Wealth Management Family-office service
Rank 07
Northern Trust Global Family and Private Investment Offices
The Americas FO custody/OCIO heavyweight Modus and PWM/The Banker still measure peers against—institutional fiduciary, not a roll-up brochure.
Photograph by ajay_suresh, CC BY 2.0, via Wikimedia Commons / Flickr, resized
Why it is here
Modus (2025) documents Northern Trust’s Global Family Office managing about $170B for 500+ clients and custody of more than $800B in FO assets. InvestmentNews (Apr 2026) independently reports GFO serving 550+ families with average net worth above $1bn as Wealth Management’s fastest-growing segment. PWM/The Banker GPBA 2025 named Northern Trust Best Private Bank in the US—FT Group award coverage, not a 2022 wire syndication.
Who it is for
UHNW single-family offices needing institutional custody, OCIO-style investing, and outsourced FO infrastructure from a fiduciary bank heritage.
Sources
- Walls Fall at Northern TrustGFO manages ~$170B for 500+ clients; custodian >$800B FO assets; Family Office Solutions unit for clients without a standalone office.
- Northern Trust names Beata Kirr as investment chief for global family office unitGFO serves 550+ families with average net worth above $1bn; Wealth Management’s fastest-growing segment.
- Global Private Banking Awards 2025: Winners and highly commendedPWM/The Banker name Northern Trust Best Private Bank in the US (plus NA Entrepreneurs and Alternatives).
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