True Potential Selects Northern Trust for Outsourced Trading Solutions
Northern Trust (Nasdaq: NTRS) has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for True Potential, a UK-based wealth management firm managing £31.7bn in assets. Northern Trust will handle trading for True Potential's internally managed funds, worth approximately £6.1bn. This expands on Northern Trust's existing role as True Potential's custodian, announced in January 2024, which includes fund accounting, transfer agency, custody, and depositary services for True Potential's UK-domiciled fund range.
True Potential chose Northern Trust for its extensive broker access, trading expertise, and transparent commission model. The partnership aims to lower costs for True Potential's clients while enhancing operational efficiency. Northern Trust's ITS combines global trading expertise with integrated middle and back-office services, helping asset managers reduce costs, manage compliance, and improve transparency.
Northern Trust (Nasdaq: NTRS) è stata selezionata per fornire trading esternalizzato tramite le sue Soluzioni di Trading Integrato (ITS) per True Potential, una società di gestione patrimoniale con sede nel Regno Unito che gestisce £31,7 miliardi di attivi. Northern Trust gestirà il trading per i fondi gestiti internamente di True Potential, del valore di circa £6,1 miliardi. Questo amplia il ruolo già esistente di Northern Trust come custode di True Potential, annunciato a gennaio 2024, che include contabilità dei fondi, agenzia di trasferimento, custodia e servizi di deposito per la gamma di fondi domiciliati nel Regno Unito di True Potential.
True Potential ha scelto Northern Trust per il suo ampio accesso ai broker, l'esperienza nel trading e il modello di commissioni trasparente. L'obiettivo della partnership è ridurre i costi per i clienti di True Potential, migliorando al contempo l'efficienza operativa. Le ITS di Northern Trust combinano expertise globale nel trading con servizi integrati di middle e back-office, aiutando i gestori di attivi a ridurre i costi, gestire la conformità e migliorare la trasparenza.
Northern Trust (Nasdaq: NTRS) ha sido seleccionada para proporcionar trading externalizado a través de sus Soluciones Integradas de Trading (ITS) para True Potential, una firma de gestión de patrimonios con sede en el Reino Unido que gestiona £31.7 mil millones en activos. Northern Trust se encargará del trading de los fondos gestionados internamente por True Potential, que tienen un valor aproximado de £6.1 mil millones. Esto amplía el papel que Northern Trust ya desempeña como custodio de True Potential, anunciado en enero de 2024, que incluye contabilidad de fondos, agencia de transferencia, custodia y servicios de depósito para la gama de fondos domiciliados en el Reino Unido de True Potential.
True Potential eligió a Northern Trust por su amplio acceso a corredores, experiencia en trading y modelo de comisiones transparente. La asociación busca reducir los costos para los clientes de True Potential mientras mejora la eficiencia operativa. Las ITS de Northern Trust combinan experiencia global en trading con servicios integrados de middle y back-office, ayudando a los gestores de activos a reducir costos, gestionar el cumplimiento y mejorar la transparencia.
노던 트러스트 (NASDAQ: NTRS)는 아웃소싱 거래를 제공하기 위해 트루 포텐셜을 위한 통합 거래 솔루션(ITS)을 선택받았습니다. 트루 포텐셜은 317억 파운드의 자산을 관리하는 영국 기반의 자산 관리 회사입니다. 노던 트러스트는 트루 포텐셜이 내부에서 관리하는 약 61억 파운드 규모의 펀드 거래를 담당하게 됩니다. 이는 2024년 1월에 발표된 트루 포텐셜의 수탁자로서의 기존 역할을 확장하는 것으로, 여기에는 트루 포텐셜의 영국 도메인 펀드 범위를 위한 펀드 회계, 이전 대행, 보관 및 예치 서비스가 포함됩니다.
트루 포텐셜은 노던 트러스트를 광범위한 브로커 접근성, 거래 전문성 및 투명한 수수료 모델 때문에 선택했습니다. 파트너십의 목표는 트루 포텐셜 고객을 위한 비용을 절감하면서 운영 효율성을 향상시키는 것입니다. 노던 트러스트의 ITS는 글로벌 거래 전문성과 통합된 미들 및 백오피스 서비스를 결합하여 자산 관리자가 비용을 절감하고, 규정 준수를 관리하며, 투명성을 개선할 수 있도록 돕습니다.
Northern Trust (Nasdaq: NTRS) a été sélectionnée pour fournir trading externalisé via ses Solutions de Trading Intégrées (ITS) pour True Potential, une société de gestion de patrimoine basée au Royaume-Uni, gérant 31,7 milliards de livres d'actifs. Northern Trust se chargera des transactions pour les fonds gérés en interne par True Potential, d'une valeur d'environ 6,1 milliards de livres. Cela élargit le rôle existant de Northern Trust en tant que dépositaire de True Potential, annoncé en janvier 2024, qui comprend la comptabilité des fonds, l'agence de transfert, la garde et les services de dépôt pour la gamme de fonds domiciliés au Royaume-Uni de True Potential.
True Potential a choisi Northern Trust pour son large accès aux courtiers, son expertise en trading et son modèle de commission transparent. L'objectif du partenariat est de réduire les coûts pour les clients de True Potential tout en améliorant l'efficacité opérationnelle. Les ITS de Northern Trust combinent une expertise commerciale mondiale avec des services intégrés de middle et back-office, aidant les gestionnaires d'actifs à réduire les coûts, à gérer la conformité et à améliorer la transparence.
Northern Trust (Nasdaq: NTRS) wurde ausgewählt, um Outsourcing-Trading über seine integrierten Handelslösungen (ITS) für True Potential bereitzustellen, ein in Großbritannien ansässiges Vermögensverwaltungsunternehmen, das 31,7 Milliarden £ an Vermögenswerten verwaltet. Northern Trust wird den Handel für die intern verwalteten Fonds von True Potential übernehmen, die einen Wert von ungefähr 6,1 Milliarden £ haben. Dies erweitert die bereits bestehende Rolle von Northern Trust als Depotbank von True Potential, die im Januar 2024 bekannt gegeben wurde und Dienstleistungen wie Fondbuchhaltung, Transferagentur, Verwahrung und Depotdienstleistungen für die in Großbritannien ansässige Fondspalette von True Potential umfasst.
True Potential wählte Northern Trust wegen des umfassenden Zugriffs auf Broker, der Handelskompetenz und des transparenten Provisionsmodells. Das Ziel der Partnerschaft ist es, die Kosten für die Kunden von True Potential zu senken und gleichzeitig die betriebliche Effizienz zu erhöhen. Die ITS von Northern Trust kombinieren globale Handelskompetenz mit integrierten Mittel- und Backoffice-Diensten, die den Asset-Managern helfen, Kosten zu senken, Compliance zu verwalten und die Transparenz zu verbessern.
- Northern Trust expands its relationship with True Potential, potentially increasing revenue
- Provides outsourced trading for £6.1bn of True Potential's internally managed funds
- Offers access to all 18 Gilt-edged Market Makers (GEMMS) and broad ETF liquidity options
- Potential for cost reduction and improved efficiency for True Potential and its clients
- None.
Insights
True Potential's decision to outsource its trading operations to Northern Trust's Integrated Trading Solutions (ITS) is a strategic move with potential financial implications. This partnership, covering
From an investor's perspective, the potential for lower costs in True Potential's portfolios is a positive development. However, it's important to monitor whether these cost savings translate into improved fund performance or lower fees for end clients. The access to Northern Trust's extensive broker network and ETF liquidity options could potentially enhance trade execution and portfolio management capabilities, which may positively impact returns over time.
This partnership reflects a growing trend in the wealth management industry towards outsourcing non-core functions. True Potential's decision aligns with the industry's focus on cost optimization and operational efficiency. The move could potentially strengthen True Potential's competitive position in the UK market, where it already manages
The collaboration with Northern Trust, a Nasdaq-listed company, may enhance True Potential's market credibility and potentially attract more institutional clients. However, it's important to note that while outsourcing can bring benefits, it also introduces dependency risks. Investors should monitor how this partnership affects True Potential's service quality and client satisfaction in the long term, as these factors are important for retaining and growing its client base in the competitive UK wealth management landscape.
The integration of Northern Trust's Integrated Trading Solutions (ITS) into True Potential's operations represents a significant technological upgrade. ITS offers advanced features like multi-location trading coverage and integrated middle and back-office services, which can enhance True Potential's operational capabilities. This tech-driven approach could lead to improved trade execution, better risk management and enhanced regulatory compliance.
For investors, this technological enhancement could translate to more efficient portfolio management and potentially better investment outcomes. The system's ability to access all 18 Gilt-edged Market Makers (GEMMS) and its efficient price discovery mechanism for ETFs could result in improved liquidity and more competitive pricing for True Potential's clients. However, the success of this tech integration will depend on seamless implementation and effective utilization of the new capabilities.
Northern Trust previously announced its appointment as True Potential's custodian in January 2024. Northern Trust is providing fund accounting, transfer agency, custody and depositary services to True Potential’s open-ended investment company (OEIC)
Founded in 2007 and headquartered in
“True Potential selected Northern Trust as their outsourced trading partner to leverage our extensive access to brokers, trading expertise and transparent commission model. In addition, our ability to access all 18 available Gilt-edged Market Makers (GEMMS) and broad range of ETF liquidity options via our efficient price discovery mechanism was a key decision point,” said Amy Thorne, Head of Integrated Trading Solutions, EMEA, Northern Trust. “The addition of trading and trade-related processing means True Potential is taking full advantage of Northern Trust’s capabilities at every point in the lifecycle of an investment decision, from execution to custody and beyond.”
"Northern Trust’s outsourced trading operations provide a more attractive pricing model for our portfolios, which we believe can lower costs for our clients. This is important for us all as we continue to grow our investment solutions," said Kevin Kidney, Head of Asset Allocation, True Potential. “The team at Northern Trust worked diligently to find the right solution and focused their approach on the best outcomes for our clients. We look forward to growing our relationship with them.”
Northern Trust’s outsourced trading capability combines worldwide agency-only trading expertise in equities, fixed income and exchange traded derivatives across global markets, coverage from multiple trading locations, access to high-quality liquidity and a fully integrated middle and back-office service. ITS helps asset owners and asset managers to meaningfully lower costs, reduce risk, manage regulatory compliance and enhance transparency and operational efficiency.
ITS is part of Northern Trust Banking & Markets which also provides institutional brokerage, foreign exchange, securities lending and transition management services.
About Northern Trust Banking & Markets
Northern Trust Banking & Markets is comprised of a number of Northern Trust entities that provide trading and execution services on behalf of institutional clients, including foreign exchange, institutional brokerage, securities finance and transition management services. Foreign exchange, securities finance and transition management services are provided by The Northern Trust Company (TNTC) globally, and Northern Trust Global Services SE (NTGS SE) in the European Economic Area (EEA). Institutional Brokerage services including ITS are provided by NTGS SE in the EEA, Northern Trust Securities LLP (NTS LLP) in the rest of EMEA, Northern Trust Securities Australia Pty Ltd (NTSA) in APAC and Northern Trust Securities, Inc. (NTSI) in
For legal and regulatory information about our offices and legal entities, visit northerntrust.com/disclosures.
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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