Northern Trust Stock Price, News & Analysis

Northern Trust has renewed its collaboration with the Wharton Global Family Alliance (Wharton GFA) for three more years. This partnership focuses on research and best practices for multi-generational families and their businesses, addressing key issues in wealth management, governance, and philanthropy. Northern Trust, with over 130 years of experience and $318.5 billion in assets under management, aims to enhance knowledge sharing and initiatives that benefit global families. The partnership continues a successful relationship established in 2017.

SC Ventures, part of Standard Chartered, and Northern Trust have announced a partnership to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. With cryptocurrencies currently at 0.3% of global currency and expected to grow at a CAGR of 32% until 2024, Zodia aims to cater to institutional interest, currently low at 9%. Pending regulatory approval, Zodia will initially provide custody for major cryptocurrencies, which account for 80% of top crypto assets. The service aims to combine traditional banking security with fintech agility.

Northern Trust (Nasdaq: NTRS) has been selected by Sands Capital Management to deliver comprehensive fund administration, transfer agency, depositary, and global custody services for its US$6 billion Ireland-domiciled UCITS umbrella fund, Sands Capital Funds Plc. The consolidation aims to enhance operational efficiency and service quality for Sands Capital's investment strategies focused on global, US, and emerging markets. This partnership builds on an existing relationship, reinforcing Northern Trust's capabilities in supporting Sands Capital's growth and investor engagement.

Northern Trust Corporation (NTRS) announces its fourth quarter 2020 earnings conference call scheduled for January 21, 2021, at 9:00 a.m. CT. The earnings press release and related materials will be available for review on Northern Trust's website. As of September 30, 2020, the company reported assets under custody of US$13.1 trillion and assets under management of US$1.3 trillion. The webcast will be accessible for about four weeks post-call, allowing for investor engagement and insights into the company's financial performance.

Northern Trust Wealth Management has appointed Monica Fernandes as the new Senior Banking Advisor in Austin, Texas. She will lead the lending and deposit business, focusing on delivering banking solutions to drive growth for clients in Central Texas. With nearly 20 years in banking, Fernandes is recognized for her experience in commercial and real estate banking. Northern Trust, which manages $318.5 billion in assets as of September 30, 2020, aims to enhance its service to the growing entrepreneurial community in Austin by leveraging her expertise.

Emotomy, a division of Northern Trust Asset Management, has unveiled significant enhancements to its digital investment platform. Key improvements include simplified navigation and a tenfold speed increase, enabling advisers to focus more on client interactions. The update, described as a foundation for forthcoming modernization, introduces a robust portfolio engine and paperless automation. The platform also features a new single sign-on for Schwab advisors, streamlining workflow. Since its acquisition of Belvedere Advisors in 2020, Emotomy has continually upgraded its services to meet advisor needs.

Northern Trust Corporation has announced that Chairman and CEO, Michael O’Grady, and CFO, Jason J. Tyler, will present at the Goldman Sachs U.S. Financial Services Conference via webcast on December 8, 2020, at 5:00 p.m. ET. The live audio webcast can be accessed through Northern Trust's website. A replay will be available for around four weeks post-event. Northern Trust, trading under the ticker symbol NTRS, is a prominent provider of wealth management and asset servicing with over $13.1 trillion in assets under custody as of September 30, 2020.

Northern Trust Asset Management's FlexShares has released its sixth biennial survey examining financial advisors' perspectives on outsourcing investment management services. The study, conducted with over 500 advisors, indicates that 41% currently use external managers—consistent with 2010 figures. Notably, 15% plan to increase outsourcing due to pandemic impacts. While the number of accounts outsourced grows, advisors are more selective, with those outsourcing all activities declining to 12%. Additionally, 61% turn to turnkey asset management providers, while digital technology usage is on the rise among advisors.