Northern Trust: Best Global Custodian
We at Northern Trust were delighted to win the Wealth Adviser Global Custodian of the Year Award at the recent Wealth Adviser awards ceremony. It is a worthy reflection of the hard work and commitment our team devotes to servicing our clients.
The Global Family Offices group is a dedicated boutique practice within Northern Trust, which provides highly customised master global custody, trust and multi manager investment solutions to wealthy individuals, their families, family offices and family foundations.
Today the Northern Trusts’ Global Family & Private Investment Offices group works with approximately 400 families globally, including 20 per cent of the Forbes 400 wealthiest Americans. Our clients have combined assets under custody of approximately USD319 billion with Northern Trust, with assets per family under custody ranging from USD200 million to several billion. Our clients are served by 260 dedicated staff who operate from offices in London, Guernsey, Abu Dhabi, Miami and Chicago.
Our clients implement sophisticated investment solutions, utilising multiple external, domestic and global money managers and require complex reporting. Consequently, they often work within the framework of a family office to manage and oversee a wide variety of financial needs and wealth transfer strategies.
Our families, their family offices and foundations benefit directly from Northern Trust’s institutional platform and operational capabilities and are supported by a dedicated team of family office experts within the Global Family & Private Investment Offices group. We foster long term personal relationships by providing unrivaled service, proactive advice and customised solutions based upon each family’s unique needs.
These services include:
- Global asset servicing and fund administration;
- Consolidated financial reporting utilising cutting-edge technology;
- Contemporary trustee and fiduciary services;
- Multi Manager Investment Solutions
- Institutional investment advisory and programme management;
- Global asset management and trade execution;
- Asset based credit and private finance;
- Family governance, education, benchmarks and family office networking.
Why families choose Northern Trust
We are focused on families. Since our inception, we have provided comprehensive solutions, including trust and asset administration. In addition, we have the ability to really understand a family’s goals, whether it is educating younger generations about wealth, establishing or optimising a family office or setting up a foundation; we have the scale, flexibility and expertise to help our families achieve these goals.
Our core business of custody, combined with our founding principles of service, expertise and integrity, puts us in a strong financial position. Throughout the ongoing economic turmoil, Northern Trust has remained strong and stable, maintaining one of the strongest balance sheets in the industry.
Our technology is unsurpassed in the industry. Our single operating platform and global system architecture support both of our businesses and all of our distribution channels, granting Northern Trust advantages in reconciliation, data quality, and expense management.
Northern Trust’s legacy spans 125 years and we are one of the world’s highest rated and most stable financial institutions, providing investment management, asset and fund administration, banking solutions and fiduciary services to corporations, institutions and affluent individuals worldwide.
Our heritage gives us a unique insight into the needs of our clients and to this day we adhere to the same principles upon which we were founded by the Smith Family – Service, Expertise and Integrity.
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