Press release
Northern Trust Named Best Private Bank for Family Offices and Succession Planning
CHICAGO--(BUSINESS WIRE)-- Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:\n\n\n\n“Best Private Bank for Family Offices, U.S.”\n\n\n\n“Best Private Bank for Succession Planning, U.S.”\n\n\n\nIn addition, Northern Trust was named Highly Commendable for the categories Best Private Bank in the U.S. and Best Private Bank for Wealthy Women, North America.\n\n\n“There were several initiatives from Northern Trust which the judges felt worthy of note,” said Yuri Bender, editor-in-chief of Professional Wealth Management. “Firstly, the role of the Northern Trust Institute in providing research and advice for both advisers and clients is a valuable asset for the business.\n\n\n“Secondly, the expansion of teams across Europe and Asia is enabling the firm to provide its high-touch service for family offices on much more of a global basis. Thirdly, a broader focus on segments, such as women entrepreneurs, is ensuring vital disciplines of investment and succession planning are reaching all parts of the group's increasingly diverse client base.”\n\n\nNorthern Trust Wealth Management President Steven L. Fradkin said the recognitions highlight Northern Trust’s focus on client service, made possible by the firm’s strong financial position that allows Northern Trust to continue to grow and innovate even during times of market and geopolitical stress.\n\n\n“We are grateful for this recognition of the world-class service that we provide to our clients and the ways we enhance our products and service for their benefit,” he said. “Our innovations in succession planning continue our 130-year history of helping our personal and institutional clients achieve their goals and pass on their values, not just their assets.\n\n\n“Our Global Family and Private Investment Offices (GFO) is a global leader in providing seamless service to clients across 25 countries, with a focused commitment to families of significant wealth, their private foundations and the family offices that serve them.”\n\n\nNorthern Trust’s GFO group works with more than 450 families in more than 30 countries, and last year expanded into Canada and Latin America. For decades, GFO has led the industry in providing comprehensive, be...