can adapt to changing market conditions. They should incorporate global and inflationary hedge asset classes to ensure proper diversification. Cost-effective implementation is key to our retirement date solution, and as such, we utilize a collective fund of funds structure.

Northern Trust offers the following target retirement date solutions to plan sponsors:

  • Northern Trust Focus Funds™. Each Northern Trust Focus Fund includes a diverse mix of investments in stocks, bonds and cash, as well as a selection of securities specifically chosen to reduce the corrosive effect that inflation can have on defined contribution plan assets over time.
  • Custom Target Retirement Date Solutions: Northern Trust offers a diversified menu of investment choices designed to minimize risk exposure and increase the chance of successful retirement.

Asset Allocation Framework*

Our asset allocation framework considers asset classes that are globally diversified, incorporating inflationary hedge asset classes in addition to a core allocation to stocks and bonds. 

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* Subject to change

Northern Trust Glidepath

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  • A more aggressive allocation is held initially as the glidepath targets growth in participants’ early years, when compounding is critical to wealth accumulation.
  • The roll down occurs linearly over a 35-year period to the income allocation, ten years into retirement at age 75.
  • Fixed income is included at every stage of our glidepath, fully embracing QDIA guidelines for diversification.

A Shared Vision

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Jim Danaher

Jim Danaher

Managing Director
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Jim Danaher

Jim Danaher

Managing Director
 

Jim Danaher is a Senior Vice President and Managing Director of Defined Contribution Solutions at Northern Trust in Chicago. His primary responsibilities include directing the structure, implementation and maintenance of investment products for defined contribution plans. This includes managing research to identify new investment products, enhancing existing offerings, including target retirement date investments, and developing new distribution strategies to the marketplace.

He serves as a conduit between investment teams that include portfolio management and investment strategy, and Northern Trust’s distribution groups. He is a member of the Northern Trust Defined Contribution Investment Policy Committee, which oversees the management of the Northern Trust Focus Funds, Northern Trust's flagship target retirement date series. He guides Northern Trust’s ongoing defined contribution research series, the Path Forward, and continually authors research on defined contribution plans for Northern Trust's Asset Management publication, Point of View.

Prior to joining Northern Trust in 2008, Jim was an investment advisor with Aon Investment Consulting. His primary responsibilities included the sales and support of investment policy development, fund evaluation and management searches, and investment education strategies for qualified retirement plans.

He has more than 20 years of experience in providing guidance to plan sponsors for their defined contribution programs. He has testified before the ERISA Advisory Council’s Working Group on Financial Literacy of Plan Participants and the Role of the Employer. He has worked with several large employers in the financial services, hospitality and telecommunications industries. His largest client engagement to-date involved a defined contribution program with more than 200,000 participants. Jim attended St. Louis University and has attained his FINRA Series 6 and 63 registrations. He is a member of the Defined Contribution Institutional Investment Association.

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Take the Path Forward

The Path Forward, our annual DC research series, explores topics at the forefront of DC plan design and offers actionable solutions plan sponsors can take - today and in the future - to help their participants achieve better retirement outcomes.
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Point of View
New look, new features - same great Point of View. Insights from Northern Trust and industry experts.
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Investment Products and Services are:

Not FDIC INSURED; May lose value; No bank guarantee

Securities products and services are sold by registered representatives of Northern Trust Securities, Inc. (member FINRA (FINRA), SIPC), a wholly owned subsidiary of Northern Trust Corporation.


Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.