Northern Trust Recognized Best Private Bank in U.S.

Northern Trust Recognized Best Private Bank in U.S.
27.10.2016 07:45 am

Northern Trust Recognized Best Private Bank in U.S.

Banking

Northern Trust, a leading global provider of wealth management services, has been named the nation’s best private bank by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group. Northern Trust Wealth Management is a leading provider of services to affluent individuals, family offices and business owners, with US$242 billion in assets under management.

The publications also recognized Northern Trust in the categories of Best Private Bank for Family Offices and Best Private Bank for Ultra-High-Net-Worth clients, which earned Highly Commended accolades. Northern Trust’s Global Family & Private Investment Office group serves families who together hold or manage assets totaling more than $400 billion with Northern Trust. Northern Trust’s ultra-high-net-worth services include investment management and wealth planning as well as specialized services such as business-owner, philanthropic and intergenerational consulting.

Northern Trust also was awarded Best Initiative of the Year for its relationship management technology, recognizing the firm’s focus on contemporary, integrated technology to improve client experiences.

“These awards reflect our continuous focus on innovation and our commitment to providing clients with a service experience beyond expectation,” Northern Trust Wealth Management President Steven L. Fradkin said.

“Northern Trust was lauded by the 15-strong judging panel for its excellence in US private banking,” Professional Wealth Management Editor-in-Chief Yuri Bender said. “Key factors included the high quality of staff which the group is able to attract, excellent coverage of US regions and a dedication to client relationships. The implementation of technology which both boosts the strength of relationships between clients and bankers, while also enhancing the asset allocation process, was also worthy of note.”

Northern Trust’s Goals Driven technology and processes deliver a dynamic asset allocation plan that allows clients to match their objectives to assets in a powerful and intuitive manner. Also, Northern Trust provides clients with a bank-by-text offering and biometric security for mobile and iPad apps.

Northern Trust received the awards on Oct. 26 at a reception in London.

Related News

ClearBank Becomes First Clearing Bank to Offer Multi-Currency Bank Accounts via API

ClearBank, the cloud-based clearing bank, has become the first clearing bank to offer multi-... Read more »

Paymentology and Thought Machine Collaborate to Create Digital Banking Platform

Paymentology, the UK cloud-native payment processor, is partnering with digital banking platform Thought Machine, to bring rapid integration... Read more »

Commerzbank Issues the Second Own Green Bond €500 Million Worth

Commerzbank AG has today very successfully issued another Green Bond with an issuance volume of €500 million. It is the Bank’s second own Green Bond after the... Read more »

FT Survey: 78% Say UK Banks Have “Surprised Themselves” With Their Adaptability During COVID-19

Appian (NASDAQ: APPN) today published survey results examining the response of the UK banking sector to the coronavirus pandemic, revealing that nearly three-... Read more »

Saudi Arabian Fintech Hakbah Joins Visa’s Fintech Fast Track Program

Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has joined Visa’s Fintech Fast Track... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel