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Address your objectives with our proven strategies
Northern Trust’s financial professionals can help corporate executives address cash flow and liquidity needs, single stock concentration, retirement planning, insurance and risk management; provide sophisticated investment management solutions to diversify your portfolio; develop a tax-advantaged wealth transfer plan and help assist you in answering your concerns about your financial future.We understand that your career affords you little time for managing your finances. At Northern Trust, we can work with you to navigate the intricate compensation packages and personal financial issues specific to senior corporate executives, putting an integrated financial plan in place that is designed to help meet your needs today, and well into the future.
The Situation
Just five years from retirement, our clients, both senior executives, faced some pretty weighty issues. Both husband and wife owned a great deal of stock in their respective companies. The stock concentration put them at risk, and the time had come to diversify. They were also interested in sitting down with an expert on retirement and estate planning.
Customized, integrated solutions
Working with us, the couple was able to clarify and prioritize their goals and gain a detailed understanding of their compensation, benefits and overall personal financial picture. Using this information, we developed a wealth plan intended to:
- Maximize their corporate benefits while minimizing tax implications
- Address their single-stock exposure and divest these concentrated holdings in a tax-advantaged manner
- Use some of the proceeds to implement a customized asset allocation strategy designed to meet their long-term retirement income requirements
- Fund a tax-efficient charitable trust using low-basis company stock and working with Northern Trust’s philanthropic services team
Our Services
Investing
We combine expert proactive advice, a broad array of capabilities and advanced technology to tailor a sophisticated strategy to help you achieve your financial goals.
Trust and Estate
Draw support and expertise from a team of highly experienced professionals to help create a dynamic estate plan consistent with your goals and needs.
Banking
The expansive banking services we offer provide an ideal complement to your wealth management strategy.
Financial Planning
Based on your unique objectives and priorities, we develop an integrated financial plan to help you achieve your short- and long-term goals.
Philanthropy
We can help you develop an effective charitable giving strategy that can reinforce your family values and perpetuate your vision for years to come.
Family Office
We are dedicated to providing innovative, flexible financial solutions to families of substantial wealth and the family offices that serve them.