Press release
Northern Trust Asset Management Selects Sixteen Firms for Minority Broker Program
CHICAGO--(BUSINESS WIRE)-- Northern Trust Asset Management (NTAM), consistent with its long-standing commitment to ensuring diversity and inclusion within
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern Trust Asset Management (NTAM), consistent with its long-standing commitment to ensuring diversity and inclusion within the investment industry, has selected 16 minority-owned broker-dealers for its Minority Broker Program, an increase from 11 in 2019. Started in 2007, the program consists of firms owned by minorities, women, and disabled veterans. Participating broker-dealers are also utilized by Northern Trust Securities, Inc., NTAM’s brokerage affiliate, whose growing use of the program led to the increase in firms selected.\n\nEach firm was selected for one or more asset classes, based on quantitative and qualitative selection criteria, including execution capabilities, technology platforms and performance. The firms are:\n\n\nAcademy Securities, Inc.\n\n\nAmeriVet Securities, Inc.\n\n\nC. L. King & Associates, Inc.\n\n\nCabrera Capital Markets LLC\n\n\nCastleOak Securities LP\n\n\nGuzman & Company\n\n\nLoop Capital Markets\n\n\nMischler Financial Group, Inc.\n\n\nNorth South Capital\n\n\nPenserra Securities, LLC\n\n\nR. Seelaus & Co., LLC\n\n\nRice Securities, LLC\n\n\nRoberts & Ryan Investments\n\n\nSamuel A. Ramirez & Co\n\n\nSiebert Williams Shank & Co., LLC\n\n\nTigress Financial Partners\n\n\n“We at NTAM take very seriously and are very proud of our long-standing commitment to advancing diversity, equity and inclusion (DE&I),” Northern Trust Asset Management Chief Investment Officer Angelo Manioudakis said. “To that end, we are delighted to be expanding our partnership with firms owned by minorities, women, and disabled veterans.”\n\nNTAM’s commitment to DE&I is also part of its Multi-manager Solutions business which has invested approximately $5.7 billion with 21 minority-owned investment management firms through manager-of-manager programs as of June 30, 20221. NTAM’s overall commitment to DE&I has regularly been recognized, as evidenced by the firm having been named a Diversity Champion by InvestmentNews, a leading advisor trade publication, four out of five years since the 2018 inception of its Excellence in Diversity and Inclusion Awards, including this past year.\n\nIn 2022, NTAM’s parent company, Northern Trust Corporation, received a 100% score in the “Disability Equality Index of Best Places to Work,” a comprehensive benchmarking measure of diversity inclusion 2. This marks...