Northern Trust Expands Newly Launched Alts Platform to Include Private Markets
December 03 2018 - 8:00AM
Business Wire
Northern Trust (NASDAQ: NTRS) announced today it has added
private market capabilities to supplement the recently launched
ArcLine Alternatives platform for the firm’s wealth management
clients.
The private market investment offering, developed with
alternative investment technology firm Artivest, better enables
Northern Trust’s qualified wealth management clients to take
advantage of a carefully curated list of leading alternative funds
to meet their changing, and increasingly sophisticated, asset
allocation and portfolio diversification needs through an
integrated cloud-based subscription and reporting platform.
“Northern Trust is committed to delivering quality alternative
investment opportunities for our clients in the most efficient and
secure manner available. We are pleased to announce this addition
to our alternatives platform, which offers exposure to some of the
world’s top private market fund managers though a frictionless
investment process,” said Steven L. Fradkin, President of Northern
Trust Wealth Management. “This capability is yet another mechanism
to help our clients meet their long-term goals, leveraging
sophisticated technology to deliver seamless alternatives exposure
and reporting.”
“Artivest is proud to support Northern Trust's private market
offerings through the digital ArcLine Alternatives platform," said
James Waldinger, Artivest’s CEO and Founder. "We look forward to a
long-term collaboration with Northern Trust."
Northern Trust Wealth Management specializes in Goals
Driven Wealth Management backed by innovative technology and a
strong fiduciary heritage. Northern Trust Wealth Management is
ranked among the top 10 U.S. wealth managers, with $295.5 billion
in assets under management as of September 30, 2018, and a wide
network of wealth management offices across the United States.
The Northern Trust Company is an Equal Housing Lender. Member
FDIC.
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 Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 23
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2018, Northern Trust had
assets under custody/administration of US$10.8 trillion, and assets
under management of US$1.1 trillion. For more than 125 years,
Northern Trust has earned distinction as an industry leader for
exceptional service, financial expertise, integrity and innovation.
Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/disclosures.
About Artivest
Artivest is the premier alternative investment platform,
offering investors and advisors digital access to
institutional-quality alternative strategies, including private
equity, hedge funds, managed futures, and real assets. Our
enterprise solutions for asset and wealth managers include
investment access and transaction processing, investment research
and product structuring, and nationwide fund distribution. Artivest
remains privately held by its employees and outside investors, led
by KKR, Thiel Capital, Genstar Capital, and Aquiline Capital
Partners. For more information, please visit artivest.co.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181203005089/en/
Media Contact:Alaina Kleinman(312) 444-4065AK503@ntrs.comhttp://www.northerntrust.com
Northern (NASDAQ:NTRS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Northern (NASDAQ:NTRS)
Historical Stock Chart
From Apr 2023 to Apr 2024