Northern Trust Stock Price, News & Analysis

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.

Northern Trust (Nasdaq: NTRS) has been appointed to provide fund administration services for Pershing Square Capital Management, supporting their funds in Guernsey, Cayman, and Delaware. Chief Financial Officer Michael Gonnella emphasized Northern Trust's capability to meet complex requirements while delivering seamless service. CEO Jeff Boyd expressed enthusiasm for the partnership, highlighting Northern Trust's global reputation. Northern Trust offers a comprehensive range of asset servicing solutions, serving major asset managers and owners worldwide, with $13.1 trillion in assets under custody as of September 30, 2020.

Northern Trust (Nasdaq: NTRS) has launched a next-generation investor portal aimed at enhancing the experience for alternative asset managers. This cloud-based platform, developed in partnership with InvestCloud, offers 24/7 access to investment data, customized views, and secure data visualization. Features include direct investor access, automated notifications, and detailed analytics for managers. As the alternatives market becomes more complex, this innovative portal helps clients meet evolving investor expectations and strengthens their business relationships.

Northern Trust's Emotomy® platform has enhanced its functionality by integrating with Schwab Advisor Center, improving advisor efficiency. This update offers a seamless single sign-on experience and builds upon Emotomy's commitment to integrating with fintech providers. The platform allows advisors to provide scalable personalized advice using its powerful portfolio construction tool. Additionally, Emotomy's recent updates include a new public-facing website and a multi-factor income portfolio. Northern Trust completed the acquisition of Belvedere Advisors, the parent company of Emotomy, a year ago.

Northern Trust (Nasdaq: NTRS) has been selected by Emerald Technology Ventures AG to provide fund administration, global custody, and banking services for the Emerald Global Water Impact Fund LP. This US$100 million fund will invest in early-stage and expansion-stage companies in the water technology sector, addressing global water issues aligned with UN sustainable development goals. Northern Trust's partnership with Emerald spans over two decades, supporting six fund launches and innovations in private equity blockchain applications.

In the third quarter of 2020, institutional investment plans reported positive median returns, according to the Northern Trust Universe. The median plan return was 5.1% from July 1 to September 30. Foundations and Endowments achieved a 5.9% return, surpassing Public Funds at 5.0% and Corporate ERISA pension plans at 4.4%. The U.S. equity median return was 8.3%, while U.S. fixed income yielded 1.4%. Notably, Corporate ERISA pensions allocated 38.8% of assets to fixed income. Northern Trust Corporation, listed as NTRS, oversees over $1.3 trillion in assets.

Northern Trust (Nasdaq: NTRS) has launched new Research Management and Investment Analysis modules in its Front Office Solutions tool. This web-based platform caters to institutional investors managing complex portfolios, including alternatives, by improving data capacity, speed, and customizable reporting. The Research Management module supports the manager selection process, while the Investment Analysis module allows investors to evaluate performance and risk measures across their investments. The tool leverages cloud technology and AI for efficient data management.

The Northern Trust Canada Universe reported a 3.2% return for Canadian defined benefit plans in Q3 2020, bolstered by resilient equity markets despite volatility. Canadian equities saw a 4.7% rise, while U.S. equities surged 6.8% in CAD. International developed markets produced a 2.9% return, and emerging markets led at 7.6%. The Canadian economy showed recovery signs with a drop in unemployment to 9.0%. Meanwhile, the U.S. unemployment rate fell to 7.9%. Northern Trust continues to adapt to evolving pension plan needs amid ongoing economic recovery.