Northern Trust has been named "Best Private Wealth Manager" for firms with more than $5 billion in assets under management, by Private Asset Management, a financial services industry publication. Northern Trust is a leading provider of financial services for institutions, affluent individuals and families.
"Private Asset Management magazine selected Northern Trust for the award because of its expertise in the private wealth arena and its ability to provide clients with top of the line investment, wealth planning and servicing capabilities," Private Asset Management Managing Editor Kristen Oliveri said. "With close to $200 billion in assets in its wealth management business, Northern Trust is large, but the company's core values of service, integrity and expertise create a unique culture focused on helping every client achieve his or her goals."
Northern Trust has introduced an investment management approach that builds on the view that a client's specific goals should drive portfolio construction, and not the other way around. The approach represents the culmination of more than six years of research and development.
"We believe our goals driven investment approach is a logical way for investors to align their assets and risk preferences to match their specific goals," said Dave Blowers, Executive Vice President of Wealth Management at Northern Trust, based in New York City. "We are honored to receive this award, and are grateful to be recognized for the innovative methods and specialized strategies we employ on our clients' behalf."
The Private Asset Management Awards were presented at a Feb. 12 ceremony in New York City, where Northern Trust was nominated for eight different categories: Best Private Wealth Manager - over $5 billion; Best Private Wealth Manager - Client Service - over $5 billion; Private Banking - North America; Private Banking - Client Service; Private Banking - Innovation, Best Trustee Services, Best Multi-Family Office for Client Service; and Best Single Family Office Service Provider. A panel of independent industry experts selected the nominees and winners based on a number of qualitative and quantitative performance indicators.
Northern Trust is a premier wealth management firm that specializes in goals-based financial advice. We offer clients insightful perspectives and creative thinking, backed by innovative technology and a strong fiduciary ethos. Northern Trust is ranked among the top 10 U.S. wealth managers with $197.7 billion in assets under management as of December 31, 2012, and more than 70 wealth management offices in the United States and abroad. The Financial Times Group has named Northern Trust Best Private Bank in the USA for four consecutive years. In 2012 Northern Trust was also was named Best Private Bank globally for Innovation and Best Private Bank for Socially Responsible Investing.
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 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 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.