Press release
Northern Trust Renews Partnership with Wharton Global Family Alliance
Three-year extension to include collaborative research on multi-generational families and their businesses CHICAGO--(BUSINESS WIRE)-- Northern Trust, a
About this update from Northern Trust Corporation
[{"type":"text","content":"\nThree-year extension to include collaborative research on multi-generational families and their businesses\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust, a leading provider of wealth management services, announced today a renewed three-year collaboration between its Global Family and Private Investment Offices Group and the Wharton Global Family Alliance (Wharton GFA), a world-leading research forum created by the Wharton School and the CCC Alliance.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005158/en/\nThe Wharton GFA helps global multigenerational families and their businesses address their complex needs through thought leadership, knowledge transfer, and sharing of ideas and best practices. The Wharton GFA focuses its rigorous empirical and field research on key issues affecting global families and their businesses, including family business management and governance, wealth management, and philanthropy.\n\n“We are delighted to continue this mutually beneficial working relationship with the Wharton GFA, which supports ongoing research, scholarship, publications, and other initiatives,” said Steven Fradkin, President of Northern Trust Wealth Management. “Our 130-plus years of holistic wealth management experience serving family offices, family foundations, high-net-worth individuals, and private trust and investment companies in more than 25 countries is a natural complement to Wharton GFA’s continued research and knowledge-sharing with substantial global families.”\n\nSince 2017, Northern Trust and Wharton have collaborated in research programs covering multi-generational, multi-branch families and their businesses. Under the renewed partnership, both Wharton and Northern Trust remain focused on sharing family office best practices and engaging in further study on key family office themes, issues, and trends.\n\n“We are proud to remain aligned with the leading institution for the creation and dissemination of knowledge and practices of multi-generational families and their businesses,” said David W. Fox Jr., President of Northern Trust’s Global Family and Private Investment Office Services. “Family firms have the means and potential to make a crucial impact on the worldwide economy. Northern Trust’s insight into the wealth management, wealth transfer...