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Northern Trust Corporation
Multifamily office listing in Chicago, Illinois, United States.
- SEC-registered
- Regulatory AUM
- $1.7 billion
- Employees
- 385
- Clients
- 251-500
- SEC CRD
- 7927
Northern Trust Corporation’s wealth management business provides coordinated planning, investment, trust, banking, and family office services for affluent individuals, families, family offices, foundations, endowments, and privately held businesses.1
Overview
Northern Trust offers wealth planning, investing, trust and estate services, banking, alternative investments, global family office services, and outsourced family office services. Its wealth management platform includes more than 40 specialty areas and offers tailored financial solutions in 20 U.S. states and 18 countries.23
History
The Northern Trust Company was opened by Byron Laflin Smith in Chicago on August 12, 1889.4
Leadership
Jason J. Tyler is President of Wealth Management. Mary E. Timmons is Chief Operating Officer of Wealth Management. Dino De Vita is President of Global Family Office, and Eric Freedman is Chief Investment Officer of Wealth Management.5
Services
Wealth planning covers financial planning, tax and wealth transfer, family education and governance, and philanthropy.6
Trust and estate services include professional trustee services, estate settlement, family business services, energy and minerals management, real estate and agricultural services, and specialized trust services.7
The firm also provides investment management, banking, alternative investments, global family office services, and outsourced family office services.2
What the firm offers
- Investment management
- Financial planning
- Tax planning
- Estate planning
- Trust and fiduciary
- Philanthropy
- Family governance and education
- Private and alternative investments
Client focus
Northern Trust serves affluent individuals, families, family offices, foundations, endowments, and privately held businesses. Its family office offering supports clients seeking global or outsourced family office capabilities.12
Approach
Northern Trust describes its investment approach as goals driven. The firm uses research, data, risk analysis, tax and fee awareness, and customized portfolios aligned with client objectives.8
Northern Trust Securities, Inc.
Northern Trust Securities, Inc. is listed by FINRA BrokerCheck as an SEC registered investment adviser and brokerage firm, with CRD number 7927 and SEC file number 801-80781.9
Northern Trust Securities, Inc.’s Form ADV filing dated July 17, 2026 reports regulatory assets under management of $1,662,427,504. The filing lists financial planning, portfolio management for individuals and small businesses, portfolio management for institutional clients, and selecting other advisers among the firm’s advisory services. It also lists percentage of assets under management and fixed fees as compensation methods.10
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $37 million | $37 million | $0 |
| 2017 | $202 million | $202 million | $0 |
| 2018 | $287 million | $287 million | $0 |
| 2019 | $381 million | $381 million | $0 |
| 2020 | $514 million | $514 million | $0 |
| 2021 | $620 million | $620 million | $0 |
| 2022 | $861 million | $861 million | $0 |
| 2023 | $830 million | $830 million | $0 |
| 2025 | $1.3 billion | $1.3 billion | $0 |
| 2026 | $1.7 billion | $1.7 billion | $0 |
| Year | Average AUM per client |
|---|---|
| 2018 | $485,969 |
| 2019 | $332,890 |
| 2020 | $389,672 |
| 2021 | $421,290 |
| 2022 | $471,503 |
| 2023 | $414,131 |
| 2025 | $559,321 |
| 2026 | $809,755 |
| Client type | Clients (2026) |
|---|---|
| Individuals | 618 |
| High net worth individuals | 1,406 |
| Charities | 11 |
| Corporations | 14 |
| Other | 4 |
| Year | Employees |
|---|---|
| 2016 | 78 |
| 2017 | 81 |
| 2018 | 78 |
| 2019 | 88 |
| 2020 | 75 |
| 2021 | 68 |
| 2022 | 72 |
| 2023 | 72 |
| 2025 | 76 |
| 2026 | 385 |
Ranks #5 of 17 SEC-registered firms in IL on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 7927. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
What does Northern Trust’s wealth management business provide?
It provides wealth planning, investing, trust and estate services, banking, alternative investments, global family office services, and outsourced family office services.2
Who does Northern Trust serve?
Its wealth management business serves affluent individuals, families, family offices, foundations, endowments, and privately held businesses.1
How does Northern Trust describe its investment approach?
The firm describes a goals driven approach that combines research, data, risk analysis, tax and fee awareness, and customized portfolios aligned with client objectives.8
Related resources
- LocationMultifamily offices in Chicago
The Chicago multifamily office directory helps readers compare firms serving affluent families and business owners in Northern Trust Corporation's home region. It can provide local context when considering investment management, trust, banking, family governance, and related planning needs across generations.
- Network siteEstatePlanner.com
EstatePlanner.com offers practical guides on wills, trusts, beneficiary designations, and estate planning decisions. These materials can help a family or business owner prepare questions about estate structures, fiduciary responsibilities, tax planning, and wealth transfer before discussing services with a firm.
- Network siteFamilyOffices.com
FamilyOffices.com provides resources and a community focused on single family offices and wealthy families. Readers can use it to understand family office structures, governance, education, philanthropy, and investment concerns that may inform discussions with a provider serving complex family needs.
- DataMFO registration status data
MFO registration status data helps readers check how multifamily offices are listed and registered on this site. Reviewing the available status information can support basic due diligence when comparing firms that offer investment management, planning, trust, fiduciary, or family office services.
- Similar firmsAltman Advisors
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InContext AdvisorsProfiles for Altman Advisors, Cresset Wealth Advisors, and InContext Advisors give readers additional firms to review on MultifamilyOffices.com. Comparing their stated services, client focus, and locations with Northern Trust Corporation's offerings can help clarify which questions matter for a family or privately held business.
Sources
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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