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Northern Trust Reviews

Chicago, Illinois

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Northern Trust Corporation is a preeminent global financial institution headquartered in Chicago, Illinois. Founded in 1889 by Byron Laflin Smith, it is one of the oldest and largest banking institutions in continuous operation in the United States. Guided by its founding principles of service, expertise, and integrity, Northern Trust has evolved from a local trust bank into a premier wealth management, asset servicing, and investment management enterprise serving corporations, institutional investors, and ultra-high-net-worth individuals and families worldwide. The company operates through two primary business segments: Asset Servicing and Wealth Management. The Asset Servicing segment functions as a global institutional engine, catering to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. Its comprehensive offerings include global custody, fund administration, investment operations outsourcing, middle-office management, securities lending, foreign exchange, and multi-asset analytics. Through its institutional arm, Northern Trust manages complex, data-intensive workflows to safeguard and optimize large portfolios for asset owners across major international investment centers. The Wealth Management segment provides highly tailored financial consulting, personal trust and fiduciary administration, estate planning, philanthropy management, and private banking. This division focuses on affluent families, executives, and privately held businesses, with client relationship depth and multigenerational wealth preservation serving as core tenets. Northern Trust serves over 20 percent of the wealthiest families in the United States. Supporting both major segments is Northern Trust Asset Management (NTAM), which delivers active, passive, indexed, and alternative investment solutions—including private equity and hedge funds—to institutional and private clients. Financially robust, Northern Trust is publicly traded on the Nasdaq under the ticker NTRS and is a component of the S&P 500 Index. Under the leadership of Chairman and CEO Michael G. O'Grady, the corporation continues to achieve significant scale. As of early 2026, the company overseen a massive operational footprint, managing approximately $1.8 trillion in assets under management (AUM) and maintaining over $18.7 trillion in assets under custody/administration (AUC/A). For the fiscal year 2025, the corporation reported total revenue of $8.09 billion and a net income of $1.74 billion. With a workforce of approximately 25,000 employees globally, Northern Trust operates an extensive network spanning 24 U.S. states and Washington, D.C., alongside more than 20 international offices across Canada, Europe, the Middle East, and the Asia-Pacific region. Key operational hubs outside the U.S. include significant fund domiciles like the United Kingdom, Ireland, Luxembourg, and Switzerland. Recognized frequently by major publications like Forbes and Fortune for its corporate reputation and workplace diversity, Northern Trust also maintains a strong commitment to corporate citizenship, consistently donating roughly 1.5% of its pre-tax profits to global charitable organizations.