Northern Trust Expands Global Family Office Services
Northern Trust Wealth Management has announced the expansion of its family office services with the launch of Family Office Solutions, a new offering targeting ultra-high-net-worth families who seek comprehensive financial management without maintaining a standalone office. The service will be integrated into Northern Trust's Global Family and Private Investment Offices (GFO) practice.
Led by veteran executive Pam Lucina, the new solution combines institutional-grade investment capabilities with personalized family office services, spanning wealth planning, legal, tax, accounting, finance, banking, insurance, and philanthropy. The initiative builds on Northern Trust's established presence serving 30% of the Forbes 400 wealthiest Americans.
Northern Trust Wealth Management currently manages $450.7 billion in assets as of December 31, 2024, offering comprehensive wealth management services for affluent individuals, family offices, foundations, endowments, and privately held businesses.
Northern Trust Wealth Management ha annunciato l'espansione dei suoi servizi per uffici familiari con il lancio di Family Office Solutions, una nuova offerta rivolta a famiglie ultra-ricche che cercano una gestione finanziaria completa senza dover mantenere un ufficio autonomo. Il servizio sarà integrato nella pratica di Global Family and Private Investment Offices (GFO) di Northern Trust.
Guidata dall'esperta dirigente Pam Lucina, la nuova soluzione combina capacità di investimento di livello istituzionale con servizi personalizzati per uffici familiari, che coprono pianificazione patrimoniale, legale, fiscale, contabile, finanziaria, bancaria, assicurativa e filantropica. L'iniziativa si basa sulla presenza consolidata di Northern Trust che serve il 30% degli americani più ricchi secondo Forbes 400.
Northern Trust Wealth Management attualmente gestisce $450,7 miliardi in attivi al 31 dicembre 2024, offrendo servizi di gestione patrimoniale completi per individui benestanti, uffici familiari, fondazioni, dotazioni e aziende a conduzione privata.
Northern Trust Wealth Management ha anunciado la expansión de sus servicios de oficina familiar con el lanzamiento de Family Office Solutions, una nueva oferta dirigida a familias ultra-ricas que buscan una gestión financiera integral sin mantener una oficina independiente. El servicio se integrará en la práctica de Global Family and Private Investment Offices (GFO) de Northern Trust.
Dirigida por la veterana ejecutiva Pam Lucina, la nueva solución combina capacidades de inversión de nivel institucional con servicios personalizados de oficina familiar, abarcando planificación patrimonial, legal, fiscal, contable, financiera, bancaria, de seguros y filantropía. La iniciativa se basa en la presencia establecida de Northern Trust, que atiende al 30% de los estadounidenses más ricos según Forbes 400.
Northern Trust Wealth Management actualmente gestiona $450.7 mil millones en activos a partir del 31 de diciembre de 2024, ofreciendo servicios de gestión patrimonial integrales para individuos adinerados, oficinas familiares, fundaciones, dotaciones y negocios de propiedad privada.
Northern Trust Wealth Management는 독립 사무소를 유지하지 않고 포괄적인 재무 관리를 원하는 초고액 자산가 가족을 위한 새로운 서비스인 Family Office Solutions의 출범으로 가족 사무소 서비스의 확장을 발표했습니다. 이 서비스는 Northern Trust의 Global Family and Private Investment Offices (GFO) 실무에 통합될 것입니다.
베테랑 임원 Pam Lucina가 이끄는 이 새로운 솔루션은 부의 계획, 법률, 세무, 회계, 재무, 은행, 보험 및 자선 활동을 아우르는 개인화된 가족 사무소 서비스와 함께 기관 수준의 투자 능력을 결합합니다. 이 이니셔티브는 Forbes 400에서 가장 부유한 미국인의 30%를 대상으로 하는 Northern Trust의 확립된 존재를 기반으로 합니다.
Northern Trust Wealth Management는 현재 2024년 12월 31일 기준으로 $450.7억 달러의 자산을 관리하고 있으며, 부유한 개인, 가족 사무소, 재단, 기부금 및 개인 소유 비즈니스를 위한 포괄적인 자산 관리 서비스를 제공하고 있습니다.
Northern Trust Wealth Management a annoncé l'expansion de ses services de bureau familial avec le lancement de Family Office Solutions, une nouvelle offre ciblant les familles ultra-fortunées qui recherchent une gestion financière complète sans avoir à maintenir un bureau autonome. Le service sera intégré à la pratique de Global Family and Private Investment Offices (GFO) de Northern Trust.
Dirigée par la vétéran Pam Lucina, la nouvelle solution combine des capacités d'investissement de niveau institutionnel avec des services personnalisés de bureau familial, couvrant la planification patrimoniale, le juridique, la fiscalité, la comptabilité, la finance, la banque, l'assurance et la philanthropie. L'initiative s'appuie sur la présence établie de Northern Trust, qui sert 30 % des Américains les plus riches selon Forbes 400.
Northern Trust Wealth Management gère actuellement $450,7 milliards d'actifs au 31 décembre 2024, offrant des services de gestion de patrimoine complets pour les individus fortunés, les bureaux familiaux, les fondations, les dotations et les entreprises privées.
Northern Trust Wealth Management hat die Erweiterung seiner Family Office-Dienste mit der Einführung von Family Office Solutions angekündigt, einem neuen Angebot, das sich an ultra-vermögende Familien richtet, die eine umfassende Finanzverwaltung suchen, ohne ein eigenständiges Büro zu unterhalten. Der Service wird in die Praxis von Global Family and Private Investment Offices (GFO) von Northern Trust integriert.
Unter der Leitung der erfahrenen Führungskraft Pam Lucina kombiniert die neue Lösung institutionelle Investitionsfähigkeiten mit personalisierten Family Office-Diensten, die Vermögensplanung, rechtliche, steuerliche, buchhalterische, finanzielle, banktechnische, versicherungstechnische und philanthropische Aspekte abdecken. Die Initiative baut auf der etablierten Präsenz von Northern Trust auf, die 30% der reichsten Amerikaner laut Forbes 400 bedient.
Northern Trust Wealth Management verwaltet derzeit $450,7 Milliarden an Vermögenswerten zum 31. Dezember 2024 und bietet umfassende Vermögensverwaltungsdienste für wohlhabende Einzelpersonen, Family Offices, Stiftungen, Vermögensfonds und privat gehaltene Unternehmen an.
- Expansion into ultra-high-net-worth market segment with new Family Office Solutions
- Strong existing client base including 30% of Forbes 400 wealthiest Americans
- Substantial AUM of $450.7 billion demonstrating market leadership
- Diversification of revenue streams through comprehensive service offering
- None.
Insights
Northern Trust's launch of Family Office Solutions represents a strategic expansion in the ultra-high-net-worth market segment, where the company already has significant presence serving 30% of the Forbes 400 wealthiest Americans. This move targets an important gap in the wealth management landscape - affluent families who need sophisticated services but don't want the expense and administrative burden of a standalone family office.
This service extension is well-positioned to capitalize on two key market trends: the ongoing creation of new wealth and increasing complexity in multi-generational wealth management. By offering institutional-grade investment capabilities combined with personalized family office services, Northern Trust can potentially capture greater wallet share from existing clients while attracting new assets without significant additional infrastructure costs.
The appointment of veteran executive Pam Lucina to lead this initiative brings valuable experience from her work with The Northern Trust Institute, suggesting an evidence-based approach to family wealth dynamics. Housing this new offering within their established Global Family and Private Investment Offices practice creates natural synergies and service pathways.
With
Family Office Solutions draws on decades of successfully serving ultra-high-net-worth clients and family offices
This approach represents the latest chapter in Northern Trust’s award-winning history of serving the most affluent individuals and families, including 30 percent of the Forbes 400 list of wealthiest Americans. Family Office Solutions will reside within Northern Trust’s Global Family and Private Investment Offices (GFO) practice, to allow wealthy families to seamlessly coordinate their financial lives while having access to institutional-grade investment and family office services.
“We are seeing a growing number of ultra-high-net-worth families who may not want a single-family office, but whose needs very much align with what a family office can deliver,” Northern Trust Wealth Management President Jason Tyler said. “Our Family Office Solutions group will serve these clients with bespoke solutions that blend institutional-caliber investment capabilities with the personalized service and strategic oversight of a family office.”
Pam Lucina, a veteran financial services executive, will lead Family Office Solutions. Previously, Lucina served as Northern Trust’s Chief Fiduciary Officer and spearheaded the creation of The Northern Trust Institute, where more than 175 Northern Trust experts collaborate to study the financial, emotional and psychological aspects of wealth transfer and identify strategies that help clients thrive over generations.
“Alongside a surge in new wealth creation, families have encountered more demands and complexity in managing their financial affairs, reflecting demographic and generational changes,” said Lucina. “We are making sophisticated services more accessible to a broader range of families, where we provide all the advantages of a family office without the overhead and commitments of maintaining an in-house team.”
Northern Trust’s Family Office Solutions combines high-touch support with an array of capabilities driven by family needs spanning wealth planning, legal and tax, accounting and finance, investment, banking, insurance and philanthropy.
“With over four decades of serving the most sophisticated family offices in the world, we know their needs vary in form and scale,” said GFO President Dino De Vita. “This expanded offering allows us to provide a full continuum of services and effectively meet the diverse, multigenerational needs of families, whether that is supporting established family offices or providing a bespoke service that aligns with their goals.”
Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Media Contact:
Landis Cullen
312-444-3188
landis.cullen@ntrs.com
Source: Northern Trust Corporation
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