Northern Trust Named Best Private Bank in the United States for 15th Time

Northern Trust (NTRS) won Best Private Bank in the United States for the 15th time at the 2026 Global Private Banking Awards.

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Firm also wins for family offices and ultra-high-net-worth clients

CHICAGO--(BUSINESS WIRE)-- Northern Trust won top honors in three categories at the 2026 Global Private Banking Awards, presented by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

• Best Private Bank – United States
• Best Private Bank for Family Offices – United States
• Best Private Bank for Ultra-High-Net-Worth Clients – United States

Northern Trust is now a 15-time winner of Best Private Bank in the United States. Professional Wealth Management Editor-in-Chief Yuri Bender cited Northern Trust’s consistency in serving wealthy clients.

According to Bender: “Northern Trust's expertise in managing the assets, expectations and business affairs of its wealthy client base was key to the judges’ deliberations regarding the highly competitive US private banking market. Combining expertise in technology, alternatives and working with family offices to create a cross-disciplinary offering, Northern Trust provides a consistent service across the US patchwork of regions with different demands.”

The family office and ultra-high-net-worth recognitions highlight Northern Trust’s work with families facing different levels of wealth complexity.

Northern Trust’s Global Family Office group has advised wealthy families for more than 40 years, helping them manage investments, business interests and financial affairs that often span multiple generations and jurisdictions. Its expertise extends to private markets, succession planning and family governance, including helping families establish how decisions are made and responsibilities are shared among generations.

For families whose wealth calls for that level of coordination, but who don’t have a dedicated family office, Northern Trust offers Family Office Solutions. A dedicated team works alongside families’ existing advisors to integrate investments, estate planning, reporting and other personalized services. The approach can be particularly valuable following a business sale, when families must make decisions about investing, transferring wealth and establishing future plans.

“The financial lives of wealthy families rarely get simpler. Our job is to understand how changes affect the entire family, not just the portfolio,” Northern Trust Wealth Management President Jason Tyler said. “What I’m most proud of is the confidence our clients place in our people. They expect us to understand their circumstances, challenge their thinking when appropriate and deliver advice that stands the test of time. That’s a responsibility that we take seriously.”

Northern Trust accepted the awards at an event in London on November 5.

Northern Trust Wealth Management is a premier private bank serving affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Northern Trust Wealth Management, which combines deep expertise with innovative technology and service excellence, had US$536 billion in assets under management as of September 30, 2026. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2026, Northern Trust had assets under custody/administration of US$19.9 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261106414980/en/

Media Contact:
Landis Cullen
312-444-3188
landis.cullen@ntrs.com

Source: Northern Trust Corporation

Key Terms

assets under management financial

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.