We understand the unique needs of LGBT individuals or same-sex couples and have the knowledge and experience to help you focus on achieving your life’s goals. Our financial experts have years of dealing with the special considerations of LGBT individuals and nontraditional families, from co-owned or commingled assets in civil unions, domestic partnerships or marriages to relationship dissolutions, death of a partner, and complex family dynamics.
While success can bring added financial complexity – especially when certain tax advantages and legal rights afforded to others are simply unavailable to you – Northern Trust can help you clearly navigate a path to achieving your financial goals.
United States v. Windsor
The June 26, 2013 Supreme Court ruling in United States v. Windsor means the U.S. Government must now recognize married same-sex couples for the purposes of federal laws and programs.
Meeting with Northern Trust financial professionals helped our client clarify both his immediate and long-term goals. Financial security for his partner was the priority, but he also wanted to make his partner’s daughter his successor in the business, support his favorite charities during his lifetime and minimize his wealth transfer taxes. Our team of experts devised an integrated wealth management strategy driven by the clients’ objectives. We assisted by:
Mark Braun, Vice President, is the National Practice Liaison for the LGBT & Non-Traditional Family Practice. Mark is responsible for bringing Northern Trust expertise and support to our LGBT clients and community organizations in the markets we serve. He also establishes partnerships with other client advisors, such as estate planning attorneys, accountants and realtors, who devote part of their practice to LGBT clients and concerns.
Prior to his current role, Mark was a Private Banker in the Wealth Advisory group where he focused on bringing sophisticated lending and depository solutions to successful families and individuals. Mark has been with Northern Trust for more than 30 years.
Mark holds his B.S. in Business Management from Oral Roberts University in Tulsa, Oklahoma.
Mark has affiliations with Lambda Legal, Point Foundation, AIDS Foundation of Chicago, Howard Brown, Chicago House, Equality Illinois, Center on Halsted, Victory Fund, Chicago Gay Men’s Chorus, Aqua Foundation for Women, Equality Florida, Horizons Foundation and the East Bank Club.
Mark is also on the Board of Directors for the Point Foundation, the country’s largest provider of college scholarships to LGBT Youth.
Mark also serves on the National Leadership Council for Lambda Legal.