Northern Trust Securities, Inc. is a large advisory firm based in Chicago. It manages $381.49 million of regulatory assets for 1,146 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.
Northern Trust Securities provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northern Trust Securities, Inc. is $381.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4758% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Northern Trust Securities, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Shundrawn Antwarn Thomas is high net worth individuals with 667 clients and $272.97 million of assets under management. Among the 10 most similar advisory firms, Northern Trust Securities has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $381.49 million for 1,146 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 Securities doesn't advise any private funds.
The company employs 88 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 88 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.
Shundrawn Antwarn Thomas has been acting as President since 1 Jan 2009. Anna Maria Ranaldi joined the executive team most recently as the President.
The principal office where Northern Trust Securities, Inc. performs its advisory services is located at 50 S. Lasalle, Chicago, IL 60603 0001, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-557-2000 or by fax 312-444-4352. The normal business hours are 8:30 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at northerntrust.com.