Press release
Northern Trust Named Best Private Bank in U.S., Best Bank Globally for Family Offices and Best for Innovation
CHICAGO--(BUSINESS WIRE)-- Northern Trust, a leading provider of wealth management services, has taken top honors in three categories from Professional
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 three categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:\n\n\n“Best Private Bank in the U.S.”\n\n\n“Best Private Bank for Family Offices”\n\n\n“Best Private Bank for Innovation”\n\n\n“Northern Trust's entry impressed our panel of judges for several reasons,” said Professional Wealth Management Editor-in-Chief Yuri Bender. “They appreciated the firm's institutional investment expertise, leveraged to manage portfolios of wealthy families, its strong reputation across regional markets in the US, and the stability and long-term outlook of its leadership team.\n\n“Rather than an inward-looking mindset, the firm has shown increasing appetite to both deepen its international footprint and to learn from the practices of non-financial firms globally, adapting them to wealth management.”\n\nNorthern Trust Wealth Management President Steven L. Fradkin said the recognition highlights the collaborative efforts at Northern Trust to provide seamless service to clients across 25 countries, including family offices, family foundations, high-net-worth individuals and private trust and investment companies.\n\n“We are grateful for this recognition of our commitment to ensuring that clients receive a superior experience, best-in-class advice, and that they optimize their wealth management, banking, planning and other needs over time and across generations,” he said.\n\n“Our personalized approach applies both our industry-leading research, led by The Northern Trust Institute, and the lessons we have gleaned from our past interactions with the most affluent families in the world. This distinctive combination empowers clients by optimizing their investment strategies, banking, fiduciary and other advice in alignment with their unique goals.\n\n“The key to our success is our clients’ success. We are proud of this recognition even as we continue to invest significantly in Northern Trust’s proprietary Goals Driven Wealth Management capabilities, which leverages an our extraordinary store of intellectual capital and the large complement of data and analytics gleaned from advising generations of other clients of similar wealth and complexity.”\n\nIn addition to the “Best Priv...