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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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Trust and Estate

 
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Fulfill your life’s goals today and tomorrow

Trusts are flexible tools that can help ensure your hard-earned success is preserved, protected and transferred as you intend. As a leader in trust and estate services, we administer a broad array of trusts to meet your unique goals for today and tomorrow.

With your priorities as our guide, we create sophisticated wealth transfer strategies that allow you to maintain your current lifestyle while providing for your loved ones and giving to the community.

Services tailored to meet your needs

You can count on our professionals to conscientiously administer your trust according to your unique objectives, such as:

  • Maintaining your current lifestyle
  • Creating a legacy for the benefit of your loved ones
  • Protecting your assets from excessive taxation as well as unexpected health, personal and business risks

Among our services:

  • Wealth transfer planning
  • Custom trust solutions
  • Trust administration
  • Estate settlement services
  • Guardianship services

We can act as sole trustee, co-trustee or successor trustee — depending upon your preference. The trustee accepts legal responsibility for carrying out the terms of the trust and performs many or all of the following responsibilities:

  • Accounting and reporting
  • Investment management
  • Securities custody
  • Tax-related responsibilities

Count on Northern Trust to provide proactive, expert advice to help you navigate the complex and often emotional decisions that come with providing for your — and your loved ones’ — future.

Online Services through Private Passport®

Northern Trust has transformed traditional online banking into a broad online wealth management suite for all your accounts, all in one convenient place. Built for ease of use, Private Passport's tools accomodate those looking for simplicity as well as those with complex financial portfolios.

R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
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R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
 

R. Hugh Magill is an Executive Vice President of Northern Trust Corporation, Chicago, where he serves as Chief Fiduciary Officer and Global Director of Trust Services. In this capacity he is responsible for Northern’s fiduciary services to clients nationally and internationally.

Prior to joining Northern Trust in September, 1989, Hugh practiced law privately in Chicago, and worked in the Trust Department at The First National Bank of Chicago where he served as Assistant to the Chief Investment Officer.  Magill received a B.A. degree, cum laude, from St. Olaf College in Northfield, Minnesota, and a J.D. degree from the University of Minnesota Law School, where he was named a distinguished alumnus in 2005.

Hugh is a member of the Chicago, Illinois and American Bar Associations, the Chicago Estate Planning Council, and the Christian Legal Society.  He is licensed to practice law in Illinois and Minnesota and admitted to practice before the United States Tax Court.  He is a faculty member of the American Banker’s Association  National Trust School and has lectured for the American College of Trust and Estate Counsel, The Heckerling Institute, The Notre Dame Institute, the Northwestern University Center for Family Enterprise, regional bar associations and estate planning councils, and Northern Trust on estate and charitable planning, trust management, family governance, and fiduciary risk management.

He is a trustee of the Covenant Board of Pensions and Benefits, and he serves on the Boards of the Block Museum of Art, Ministry Mentors, The Chicago Sunday Evening Club, several foundations, and serves as a member of the Dean's Cabinet for the Generations Capital Campaign for the University of Minnesota Law School.  He serves on the Editorial Board of Trusts & Estates magazine, the executive council of the Trust Management Association, and has authored articles for Trust & Estates, Trust & Investments, and Wealth magazines.

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Invest Like a Tech Tycoon

This Barron's Penta cover story highlights how leading private banks such as Northern Trust serve Silicon Valley’s elite.
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Values Driven Estate Planning

Values Driven Estate Planning

Focusing on your values and goals can help establish what matters to you most.
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Northern Trust Wealth Path App

Wealth Path App For iPad

Gain access to value-added articles, videos and other content tailored to your wealth management goals and objectives.
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