Northern Trust Named Best Private Bank in U.S. for Digital Wealth Planning, Best Digital Innovator of the Year in U.S.
Northern Trust has been awarded Best Private Bank in the US for Digital Wealth Planning and Best Digital Innovator of the Year in the US by the Financial Times and PWM's Wealth Tech Awards. The recognition showcases Northern Trust's success in enhancing client experiences through technology innovations. With a focus on client and advisor needs, Northern Trust has implemented new patented technology, improved speed-to-market, and deployed high-performing teams to transform the wealth management experience.
Recognition as Best Private Bank in the US for Digital Wealth Planning and Best Digital Innovator of the Year in the US by the Financial Times and PWM's Wealth Tech Awards.
Success in completely reimagining the Goals-Driven experience for clients.
Implementing new patented technology to enhance client meeting experiences.
Improving speed-to-market, quality, and reliability through architecture and engineering disciplines.
Utilizing lean product management and best-in-class engineering disciplines to deliver a client-centric experience.
Offering holistic wealth management services for affluent individuals, families, family offices, foundations, endowments, and privately held businesses.
Recognition for innovative technology, service excellence, and expertise, with $420.6 billion in assets under management as of March 31, 2024.
Competitive pressure in the digital wealth planning sector may impact Northern Trust's market position.
Dependence on technology advancements for maintaining a competitive edge in the industry.
Financial Times and PWM Announce Wealth Tech Awards
The Wealth Tech Awards recognize and celebrate technology innovation in the wealth management industry. The awards highlight companies and products that use technology to enhance client experience, streamline operations, and improve investment outcomes. The awards are judged by a panel of experts in wealth management, technology and finance.
Northern Trust Wealth Management President Steven L. Fradkin said, “This recognition from the Financial Times and PWM highlights Northern Trust’s success in completely reimagining the Goals-Driven experience for clients.
“Northern Trust’s multi-disciplinary Goals Driven Wealth Management team is collectively focused and aligned around providing solutions that solve client and advisor needs,” Fradkin said. “Every decision, from what technology solutions to implement to what features are prioritized, is made with our client and advisor needs at the forefront.”
Over the past year, Northern Trust’s innovation resulted in a variety of improvements including:
- New technology, patented by Northern Trust, that transformed the client meeting experience, enabling uniquely frictionless, engaging and collaborative experiences for clients.
- Next-level speed-to-market, quality and reliability through architecture and engineering disciplines allowing Northern Trust to respond to client feedback faster by delivering enhancements more than 10x faster than in prior years.
“To realize this transformation in our platform, we deployed high-performing teams that adhered to lean product management and best-in-class engineering disciplines and used best-in-class architecture, containerization and domain-based microservices to deliver an experience that helps our clients evaluate trade-offs and make real-time decisions about their wealth,” Northern Trust Wealth Management Chief Operating Officer Henry Johnson said.
Northern Trust accepted the honors at an event in
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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Doug Holt
(312) 557-1571
Dh124@ntrs.com
Source: Northern Trust Corporation
FAQ
What awards did Northern Trust recently receive?
Northern Trust received the Best Private Bank in the US for Digital Wealth Planning and Best Digital Innovator of the Year in the US awards from the Financial Times and PWM's Wealth Tech Awards.
What improvements did Northern Trust make over the past year?
Over the past year, Northern Trust implemented new patented technology, improved speed-to-market, quality, and reliability through architecture and engineering disciplines to enhance client experiences.
What are the key services offered by Northern Trust Wealth Management?
Northern Trust Wealth Management offers holistic wealth management services for affluent individuals, families, family offices, foundations, endowments, and privately held businesses.
How much assets does Northern Trust manage as of March 31, 2024?
As of March 31, 2024, Northern Trust manages $420.6 billion in assets.
