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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.
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
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Rankings and Highlights



Northern Trust Global Investments offers global, multi-asset class investment capabilities to personal and institutional clients worldwide.

Pensions & Investments Magazine’s 2013 Special Report on the Largest Money Managers ranks Northern Trust among the top asset management firms in multiple categories, detailed below.


  • 14th largest manager - worldwide assets1
  • 14th largest manager - worldwide institutional assets2
  • 5th largest manager - U.S. institutional tax-exempt assets
  • 3rd largest manager - defined benefit assets
  • 11th largest manager - defined contribution assets
  • 15th largest manager - sponsored exchange-traded funds1
  • 5th largest manager - sovereign wealth funds1
  • 4th largest manager - central banks1
  • 7th largest manager - endowment/foundation assets
  • 6th largest manager - investment outsourcing assets1


  • 1st largest manager - cash
  • 3rd largest manager - passive international equity
  • 4th largest manager - passive domestic equity
  • 4th largest manager - passive domestic fixed income
  • 13th largest manager - emerging markets equity

Unless otherwise noted, rankings based on U.S. institutional, tax-exempt assets under management.
1 Total worldwide assets under management
2 Worldwide institutional assets under management

The above rankings are not indicative of future performance.

Rankings based on total worldwide assets under management of $758.9 billion as of December 31, 2012

Pensions & Investments 2013 Special Report on Money Managers appeared in the publication's May 27, 2013, issue and online at www.pionline.com/researchcenter. Ranking information reprinted with permission, Pensions & Investments, copyright Crain Communications, Inc.

Asset Management at Northern Trust comprises Northern Trust Investments, Inc. (NTI), Northern Trust Global Investments Limited (NTGIL), Northern Trust Global Investments Japan, K.K. (NTGIJ), the investment advisor division of The Northern Trust Company (TNTC) and The Northern Trust Company of Connecticut, and its subsidiaries to offer investment products and services to personal and institutional markets.

Stephen A. Hearty

Stephen A. Hearty

Managing Executive, Client Solutions, Asset Management
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Stephen A. Hearty

Stephen A. Hearty

Managing Executive, Client Solutions, Asset Management

Stephen Hearty is a Managing Executive for the Client Solutions group within Northern Trust Asset Management. He oversees the growth and development of the Institutional and Global Family Office Sales and Servicing businesses and helps lead a team of professionals focused on delivering investment solutions using the robust menu of capabilities the firm has to offer. He also has responsibility for the Investment Consultant Relations Team.

Prior to his current role, Stephen was the Group Head for the Large Corporate and Insurance teams in the Corporate and Institutional Services business unit. As Group Head, Stephen managed a team of division managers who serviced large corporate and insurance relationships. He joined Northern Trust in 1996 as a senior trust relationship manager. He was promoted to Division Manager in October 2002. Prior to joining Northern Trust, Stephen spent 11 years with National City Bank in Cleveland, Ohio in various roles leading the asset servicing business.

Stephen received his B.S. in business administration with a finance major from Miami University.

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