Northern Trust Asset Management
- Company typePublic
- Founded1889
- HeadquartersChicago, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Northern Trust Asset Management firmographics
Firmographics- Name
- Northern Trust Asset Management
- Legal name
- Northern Trust Corporation
- Website
- https://northerntrust.com
- Company type
- Public
- Founded year
- 1889
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Northern Trust Asset Management industry classification
Industry- Product category
- Institutional Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)
- akta.pro secondary industries
- Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Corporate & Institutional Trust Services (FSAAANAB), Estate Planning, Trust Structuring & Governance (FSAAADAF)
Keywords
Where Northern Trust Asset Management is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices14 records
Markets served
Northern Trust Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Asset Management Fees: Management fees charged on assets under management across equity, fixed income, liquidity, alternatives, and sustainable investing strategies. AUM of $1.8 trillion as of March 31, 2026 generates recurring management fee revenue.
- Asset Servicing/Custody Fees: Fees for global custody, securities lending, fund administration, and accounting services. Assets under custody/administration of $18.6 trillion as of March 31, 2026.
- Wealth Management Services: Comprehensive wealth management including financial planning, private banking, trust and estate services for high net worth and ultra-high net worth individuals and families.
- Banking and Liquidity Services: Transaction banking, cash management, fixed term deposits, and foreign exchange solutions for institutional and corporate clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Institutional Asset Management - Negotiated fees based on AUM and service scope |
| Subscription | Annual | Wealth Management - AUM-based percentage fees |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
Northern Trust Asset Management product offering
Product offeringCore offering
Northern Trust Asset Management is the investment management division of Northern Trust Corporation, managing US$1.8 trillion in AUM across equity, fixed income, liquidity, alternatives, and sustainable investing strategies. The firm constructs and manages institutional investment strategies, provides global asset servicing (custody, fund administration, securities lending, fund services), and delivers wealth management (financial planning, private banking, trust & estate services) for high net worth and ultra-high net worth individuals and families. Recent innovations include the NT Adaptive Equity systematic strategy, NT World Multifactor UCITS funds with climate-focused criteria, tokenized money market share classes distributed through blockchain infrastructure, and digital asset custody capabilities on the Canton Network.
Product overview
Northern Trust Asset Management operates as a multi-faceted financial services provider managing $1.8 trillion in assets under management as of March 31, 2026. The company's product offerings span three primary business lines: Investment Management (constructing innovative and efficient investment strategies across equity, fixed income, liquidity, alternatives, and sustainable investing), Asset Servicing (global solutions including banking, capital markets, data solutions, digital assets, ESG solutions, fund services, liquidity solutions, regulatory services, retirement solutions, and securities services), and Wealth Management (comprehensive solutions including financial planning, private banking, and trust & estate services). The investment management platform includes the Northern Funds family of mutual funds, the NT Adaptive Equity systematic strategy combining data science with fundamental insights, and the NT World Multifactor UCITS funds with climate-focused criteria. The company has expanded into digital assets with tokenized money market share classes and is developing tokenized asset custody capabilities on the Canton Network blockchain. The firm serves institutional investors, wealth management clients, and operates across 20+ international locations.
Differentiator
Problem solved
Functional benefit
Brands
- NT Adaptive Equity: Systematic investment approach combining fundamental insights with data science, natural language processing and alternative data to identify stock-specific alpha opportunities
- NT World Multifactor Focus Select Fund
- NT World Multifactor Select Fund
- Northern Funds
- Northern Trust Institute
- A-Suite
- Project Acacia
- Faster Forward Podcast
- Face Value Blog
Products and services
- Asset Management Investment management services constructing innovative and efficient investment strategies across equity, fixed income, liquidity, alternatives, and sustainable investing that appropriately compensate investors for risk; serving institutional and individual investors via dedicated strategies and the Northern Funds platform.
- Asset Servicing Global asset servicing solutions responding to growing client complexity, including banking, capital markets, data solutions, digital assets, ESG solutions, fund services, liquidity solutions, regulatory services, retirement solutions, and securities services for institutional asset owners and asset managers.
- Wealth Management Full array of comprehensive wealth management solutions including financial planning, private banking, and trust & estate services for high net worth and ultra-high net worth individuals and families.
- Northern Funds A comprehensive family of mutual funds spanning equity, fixed income, alternatives, and sustainable investing strategies, managed by Northern Trust Asset Management for institutional and retail investors.
- NT Adaptive Equity Strategy A systematic investment approach combining deep fundamental insights with advanced data science, natural language processing, and alternative data to identify stock-specific alpha opportunities through adaptive portfolio construction.
- NT World Multifactor UCITS Funds (Climate-Focused) Actively managed UCITS funds incorporating climate-focused investment criteria, targeting carbon footprint reductions while maintaining exposure to value, quality, momentum and low-volatility factor characteristics for long-term capital growth.
- Sustainable Investing Strategies Investment strategies encompassing values-based and norms-based screens, best-in-class and ESG integration, and thematic investing focused on specific issues such as climate risk, leveraging financial, alternative and sustainability datasets.
- NIF Treasury Instruments Portfolio (Tokenized Share Class) Tokenized share class for the NIF Treasury Instruments Portfolio, representing a digital mirror record of the fund's institutional share class using blockchain technology and providing improved settlement efficiency and enhanced visibility for institutional investors accessing U.S. Treasury instruments through distributed ledger technology.
- Tokenized Asset Custody (Canton Network) Custody capabilities for tokenized financial assets developed on the Canton Network blockchain infrastructure, supporting institutional grade custody and asset servicing workflows bridging digital and traditional markets.
- ESG Insights (Analytics & Reporting) Analytics and reporting solutions providing transparency and actionable insights on ESG exposures, supporting portfolio governance and oversight objectives with extensive global data coverage and advanced analytical capabilities.
- Distributing Ladder ETFs (Patent-Pending Retirement Income ETFs) Distributing ladder ETF product family with patent-pending technology designed for retirement income solutions for individual investors approaching and entering retirement.
Quantifiable outcome
- Outperformed benchmark by 8 basis points in Q1 2026 with Northern Ultra-Short Fixed Income Fund returning 0.67% vs benchmark 0.59%
- +4 more outcomes
Companies that use Northern Trust Asset Management
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Northern Trust Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Northern Trust Asset Management partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- European Institutional and Wholesale ClientscoreLaunch of climate-focused UCITS funds expanding Northern Trust's climate-related investment solutions for institutional and wholesale clients across Europe, Middle East, Africa, and Asia-Pacific markets.
- Digital Asset HoldingscorePartnership to develop custody capabilities for tokenized financial assets on the Canton Network. Northern Trust integrates with Canton Network's public blockchain infrastructure designed for regulated financial participants, supporting institutional grade custody and asset servicing workflows for digital assets.
- BNYcoreBNY serves as the distribution platform for Northern Trust's tokenized NIF Treasury Instruments Portfolio, with BNY's LiquidityDirect platform providing institutional client access to blockchain-enabled money market investments. Northern Trust's tokenized share class is initially available through BNY's platform.
- Goldman SachscoreGoldman Sachs provides the blockchain infrastructure (GS DAP) for Northern Trust's tokenized fund share class. GS DAP serves as the permissioned distributed ledger technology platform enabling institutional tokenized money market fund distribution.
- Public Investment Fund (PIF)coreStrategic partnership expansion between Northern Trust Asset Management and Saudi Arabia's Public Investment Fund to support growth of Saudi capital markets and asset management sector. Partnership aims to foster growth with investment value up to $1 billion, integrating data science and technology for systematic investment approaches.
Scale indicators14 records
Recent moves10 records
Expansion highlights6 records
Northern Trust Asset Management competitors and assessment
Company assessmentDirect peers
- BlackRock: BlackRock is the world's largest asset manager with ~$10T AUM and the leading institutional and ETF franchise (iShares). It is a direct peer across index, active, alternatives, and increasingly digital assets (tokenized funds).
- State Street Global Advisors: State Street Global Advisors (~$4T AUM) is the closest comparable institutional asset manager with strong passive/index franchise and overlap with State Street's custody business, mirroring Northern Trust's integrated asset management/asset servicing model.
- BNY Mellon Investment Management: BNY Mellon Investment Management is a direct peer offering multi-affiliate active management alongside BNY's leading custody franchise. Recently partnered with Northern Trust on the LiquidityDirect tokenized fund distribution, illustrating the dual competitor/partner relationship.
- Vanguard: Vanguard is the dominant passive/index and ETF provider with $9T+ AUM and is a direct competitor in low-cost index strategies and mutual funds, applying fee pressure on Northern Trust's index and active franchises.
- J.P. Morgan Asset Management: J.P. Morgan Asset Management is a major institutional and wealth asset manager with strong alternatives, multi-asset, and ETF capabilities, competing for the same pension fund and sovereign wealth mandates.
- Goldman Sachs Asset Management: Goldman Sachs Asset Management ($2.5T+ AUM) is a direct peer in institutional active management, alternatives, and increasingly digital assets (GS DAP). Also a strategic partner providing blockchain infrastructure for Northern Trust's tokenized fund.
- T. Rowe Price: T. Rowe Price is a global active asset manager competing directly in institutional equity, fixed income, and multi-asset strategies, with growing ETF offerings that overlap Northern Trust's Northern Funds and FlexShares lines.
- Fidelity Institutional: Fidelity Institutional serves asset owners and wealth managers with investment products, asset servicing, and wealth management, competing with Northern Trust across institutional asset management and wealth platforms.
- Invesco: Invesco is a global investment manager with strong ETF (QQQ), active, and institutional capabilities that competes directly with Northern Trust's active equity, fixed income, and ETF franchises including FlexShares.
- Wellington Management: Wellington Management is a privately held institutional asset manager with multi-asset, fundamental equity, and alternatives capabilities, competing for the same large pension, endowment, and sovereign mandates Northern Trust serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Northern Trust Asset Management social profiles
Digital presenceNorthern Trust Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Northern Trust Asset Management leadership team
Management profileNumber of profiles
Profiles16 records
Northern Trust Asset Management subsidiaries and ownership
Company hierarchySubsidiaries8 records
Northern Trust Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Northern Trust Asset Management M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Northern Trust Asset Management
What does Northern Trust Asset Management do?
Northern Trust Asset Management is the investment management division of Northern Trust Corporation, managing US$1.8 trillion in AUM across equity, fixed income, liquidity, alternatives, and sustainable investing strategies. The firm constructs and manages institutional investment strategies, provides global asset servicing (custody, fund administration, securities lending, fund services), and delivers wealth management (financial planning, private banking, trust & estate services) for high net worth and ultra-high net worth individuals and families. Recent innovations include the NT Adaptive Equity systematic strategy, NT World Multifactor UCITS funds with climate-focused criteria, tokenized money market share classes distributed through blockchain infrastructure, and digital asset custody capabilities on the Canton Network.
Is Northern Trust Asset Management a public or private company?
Northern Trust Asset Management is a public company. It is classified as public and is currently operating.
When was Northern Trust Asset Management founded?
Northern Trust Asset Management was founded in 1889. It employs 501 to 1,000 people.
Where is Northern Trust Asset Management based?
Northern Trust Asset Management is headquartered in Chicago, United States, in the North America region.
How does Northern Trust Asset Management make money?
Four revenue lines are on record. Asset Management Fees are the primary driver. The others are asset Servicing/Custody Fees, wealth Management Services and banking and Liquidity Services.
Who are Northern Trust Asset Management's main competitors?
Direct peers on record are BlackRock, State Street Global Advisors, BNY Mellon Investment Management, Vanguard, J.P. Morgan Asset Management, Goldman Sachs Asset Management, T. Rowe Price, Fidelity Institutional, Invesco and Wellington Management.
Does Northern Trust Asset Management have an API?
No public API is recorded for Northern Trust Asset Management.
What industry is Northern Trust Asset Management in?
Northern Trust Asset Management's product category is Institutional Asset Management. Its primary akta.pro industry code is FSAAAJAA, Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds), with a secondary code of FSAAABAF, Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight). Its NAICS code is 523940 and its SIC code is 6282.