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Home/Bank Intelligence/United States/Northern Trust Wealth Management
Northern Trust Wealth ManagementNT
Northern Trust Wealth Management review

The Northern Trust Company

Our review of Northern Trust Wealth Management for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreUnited States
RegulatorFederal Reserve (state member bank) and Illinois DFPR
Legal formLocally incorporated subsidiary
GroupNorthern Trust Corporation
Founded1889
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating
The rating

What the PPLI.com rating of Northern Trust Wealth Management considers

This is our editorial assessment of Northern Trust Wealth Management. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Northern Trust Wealth Management and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
The bank at a glance

Identity, protection and services

Legal identity

Legal nameThe Northern Trust Company
LEI6PTKHDJ8HDUF78PFWH30
LicenceIllinois state-chartered bank, Fed member, FDIC cert 913  Source
RegulatorFederal Reserve (state member bank) and Illinois DFPR
Legal formLocally incorporated subsidiary
OwnerNorthern Trust Corporation

Ownership

Group parentNorthern Trust Corporation (listed, NASDAQ)  Source
ControlWidely held; no shareholder with 10% or more

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
CET1 ratioNot published
total assetsUSD 178,566 m (2026-06-30)  Source

Services published for this booking unit

Discretionary management
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Family office services
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionNational banks are FDIC insured: USD 250,000 per depositor, per bank, for each ownership category. Securities are not deposits.
Custody law12 CFR 9.13(b) requires a national bank to keep fiduciary account assets separate from the bank's own assets; securities at a broker-dealer are customer property under SIPA with SIPC protection. Re-use and lending are governed by account agreements and regulator rules rather than a single statute.
Custody termsNot published
Your experience

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If you bank with Northern Trust Wealth Management or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Northern Trust Wealth Management or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Regulator registers and the bank's own publications.

For Northern Trust Wealth Management

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-US-NORTHERN-TRUST-9CC1AB.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-US-NORTHERN-TRUST-9CC1AB
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