Northern Trust Securities, INC
Assets Under Management
$1.3B
Number of Clients
2,283
Number of Advisors
121
Average Client AUM
$559K
AUM per Advisor
$10.6M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Northern Trust Securities, Inc. (NTSI) provides investment advisory services through various managed account wrap fee program models. These programs are managed by NTSI, Northern Trust Investments, Inc., and third-party investment managers. NTSI clients receive professional investment management through these programs, which may include direct ownership of securities, mutual funds, and ETFs. NTSI monitors the Wrap Program Investment Managers. NTSI has an agreement with FIWA to operate the FMAX technology platform.
Fee Structure
NTSI clients pay an investment advisory fee based on a percentage of the assets managed. Fees may vary based on investor circumstances, account size, investment strategy, and the overall relationship with Northern Trust. There are separate fee schedules for Fixed Income SMA strategies and for Fund Strategist Portfolio, Strategist UMA, Equity and Balanced SMA strategies. In addition to the advisory fee, individual investments held in your managed account are subject to product level fees. A client must maintain a minimum account balance and accounts are subject to a minimum annual fee, which vary by Wrap Program. A portion of your fee is paid to FIWA and NFS, as well as applicable brokerage and transactions charges. Employees and retirees of Northern Trust may be eligible for discounted pricing, subject to stated annual minimum fees.
Areas of Practice
Location
333 S. Wabash Avenue, 34th Floor, Chicago, IL, 60604