Northern Trust Investments, Incorporated (Chicago)

Northern Trust Investments, Incorporated provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and model portfolio provider, investment research,index provider, transition and overlay management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Trust Investments, Incorporated: assets under management

The assets under management (AUM) of Northern Trust Investments, Incorporated is $806.62 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and $124.76 million of the total AUM is attributable to clients outside of the United States.

The firm manages $806.62 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.54 million each.

Northern Trust Investments, Incorporated has custody of $708.12 billion in cash and securities for 35,080 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northern Trust Investments, Incorporated for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lloyd Arno Wennlund serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lloyd Arno Wennlund is pooled investment vehicles with 369 clients and $356.19 billion of assets under management. Among the 12 most similar advisory firms, Northern Trust Investments, Incorporated has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $801.98 billion for 35,790 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Northern Trust Investments, Incorporated also advises several private funds. Namely, nine other private funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Northern Trust Investments, Incorporated

The company employs 573 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Lloyd Arno Wennlund has been acting as President since 1 May 2000. Maya Georgieva Teufel joined the executive team most recently as the Senior Vice President/ Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Chicago

The principal office where Northern Trust Investments, Incorporated performs its advisory services is located at 50 S Lasalle Street, Chicago, IL 60603 1008, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-630-6000. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at northerntrust.com.

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