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Northern Trust Investments

SEC-registered adviser since 1988Chicago, ILCRD 105780

$1245.2B
AUM
41,027
Clients
See fees
Fee
219
Advisory staff

From Form ADV filed 15 June 2026 · data retrieved 15 October 2026SEC record

Northern Trust Investments is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 1988. Its clients include pooled investment vehicles, investment companies, and corporations and other businesses. High-net-worth individuals account for 8% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, and publishing newsletters. Fee arrangements include a percentage of assets under management, fixed fees, performance-based fees and other arrangements. The Northern Trust Company owns 75% or more of Northern Trust Investments, and Michael Hunstad is its CEO.

Clients

Northern Trust Investments serves 41,027 clients, 15,055 of them high-net-worth individuals. The average client has about $30 million with the firm, and high-net-worth clients hold 8% of its $1245.2 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals15,055 clients8%
  • Investment companies104 clients24%
  • Pooled investment vehicles237 clients41%
  • Pension and profit-sharing plans330 clients9%
  • Charitable organizations1,347 clients3%
  • OtherInsurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Individuals16%
Show client breakdown
Individuals (other than HNW)
Clients
20,223
Regulatory AUM
$8,810,144,191
Share
0.7%
Avg. per client
$436K
High-net-worth individuals
Clients
15,055
Regulatory AUM
$94,545,125,671
Share
7.6%
Avg. per client
$6.28M
Investment companies
Clients
104
Regulatory AUM
$294,532,798,980
Share
23.7%
Avg. per client
$2.83B
Pooled investment vehicles
Clients
237
Regulatory AUM
$509,360,651,988
Share
40.9%
Avg. per client
$2.15B
Pension and profit-sharing plans
Clients
330
Regulatory AUM
$110,575,136,788
Share
8.9%
Avg. per client
$335.1M
Charitable organizations
Clients
1,347
Regulatory AUM
$38,862,786,894
Share
3.1%
Avg. per client
$28.9M
Insurance companies
Clients
75
Regulatory AUM
$46,341,438,822
Share
3.7%
Avg. per client
$617.9M
Sovereign wealth funds and foreign official institutions
Clients
29
Regulatory AUM
$30,319,498,722
Share
2.4%
Avg. per client
$1.05B
Corporations and other businesses
Clients
3,627
Regulatory AUM
$111,900,641,484
Share
9.0%
Avg. per client
$30.9M

Total

Clients
41,027
Regulatory AUM
$1,245,248,223,540
Share
100%
Avg. per client
$30.4M

What it does

Northern Trust Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, publishing newsletters and other activities. It is paid through a percentage of assets, fixed fees, performance-based fees and other arrangements.

Northern Trust Investments advises 9 private funds.

100.0% of assets ($1245.25B across 41,027 accounts) are managed with discretion. 2% of clients are outside the U.S., and 36 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

The filed percentages total 101%. The values below are shown as filed.

Exchange-traded equity securities
67%
U.S. government/agency bonds
11%
U.S. state and local bonds
7%
Sovereign bonds
1%
Investment grade corporate bonds
7%
Non-investment grade corporate bonds
1%
Derivatives
1%
Cash and cash equivalents
6%

Custodians

Northern Trust Investments’ client accounts are held mainly at The Northern Trust, with 25% of managed assets. Northern Trust Investments has custody of $1068.17B for 40,588 clients.

Managed account assets by custodian
  • The Northern TrustThe Northern Trust Company · Chicago, IL · $308.12B25%
  • All other custodians$937.12B75%

Ownership and leadership

The Northern Trust Company owns 75% or more of Northern Trust Investments, and Michael Hunstad is its CEO.

Who owns the firm
Northern Trust Investments, Incorporated· the adviser

  • The Northern Trust Company

    Control person · since November 2000

    Owns 75% or more of Northern Trust Investments, Incorporated

Leadership

  • Michael Hunstad
    Chairmen/President/Chief Executive Officer/Director
  • Anwiti Bahuguna
    Executive Vice President/Co-Chief Investment Officer
  • Sheri Hawkins
    Executive Vice President/Director
  • Paulami Kar
    Executive Vice President/Director
  • Archana Kumar
    Executive Vice President/Chief Operating Officer/Director
  • Joseph McInerney
    Senior Vice President/Chief Risk Officer
  • Christian Roth
    Executive Vice President/Co-Chief Investment Officer
  • Maya Teufel
    Senior Vice President/Chief Compliance Officer
  • Sunitha Cherian Thomas
    Senior Vice President/Head of Wealth & Intermediary Client Group/Director
  • David Rudd
    Chief Financial Officer
  • Craig Richard Carberry
    Chief Legal Officer/Secretary
  • Daniel Roche
    Bu Chief Information Security Officer

Staff

  • 662 employees
  • 219 in advisory functions
  • 35 state-registered reps
  • 124 broker-dealer reps

Fees

Northern Trust Investments is paid through a percentage of assets under management, fixed fees (other than subscription fees), performance-based fees and other.

Northern Trust Investments’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Northern Trust Investments has 8 offices, with 6 listed addresses across 6 states.

Listed office addresses by state

Illinois · 1 listed address

  • 50 S Lasalle Street, ChicagoHQ

Other business names

Northern Trust Investments has reported 1 other business name to the SEC.

  • Nti, Inc.

Registration details

Legal name
Northern Trust Investments, Incorporated
Headquarters
50 S Lasalle Street, Chicago, IL 60603-1008
Phone
312-630-6000
Website
www.northerntrust.com
SEC file
801-33358
Structure
Illinois other (specify)
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Northern Trust Investments have?

Northern Trust Investments has 41,027 clients and manages $1245.2 billion for them, as of June 2026. They include 20,223 other individuals, 15,055 high-net-worth individuals and 3,627 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 June 2026

What services does Northern Trust Investments offer?

Northern Trust Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, publishing newsletters and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Northern Trust Investments use?

Northern Trust Investments’ separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $308,123,762,884. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 June 2026

How many financial advisors does Northern Trust Investments have?

Northern Trust Investments has 35 investment adviser representatives registered with state securities authorities, out of 662 employees, and 219 perform investment advisory functions. 124 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Northern Trust Investments invest in?

At the end of its last fiscal year, Northern Trust Investments’ separately managed accounts held 67% exchange-traded equities, 11% U.S. government and agency bonds, 7% state and local bonds, 7% investment grade corporate bonds, 6% cash and equivalents, 1% sovereign bonds, 1% high-yield corporate bonds and 1% derivatives. It advises 9 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Northern Trust Investments?

Northern Trust Investments is owned through a trust by Northern Trust Corporation. Its direct owner is the Northern Trust Company (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 15 June 2026

How does Northern Trust Investments get paid?

Northern Trust Investments is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 15 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 105780.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Northern Trust Investments, Incorporated and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.