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Tax Advantaged Equity


Seeks to Maximize After-Tax Returns with Target Equity Market Exposure and Active Tax Management

Capital gains taxes can significantly erode the total return for taxable investors. Therefore, tax considerations should be one of the primary objectives in the portfolio management process

Northern Trust's tax advantaged equity team will work with you to develop a customized, flexible, tax-efficient solution.

Our Philosophy

Northern Trust seeks to provide customized risk-efficient, cost-effective market exposure and strong after-tax investment returns through an in-depth understanding of our taxable clients’ complex investment and tax objectives.

Our Strategy

  • Provides a similar pre-tax return to your chosen equity benchmark.
  • Seeks to maximize long-term after-tax total returns through active tax management, capital gain or loss realization, aggressive transaction cost management and proprietary risk management.
  • Is applied to over 30 different custom, domestic and international benchmarks, including both ADR and local shares.
  • Designed to offer a flexible, consultative program to meet your investment and tax needs that can be dynamically adjusted to changes in your tax situation.
  • Emphasizes ongoing communication between you and our experienced tax advantaged equity portfolio management team.

Our Investment Process

Customized and flexible tax-advantaged programs are designed to meet your unique long-term investment objectives.

  • Listen. Your dedicated portfolio management team works with you to integrate your specific goals into your tax advantaged equity portfolio.
  • Trade. Regular trading is conducted to consider portfolio objectives, wash sale rules, and transaction cost minimization.
  • Communicate. Our team will regularly communicate with you to ensure investment objectives are met and determine if modifications to the process need to be made.


Why Northern Trust for Tax Advantaged Equity?

  • Over 20 years of success providing global, tax-managed market exposure to our clients.
  • A dedicated portfolio management team with an average of 13 years of financial industry experience.
  • Customized and flexible tax-advantaged equity programs designed to meet your unique investment objectives.
  • Regular communication from initial account set-up and ongoing portfolio management.
Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
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Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer

Bob Browne is an Executive Vice President and Chief Investment Officer for Northern Trust. He is a member of Northern Trust's Operating Group, reporting directly to the Management Group.

Bob chairs the firm’s Investment Policy Committee, which sets investment policy for all Northern Trust groups in all asset classes. He is responsible for investment performance, process and philosophy across multiple investment strategies including fixed income, active equity and passive investments. Bob joined Northern Trust in January 2009 and has more than 20 years of investment experience.

From 2004 until 2009, Bob worked for ING Investment Management and was the firm’s Chief Investment Officer for Fixed Income and Proprietary Investments. In this capacity, he oversaw $120 billion in assets under management across retail and institutional clients, as well as the firm’s own insurance assets. From 2002 to 2004, Bob was founder and Managing Partner of Picador Capital, an alternative investment firm. From 1999 to 2001, he was Co-Head of Americas Fixed Income for Merrill Lynch Investments and he also worked in the firm’s London office from 1997 to 1999 as a senior portfolio manager. Bob spent the first eight years of his career, from 1989 until 1997, at JP Morgan Investment working as a global fixed income and currency portfolio manager in the firm’s Tokyo and London offices.

Bob holds a B.A. with a major in economics from the College of the Holy Cross. He also has a Masters in international business studies from the University of South Carolina. Bob is a holder of the right to use the Chartered Financial Analyst® designation.

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© 2017 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.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, and personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to expert, institutional, professional and wholesale investors only and should not be relied upon by retail clients or investors. Issued in the United Kingdom by Northern Trust Global Investments Limited.