Northern Trust Named "Best Private Bank in the USA" for Fourth Year
The FT Group also honors Northern Trust with awards for Innovation and Socially Responsible Investing
CHICAGO & LONDON--(BUSINESS WIRE)-- Northern Trust has been named Best Private Bank in the USA for the fourth consecutive year by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group. Northern Trust, a leading provider of financial services for institutions, affluent individuals and families, also was named Best Private Bank for Innovation and Best Private Bank for Socially Responsible Investing.
"Our panel of judges agreed that the ongoing evolution of Northern Trust's investment process places it firmly in the forefront of private banks," said Yuri Bender, editor in chief of PWM and The Banker. "While Northern Trust has introduced an institutional-type of approach that matches assets to goals, it has also expanded its range of socially responsible investments, creating more choices for clients to include in their custom-built portfolios."
"These awards reflect our firm commitment to helping clients reach their financial goals through our dynamic and customized approach to financial planning and investing," said Jana Schreuder, President of Wealth Management at Northern Trust. "We help clients pinpoint priorities and construct investment strategies designed expressly to help them meet their goals. We are honored that the Financial Times Group recognized the innovative methods and specialized strategies, including a broad array of socially responsible investments, we employ on our clients' behalf."
The awards were presented by Professional Wealth Management and The Banker at a Nov. 8 ceremony in Singapore. An international panel of industry professionals judged the submissions and selected winners based on an examination of quantitative and qualitative factors.
Northern Trust is a premier wealth management firm that specializes in goals-based financial advice. We offer clients fresh perspectives and creative thinking, backed by cutting-edge technology and a strong fiduciary ethos. Northern Trust is ranked among the top 10 U.S. wealth managers with $184.1 billion in assets under management as of September 30, 2012, and more than 70 wealth management offices in the United States and abroad.
About Northern Trust
Northern Trust Corporation (NAS: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$749.7 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter: @NorthernTrust and @NTWealth.
KEYWORDS: United Kingdom United States Europe Asia Pacific North America Illinois Singapore
The article Northern Trust Named "Best Private Bank in the USA" for Fourth Year originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.