Northern Trust Bank Fsb (Chicago)

Northern Trust Bank Fsb is a large advisory firm based in Chicago. It manages $9.4 billion of regulatory assets for 4,421 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Delaware, Georgia, and 9 other states.

Northern Trust Bank Fsb provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Trust Bank Fsb: assets under management

The assets under management (AUM) of Northern Trust Bank Fsb is $9.4 billion. The firm's AUM has grown by 334% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.94 billion in discretionary accounts and $1.46 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.7 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northern Trust Bank Fsb for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

Careers at Northern Trust Bank Fsb

Timothy Matthew Crow has been acting as President since 1 Dec 1998. James Meigs Rauh joined the executive team most recently as the Director, President Midwest.

Direct owners and executive officers

Based in Chicago

The principal office where Northern Trust Bank Fsb performs its advisory services is located at 50 South Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-444-3732 or by fax 312-630-0626. The normal business hours are 8:30 - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.northerntrust.com.

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